Bastian Holdings Ltd., Krystle Holdings Ltd., Whitewater Steelers Reinforcing Ltd., Skaw Properties Ltd., 207 – 53 West Hastings Holdings Ltd., 27222 Lougheed Highway Holdings Ltd., 1226745 B.C. Ltd., and 1226734 B.C. Ltd.
- Proceeding
- Receivership (court-appointed)Section 39 of the Law and Equity Act, RSBC 1996 c 253
- File
- VLC-S-S-265911
- Industry
- Construction · Specialty trade contractors
Bastian Holdings Ltd. is one of eight related companies subject to an active court-appointed receivership under section 39 of the Law and Equity Act, RSBC 1996 c 253, together with Krystle Holdings Ltd., Whitewater Steelers Reinforcing Ltd., Skaw Properties Ltd., 207 – 53 West Hastings Holdings Ltd., 27222 Lougheed Highway Holdings Ltd., 1226745 B.C. Ltd. and 1226734 B.C. Ltd. BDO Canada Limited is both applicant and appointee, acting as receiver and manager, under court file no. VLC-S-S-265911. A Form 87 filed for 207 – 53 West Hastings Holdings Ltd. lists secured claims of $269,000 owing to First West Credit Union, $1,275 to the City of Vancouver, and $1.00 to Beckingham Holdings Inc., the last shown as "Unknown" in the body of the form. Seven unsecured creditors of that company, including the Canada Revenue Agency, BC Hydro, Fortis BC, Telus and the Ministry of Finance, are each carried at an estimated $1.00.
Form 87 – Notice and Statement of the Receiver – Whitewater Steelers Reinforcing Ltd. — Notice to creditors
Form 87 – Notice and Statement of the Receiver –207 – 53 West Hastings Holdings Ltd. — Notice to creditors
Form 87 – Notice and Statement of the Receiver –27222 Lougheed Highway Holdings Ltd. — Notice to creditors
Response to Petition of Barry Charles Holding Ltd. (Filed August 21, 2026) — Response / objection pleading
Guide
Power of sale vs foreclosure vs receivership in Canada
When a Canadian borrower stops paying a mortgage, the lender can sell the property itself, ask a court to foreclose, or have a receiver take control. How the routes differ by province, what each means for owners and tenants, and how long a receivership takes, drawn from the court record.
Filing brief
Bastian Holdings: the trustee holds the shares, and now the companies
BDO Canada Limited, trustee in the personal bankruptcies of Craig and Kyle Smith of the former Whitewater Concrete group, had itself appointed receiver of eight of their holding and property companies under s. 39 of the Law and Equity Act on August 26, with a first-ranking charge and $500,000 of borrowing power, while the court-ordered sale of a Maple Ridge waterfront plant listed at $25,999,000, which BDC argued the receivership could complicate, stays with its mortgagees.
Debtor
Bastian Holdings Ltd., Krystle Holdings Ltd., Whitewater Steelers Reinforcing Ltd., Skaw Properties Ltd., 207 – 53 West Hastings Holdings Ltd., 27222 Lougheed Highway Holdings Ltd., 1226745 B.C. Ltd., and 1226734 B.C. Ltd.
Receiver
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | First West Credit Union · in 5 casesEstimated balance owing per Appendix A — debtor: 207 – 53 West Hastings Holdings Ltd. | $269K | Form 87 – Notice and Statement of the Receiver –207 – 53 West Hastings Holdings Ltd. |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
9 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale process approved — Mortgaged Property to be offered for sale by private sale, with conduct of sale to the Petitioners, any sale subject to court approvalConduct of Sale (Filed May 28, 2026) · 28 May 2026
Unsecured creditors: paid in full.EstimatedPetition to the Court (filed August 7, 2026) · 7 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | creditors of the Lougheed Property | — | paid in full | Estimatedper the trustee | Petition to the Court (filed August 7, 2026) · 7 Aug 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
| Date | Document | File |
|---|---|---|
Form 87 – Notice and Statement of the Receiver – 1226745 B.C. Ltd.
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver – Bastian Holdings Ltd.
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver – Krystle Holdings Ltd
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver – Skaw Properties Ltd.
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver – Whitewater Steelers Reinforcing Ltd.
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver –1226734 B.C. Ltd.
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver –207 – 53 West Hastings Holdings Ltd.
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver –27222 Lougheed Highway Holdings Ltd.
| PDF · Subscribers | |
Receivership Order (August 26, 2026)
| PDF · Subscribers | |
| Affidavit #1 of Valerie Lock filed August 24, 2026 | PDF · Subscribers | |
| Response to Petition of BDC (Filed August 24, 2026) | PDF · Subscribers | |
Affidavit #1 of Todd Scarlett filed August 21, 2026
| PDF · Subscribers | |
| Response to Petition of Barry Charles Holding Ltd. (Filed August 21, 2026) | PDF · Subscribers | |
| Notice of Hearing (filed August 12, 2026) | PDF · Subscribers | |
| Foreclosure Action (Filed August 8, 2026) | PDF · Subscribers | |
First Report of the Receiver (filed August 7, 2026)
| PDF · Subscribers | |
Petition to the Court (filed August 7, 2026)
| PDF · Subscribers | |
Conduct of Sale (Filed May 28, 2026)
| PDF · Subscribers | |
| Order Nisi (Filed May 28, 2026) | PDF · Subscribers | |
| Affidavit #1 of Alan Long filed August 8, 2025 | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Bastian Holdings Ltd., Krystle Holdings Ltd., Whitewater Steelers Reinforcing Ltd., Skaw Properties Ltd., 207 – 53 West Hastings Holdings Ltd., 27222 Lougheed Highway Holdings Ltd., 1226745 B.C. Ltd., and 1226734 B.C. Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/bastian-holdings-ltd-krystle-holdings-ltd-whitewater-steelers-reinforcing-ltd-sk