Toronto builder’s projects stalled as construction woes mount
Unpaid contractors and unsatisfied buyers are demanding answers from a Toronto-area developer that is years behind on delivering multiple condominium projects.
Vandyk Properties and owner John C. Vandyk have a decades-long history of building primarily low- and mid-rise residential multifamily projects. According to court records, in recent years it has secured hundreds of millions of dollars in loans to rapidly expand. But work has stalled on a half-dozen Vandyk projects.
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