receivership
Listed Commercial
Dimex Group 1289 Nicola Project In Vancouver Facing Receivership Sale
The project was being developed by Dimex Group at 1289 Nicola Street in Vancouver, near Sunset Beach.
Feb 12, 2025
Multifamily
Brampton Development Site Planned For 3 Towers Sold Under Receivership
With over $10M in debt linked to the property by late 2023, the site was placed under receivership on February 8, 2024.
Industry
Owing $100M, Landmark Premiere Faces Receivership On Shawn Oaks In Vancouver
For the Shawn Oaks site at 5505-5585 Oak Street in Vancouver, Landmark Premiere Properties was planning over 600 units.
Multifamily
Landa Global To Buy Vancouver Modus Project Under Receivership For $10.6M
The Modus project planned for 7576 Granville Street in Vancouver was being built by Centred Developments before it was placed under receivership in May 2024.
Canopy Towers Celebrates Community And Connectivity In Mississauga
On Victoria Day, Liberty Development hosted a community celebration on-site at Canopy Towers, welcoming partners, homebuyers, and special guests to mark several major project milestones.
Industry
STOREYS' Newsmaker Of The Year: The Receiver
Insolvencies have been both a predominant and underlying theme across the real estate industry this year.
Real Estate News
Ashcroft Homes Denied After Attempting To Discharge Ottawa Receivership
The Ottawa-based developer secured new financing to clear $6.5M in debt and climb out of receivership in mid-September, but was ultimately denied in late-November.
Industry
Thind Facing Two More Receiverships, Owes $220M To KingSett
The receivership application was filed by KingSett Capital against Thind's Highline and Minoru Square projects.
Office
City Of Burnaby Pays $65M For Metrotown Place Office Towers Under Receivership
The Metrotown Place office towers at 4330 Kingsway and 5945 Kathleen Avenue in Burnaby were owned by Slate Asset Management when it was placed under receivership.
Listed Commercial
Lawrence Manor Townhome Project In Receivership Listed By Colliers
The "highly desirable" development site boasts 19,226 sq. ft of redevelopment land approved with NOAC for a 25-unit townhouse project.
Listed Commercial
Vaughan Development Site In Receivership Listed By Colliers
A Vaughan mid-rise residential development site dubbed the "Marquis Condominium," which entered into receivership back in May, was recently listed for sale by Colliers for an unlisted price.
Retail
Vandyk-Owned Van Mills Retail Centre In Mississauga Sold Via Receivership
The Van Mills Centre retail plaza was owned by Vandyk Properties and was placed under receivership in February 2024.
Listed Commercial
Brampton, Caledon Development Lands In Receivership Listed By JLL, RE/MAX
The lands were placed under receivership on June 26 amid allegations that the site owner was indebted to its senior secured lenders in the ballpark of $90M.
Sold
Scarborough Office Building Sold A Year After Receivership
The building was subject to receivership proceedings after The Bank of Nova Scotia went to the Ontario courts over an alleged default of $26.6M.
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