Receiver appointed to five more Toronto-area housing projects
Troubles for developer Vandyk Properties continue in 2024 as delayed orders to appoint a receiver on more of its building projects have come into effect
Source: theglobeandmail.com
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Vandyk Properties faces demand to place properties into receivership
The insolvency application covers five projects in the Greater Toronto Area, which include 1,757 unbuilt homes in a mix of apartments, townhomes and detached houses
Source: theglobeandmail.com
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Toronto builder's projects stalled as legal woes mount
Vandyk Properties has secured hundreds of millions of dollars in loans to rapidly expand in recent years, but work on a half-dozen Vandyk projects has stalled
Source: theglobeandmail.com