A rendering of the Willoughby townhouse project planned for 20335 70A Avenue in Langley.

Quarry Rock's The Willoughby In Langley Sold For $35M Through Receivership

The 20335A 70A Avenue property in Langley, where Quarry Rock Developments was planning an 87-unit townhouse project, was placed under receivership in November.


Ottawa Shopping Mall Makes A Comeback From Receivership Order Issued In June

As far as receiverships go, things have taken an atypical turn for the Ottawa Train Yards, which were involved in an appointment order in early June amid allegations of a $40M debt.


Failed Sale, $49M Debt Push Slate-Owned Burnaby Office Towers Into Receivership

​The subject property of the receivership against Slate Asset Management is the "Golden Towers" office complex at 4330 Kingsway in Burnaby.


Buyer Found For Vandyk’s King’s Mill Site Under Receivership

As part of the sale of the property to PAD Investments Ltd., it appears that existing pre-sale agreements will be terminated per a notice sent to buyers of The King’s Mill project on June 28.

Development Projects

Three Ashcroft Homes Properties Placed Under Receivership After Developer Defaults On $6.5M In Loans

Three Ashcroft Homes properties totalling 600 residential units and 38,000 sq. ft of retail space were placed under receivership after management struggled to lease out approximately 40% of the retail space across the three buildings.


Developer Behind Richmond Hill Townhome Project Owing $22.5M In Receivership

The receivership order over King Development Inc. extends to include a stacked and freehold townhome development at 8, 10, 12, 14, 16, and 18 Bostwick Crescent, and 2, 6, and 8 Bond Crescent in Richmond Hill.