The Ontario courts have appointed a receiver over unsold units within a boutique condominium building in South Etobicoke. And the proceedings have a familiar name attached. According to court documents, the debtors are part of the once-illustrious Vandyk Group of Companies. Receivership proceedings ...| Storeys
The Vandyk name continues to crop up in Ontario court filings as receivers take next steps, ranging from wrapping up construction on projects that have been left in a lurch — like we saw with the Lakeview DXE Club project in Mississauga — to offloading them to the highest bidder, as was the case wit...| Storeys
Understand receivership in Canadian real estate: when it’s used, how it works, and what it means for borrowers, lenders, and distressed assets.| Storeys
Explore how mortgages work in Canadian real estate, what terms they include, and how buyers qualify, repay, and manage home loans.| Storeys
Real estate developer Vandyk Properties is staring down the barrel of a receivership as lenders seek to recover more than $203M owed in relation to a number of development projects.KingSett Mortgage Corporation and Dorr Capital Corporation filed an application on Monday requesting that a receivershi...| Storeys
As the Vandyk Group of Companies continues to come apart at the seams, real estate investors will soon have their pick of the development group's portfolio.Earlier this month, the Ontario courts granted formal approvals for the sales of Vandyk-affiliated sites across the Greater Toronto Area, includ...| Storeys
The Vandyk Group of Companies has been slammed with (at least) half a dozen separate receivership orders over the past five months, and probably the most high profile of the bunch involves Grand Central Mimico: an over two-acre, transit-oriented, high-rise development site at 23 Buckingham Street in...| STOREYS