Restaurant and marina are sold for $4 million| Sarasota Herald-Tribune
Long-standing fraud allegations have finally come to a head for Wynn Realty Corporation. The Uxbridge-based brokerage was placed into receivership on October 25, more than two years after agents with the company reportedly swindled $1.9M in real estate deposits.Alongside Wynn, the receivership order...| Storeys
Learn what a closing date is in Canadian real estate, what happens on that day, and why it’s critical to a successful home purchase or sale.| Storeys
The site at 39 Newcastle Street is part of a series of Toronto-Area addresses that were placed under receivership in late-2023 as Vandyk Properties fell into severe financial distress.| Storeys
On the southwest corner of High Park Avenue and Annette Street — right on the border between the neighbourhoods of High Park and The Junction — it’s hard to miss the High Park Alhambra Church. For one, it’s a striking structure: more than a century old, built in Collegiate Gothic Revival style, and ...| Storeys
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
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
This week brought the final nail in the coffin for a company owned by John Vandyk: Founder, President, and CEO of Vandyk Properties. Home Trust Company is alleging that Vandyk-Backyard Humberside Limited is in default of a $10M loan, and requested the company be placed under receivership earlier thi...| 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 Lakeview DXE Club project at 1345 Lakeshore Road East in Mississauga was placed under receivership in November, along with several other Vandyk projects.| 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