North York City Council has approved a request to have the home of Barry and Honey Sherman demolished.

A representative of the billionaire couple's family told The Canadian Press the home will be demolished in three to four weeks.

The demolition permit for 50 Old Colony Rd. was submitted by a family representative on Feb. 11, 2019.

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Barry and Honey Sherman were found dead in the lower pool area of their North York mansion on Dec. 15, 2017. At the time of their death, the couple was in the midst of selling their home. Their bodies were found by a real estate agent.

Due to no signs of forced entry, police initially suspected a murder-suicide. After hiring their own investigators, the Sherman family concluded that the Shermans were murdered. Toronto police officially ruled the deaths as a double homicide in late January 2018.

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The Shermans' mysterious murder has gained international coverage not just due to the strange circumstances, but also due to the couple's affluence. Barry was the founder and CEO of the pharmaceutical manufacturer, Apotex, and Honey was a well-known philanthropist.

More than a year after their death, police have yet to make an arrest in connection to the couple's murder.

Real Estate News