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
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
It’s been four months, nearly to the day, since the Ontario courts granted formal approval for the sales of 10 Vandyk Group sites across the Greater Toronto Area. Of those sites approved for sale was 15 Neighbourhood Lane in South Etobicoke, which is home to a partially constructed, 10-storey mid-ri...| STOREYS
A judge is set to review an approval and vesting order this week in respect of 41 Wabash Avenue: the site of a proposed 15-unit townhome project from the Vandyk Group of Companies. The development site in the heart of Roncesvalles, on the corner of Wabash and Sorauren avenues, is one of a dozen that...| STOREYS