Industry
Industry
"Defiant" Owner Of 55 Dundas Forces BMO To Settle Receivership For $8M
The company that owns 55 Dundas, 11603531 Canada Inc., was placed under receivership in November at the request of BMO.
May 17, 2024
Industry
Edmonton UDI And CHBA Merge To Form BILD Edmonton Metro
UDI – Edmonton Metro CEO Kalen Anderson has been named BILD Edmonton Metro's inaugural CEO.
Industry
A Towering Achievement: Tridel Celebrates 90th Anniversary (With More Toronto Development Plans)
Tridel has been in the game for nearly a century and has built enough homes to house a mid-sized city over that timespan. The pioneering Toronto real estate developer was even among the first in Canada to embrace the then-new condominium model in the mid-20th century.
Industry
BC Housing Granted Foreclosure Of Affordable Housing Project Over $18M Debt
The Olympic Villas affordable housing project, located at 4010 Walters Street in Merritt, completed in November 2022 with $16.6M in low-interest financing from BC Housing.
‘A Deep-Rooted Focus’: Averton Enters Alberta And Ontario Purpose-Built Rental Markets
"We appreciate that the homes we build, and the communities we develop, are the backdrop to our customers’ everyday experiences," says Averton President and CEO Paul Lanni. "This is something we don’t take for granted, and the pursuit of excellence is what fuels us.”
Industry
Owner of Mississauga Housing Development Files For Creditor Protection Citing $54M In Liabilities
According to an initial order filed with the Ontario courts on May 3, 2024, Clarkson Road Holdings et al. — owners of a residential development project located in Mississauga — have obtained protection under the Companies' Creditors Arrangement Act (CCAA).
Industry
The Sophia Rental Project In Vancouver To Be Sold In Foreclosure Proceedings
The Sophia was a 9-storey rental building that was set for 304 E 1st Avenue in Vancouver, near the future Great Northern Way–Emily Carr Station.
Industry
Sale Of Garibaldi At Squamish Approved Following Provincial Objection
The planned Garibaldi At Squamish ski resort project was placed under receivershp in December 2023 and was set to be sold in March before the Province stepped in.
Industry
27-Unit Townhome Project In Ajax Under Receivership After Failed Attempt To Sell
The Ontario courts have granted a receivership order over a real estate holding company known as Ajax Meadows, which is linked to a 27-unit townhome development off of Rossland Road.
Listed Commercial
Marvel Group's 3-Building North Vancouver Project To Be Sold Over $47M Debt
The foreclosure proceedings were initiated against Marvel Group last year and the property was recently listed for sale by CBRE.
Construction
‘A Lull In The Market’: High-Density Land Sales Plunge To A 10-Year Low In GTA
According to data from Colliers and Altus Group, there have been just 20 transactions as of the first quarter of 2024, putting annualized sales in the territory of 2009.
Industry
King Square Shopping Centre In Markham Under Receivership Over $52M Debt
The King Square Shopping Centre in Markham opened in 2019 and a hotel was also planned for the mall's surface parking lot.
Industry
Brantford's Cordage Heritage District Placed Under Receivership Over $12M Debt
The owner of the Brantford property, 111 Sherwood Investments Inc., was placed under receivership earlier this month at the request of NHE Capital Corp.
Industry
Slam Dunk: Ballin' Out For Charity Raises $111,000 For MLSE
The Second Annual Ballin' Out for Charity event united Toronto's real estate industry in friendly competition.
Load more