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
Explore what a deposit means in Canadian real estate transactions, how much is typical, and why it’s a vital part of making a serious offer on a home.| Storeys
The Van Mills Centre retail plaza was owned by Vandyk Properties and was placed under receivership in February 2024.| Storeys
The Elevate project at 1333 Weber Street E in Kitchener was being developed by Pamata Hospitality Inc. before it was placed under receivership in October 2023.| 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
Court documents from May detail development management contracts that would have a sub-brand of Elm Developments oversee the remainder of the projects.| Storeys