Deposit protection for freehold preconstruction properties.

Monday Jan 1st, 2024

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In our previous blog we have discussed the details of deposit protection for preconstruction condominiums. In this blog we will talk about the deposit protection for preconstruction freehold properties, and how it differs from the deposit protection for condominiums. To recap the condominium deposits are protected by: Tarion up to $20,000. Developer is required to keep the deposits in trust but can use the funds if the funds are insured by Excess Condominium Deposit... [read more]

Vandyk Properties in Receivership.

Sunday Dec 3rd, 2023

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  This blog will be updated as the new information becomes available. March 2024. Highgrove II Vandyk development project which was meant to be approximately 30 townhomes is now for sale. On mls the property owner is listed as a capital management company, not Vandyk. January 2024. Appointment of the receivership for 41 Wabash property, for reference please see the link to the advertising materials. KSV Restructuring Inc. confirms the deposits for DMX and King’s... [read more]

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Kate and Peter Kozikowski

REAL ESTATE SALES REPRESENTATIVES

Right At Home Realty, Brokerage

Kate Direct:  (416) 219-7493 

Peter Direct: (647) 280-9384 

Office: (905) 953-0550

Email: kozirealty@gmail.com

 

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