Quote:
Originally Posted by zahav
I've never heard of the developer, and their website brings up a virus/phishing warning, my computer won't even let me go to it lol. They probably were amateurs or crooks or both, and project is stalled. It is marketed by Rennie though, who should have known better. Not a good look for a high profile brokerage like that to be a part of some sketchy developer and an orphan development site with a crane. They should have brought in one of their developer friends to take over, god knows they are well connected in the industry
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The developer, Everest, are from Alberta, and have developed several projects in the past 20 years. They seem to have US and Canadian schemes, so may have over-reached just as covid and rising interest rates have hit several development companies. They must have pre-sold enough to start construction, as they'll be almost certainly be relying on bank financing like almost every other developer, so Rennie's work was done before construction started.
The warning about their website is because the security certificate has lapsed - you would have seen the same message on this website three days ago! It may mean nothing, and certainly doesn't mean they're amateurs or 'crooks'.