Babanaik said:
Few weeks ago I emailed KSV as well regarding the deposit return they didn't give me any details which you mentioned and said they don't have anything to do with it and asked me to contact with Trisura or MNP.

Do you think there is a trust issue between the lawyers and KSV or some legality issue? Or KSV didn't receive large number of APS? Or there is still doubts of completion of the project (which I have)?
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As frustrating as this is, I wouldn't worry. From my research and talks with other people, these processes often take months. Everything happening right now was outlined in the latest KSV documents for our project.

From what I understand, MNP are handling the process now. In batches, they are requesting $20k for each unit from Tarion, then topping up the rest of the refund amount through Trisura's insurance policy. MNP seem to be the middlemen who are dealing with both Trisura and Tarion to calculate how much to pull from each party, before they finalize the amount to send to us. I wish it was a lot quicker, but I wouldn't stress about anything nefarious happening. Just typical bureaucratic bs.
 
athundo said:
As frustrating as this is, I wouldn't worry. From my research and talks with other people, these processes often take months. Everything happening right now was outlined in the latest KSV documents for our project.

From what I understand, MNP are handling the process now. In batches, they are requesting $20k for each unit from Tarion, then topping up the rest of the refund amount through Trisura's insurance policy. MNP seem to be the middlemen who are dealing with both Trisura and Tarion to calculate how much to pull from each party, before they finalize the amount to send to us. I wish it was a lot quicker, but I wouldn't stress about anything nefarious happening. Just typical bureaucratic bs.
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I think you are right, but the way MNP asked for documents and stuff I thought we might get our funds back in few weeks.
 
Babanaik said:
I think you are right, but the way MNP asked for documents and stuff I thought we might get our funds back in few weeks.
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Yeah, I would've loved if it was only a few weeks :( . I had a coworker who bought in Elevate condos in Kitchener, they also went into receivership under KSV. He submitted docs back in January or something but hadn't gotten any correspondence a couple months later. I'm not in contact with him anymore so I don't know when he ultimately got the money back but it was at least a couple months.
 
Update, I am told my cheque been delivered 3 days ago which I haven't received yet. Let's see when I will receive
 
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