Industry

A rendering of Pace Development's Urban North Townhomes planned for Barrie, Ontario.
Industry

Pace Developments Debt On Urban North Townhomes Exceeds $250M, Project To Be Sold

The receivership was initiated by KingSett, who was owed $47M, but the receiver has since revealed debt to other secured and unsecured creditors.

Industry

2024 Expected To See Fewest GTA New Condo Sales In Two Decades

The latest Bullpen Research’s GTA High-Rise Land Insights Report for Q1 2024 highlights the challenges facing the region’s condo developers as they face some of the lowest sales this century.

Industry

This Canadian Software Service Is Modernizing The Home-Hunting Experience

After years of frustration about the real estate industry's lagging behind in the tech sphere, Planpoint co-founder Laurent Cardinal decided to take matters into his own hands.

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.

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.

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.