are still waiting for refunds for homes they paid for two years ago but then found out that the homes would be smaller and delayed for up to two years.
Cheques were made available to buyers over the weekend but they were then told not to cash them Monday in case they bounced.
TheStar.com reports that the developer says it is not having financial problems but that a mix up at the bank caused the latest issue. Urbancorp says that all cheques will be cleared by Wednesday.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Weymouth Falls, Barrington, Whitewood, Saint-André-d'Argenteuil, Southey
Around 20 buyers of Urbancorp’s Val Homes project in Etobicoke to the west of