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Urbancorp - No Longer in Business

General Contractors
Toronto ON M4T 1N5
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CEA
CEA
17 reviews Toronto, ON
2/10

Townhome

BUYER BEWARE !! Slick marketing, but you won't get anything of this.. Lots of bait & switch, not just in finishes but SIGNIFICANT structural details.. The Sales Agreement has ZERO connection to the marketing glossies and showroom.. Do not expect them to deliver per marketing, and you will be content.. Other developers do not disclose much; but URBANCORP L1ES !! Try to amend the Sales Agreement to link this to the marketing material, they won't let you.. WHY ??

Notice if the floor plan shows room sizing, because it's interesting they tell you the total sq ft of your unit, but never show where it came from.. Make sure the room sizes are on the Sales Agreement, not only in marketing..

Talk to owners of the Queen East towns.. Lots of downgrading specs, mechanical rooms doubling, loss of gas fireplace, missing top deck..

The Riverdale project is already SIX months occupancy and counting !!

The Reassignment clause is under Urbancorp's terms.. They won't approve your Reassignment unless they can sneak in extra terms in their favor eg: forfeit Delayed Closing Compensation..

Approximate cost of services:
$770,000.00
What could this company do to improve their services?
BE TRUTHFUL in marketing.. Don't L1E.. FULLY DISCLOSE.. Stop treating your customers like they are dirt.. Sexy designs don't allow you to mislead people.. Honesty and accuracy will boost your business profile more than sexy designs with unethical builds..
Any advice to offer fellow homeowners facing a similar project?
Review Schedule "A" of the Sales Agreement.. KNOW where the holes are.. Have ALL important facets explicitly stated on the Sales Agreement amendment.. Do not be content with your lawyer or realtor saying "this is the norm, it's fine"; just because it's normal in the industry it does not mean you'll get what you expect.. Avoid talking to agents about Urbancorp, talk to end-user buyers..
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