Sale and Investment Solicitation Process (SISP)
Learn what a SISP is in Canadian real estate and finance — how court-monitored sales processes help resolve distressed asset situations.
June 09, 2025
What is a Sale and Investment Solicitation Process (SISP)?
A Sale and Investment Solicitation Process (SISP) is a formal court-supervised method of marketing, selling, or refinancing distressed assets during insolvency or restructuring proceedings.
Why a Sale and Investment Solicitation Process Matters in Real Estate
In Canadian commercial real estate and corporate finance, a SISP ensures transparency and fairness when creditors seek recovery through asset disposition.
A SISP typically includes:
- Marketing the asset to potential buyers/investors
- Establishing bid deadlines and terms
- Evaluating offers with court oversight
- Facilitating asset sale, investment, or restructuring
It may be initiated under the Companies’ Creditors Arrangement Act (CCAA) or Bankruptcy and Insolvency Act (BIA).
Understanding SISP is essential for investors, lenders, and professionals navigating distressed asset acquisitions.
Example of a SISP in Action
Following a retailer’s insolvency, the court approves a SISP to evaluate bids for its owned distribution centre and leasehold interests.
Key Takeaways
- Court-approved process to market and sell assets
- Ensures fairness in insolvency situations
- Used in real estate and corporate restructuring
- Attracts buyers and investors to distressed assets
- Common in CCAA and BIA proceedings
Related Terms
- Insolvency
- Receivership
- CCAA
- Commercial Property
- Bankruptcy and Insolvency Act
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National average resale-price growth and housing-starts growth, smoothed over three months. The comparison illustrates the cycle; it does not establish how much a price change causes construction to change.
Trailing 12-month starts in centres of 50,000 or more remove the usual monthly seasonality. Ownership combines the homeowner and condominium categories; rental is shown separately.
Six-month averages of provincial starts, expressed at annual rates. The smoothing reduces the influence of individual apartment projects.
The same August benchmark compared with two different starting points. Three-month changes are not annualized.
Average sale prices show the difference in purchase costs across markets. They do not measure affordability relative to local incomes or construction costs.
Newfoundland and Labrador remains above its pre-pandemic sales pattern, but August activity was below last year. Historical lines retain their original release vintages.
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