Planned to include just under 750 units, The Buckingham by Vandyk Properties was set for 23 Buckingham Street in Etobicoke and was placed under receivership in January 2024.| Storeys
Learn what insolvency means in Canadian real estate: how it’s defined, how it differs from bankruptcy, and what legal frameworks manage it.| 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
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