Proceedings.

Beta View Homes Ltd. and Lumina Eclipse Limited Partnership

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Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
Court
Supreme Court of British Columbia
File
S-250121
Industry
Real estate · Residential development
Filings held79
Last activity16 Sep 2026
On the record666 days
OverviewSummary updated

Beta View Homes Ltd., together with Lumina Eclipse Limited Partnership, Lumina Eclipse GP Ltd. and D-Thind Development Beta Ltd., has been under CCAA protection in the Supreme Court of British Columbia, Vancouver Registry, since January 8, 2025. The proceedings have been directed at completing the Eclipse Project, with construction advanced by Brasfield in consultation with the Monitor and KingSett and funded by interim financing borrowings of $18,661,750 as at the Monitor's Seventh Report. Sale process orders were granted on April 16 and October 17, 2025, and an approval and vesting order followed on April 8, 2026. Unit Transactions began closing on April 27, 2026; 66 pre-sale units had closed as of May 1, 2026, with a further 123 scheduled to close by May 11, 2026. The case remains active.

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Case updates80 dated entries
#Report

The officer filed report no. Ninth Report. The Monitor continues to oversee completion of the Lumina Eclipse development and closing of remaining pre-sale units, with KingSett funding operations via an interim financing facility while facing an anticipated shortfall on its debt.

Source: Ninth Report of the Monitor dated August 18, 2026

AnalysisAll insights⁠

Guide

What happens to your deposit if your builder goes bankrupt in Canada

When a Canadian builder goes bankrupt or into receivership, buyers of condos, new homes and presales have paid deposits that may be in trust, insured or already spent. How Tarion, deposit insurance and the trust rules work in Ontario, British Columbia, Alberta and Québec, what a receiver can do with your purchase agreement, and how deposits come back, drawn from the court record.

Case update

Lumina Eclipse: the 39 presale contracts a CCAA stay could not revive

On August 25, 2026, Justice Masuhara held that 39 presale agreements in a Burnaby condominium tower, about $30.5 million in purchase prices, had become unenforceable under s. 23 of REDMA before KingSett's CCAA filing, and that the stay orders could not make them enforceable again. On September 3 he stripped the priority from approximately $2.5 million in unpaid pre-filing sales commissions that KingSett says it had already funded.

Parties

Debtor

Beta View Homes Ltd. and Lumina Eclipse Limited Partnership

Applicant

KingSett Mortage Corporation

Monitor

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MasuharaSupreme Court of British Columbia11 orders, Jan 2025 – Jul 202621 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorKSVBennett Jones LLP21 Jul 2026Application · 21 Jul 2026
CreditorA & B Tool Rentals LtdSportschuetz & Company Law Corporation22 Apr 2026Application · 22 Apr 2026
CreditorAlixPartners Restructuring, IncBennett Jones LLP21 Jul 2026Service list · 21 Jul 2026
Creditorapplication (s)ATAC Law Corporation7 Apr 2026Application · 7 Apr 2026
CreditorAVI Masonry LtdRaj Dhillon Law Corporation22 Apr 2026Application · 22 Apr 2026
CreditorClearbrook Iron Works LtdBaker Newby LLP22 Apr 2026Application · 22 Apr 2026
CreditorD-Thind Development Beta LtdMcQuarrie Hunter LLP22 Apr 2026Application · 22 Apr 2026
CreditorGovernment of British Columbia – Ministry of Finance Receivables Management OfficeLawson Lundell LLP22 Apr 2026Application · 22 Apr 2026
CreditorMidland Appliance LtdBorden Ladner Gervais LLP22 Apr 2026Application · 22 Apr 2026
CreditorOwners of Strata Plan EPS6882Bleay Both Uppal LLP22 Apr 2026Application · 22 Apr 2026
CreditorPetition Bryan GibbonsLawson Lundell LLP15 Jan 2025Application · 15 Jan 2025
CreditorRight Touch Construction LtdLawson Lundell LLP21 Jul 2026Service list · 21 Jul 2026
CreditorWestmount Guarantee Services IncLawson Lundell LLP22 Apr 2026Application · 22 Apr 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 casesJudgment registered against the Real Property (all 14 parcels) — Judgment obtained June 30, 2023; registered against title on/about December 16, 2024; Respondents did not disclose the judgment to KingSett prior to registration — debtor: Lumina Eclipse Limited Partnership and Beta View Homes Ltd. (Respondents) · as of 30 Jun 2023$12MPetition to the Court dated January 7, 2025
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured

9 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

Liquidation in progress — Remaining 68 Pre-Sale Contracts continue to represent a significant source of value; completing the Development and facilitating closing of the Pre-Sale Contracts remain critical objectives.Ninth Report of the Monitor dated August 18, 2026 · 18 Aug 2026

Parties solicited

3

Third Report of the Monitor dated July 9, 2025

AdvisorsRennie Marketing Systems (sale agent); Rennie & Associates Realty Ltd. (listing broker); McNeill, Lalonde and Associates Inc. (sale agent); Hong Win International Group Limited (sale agent)Ninth Report of the Monitor dated August 18, 2026
Closing termsVacant possession delivery and completion mechanics for each Purchased Unit under the applicable Sale Agreement, with Monitor's Certificate delivery vesting titleApproval and Vesting Order dated April 8, 2026
RecoveriesAs stated in the filings

Unsecured creditors: no recovery. KingSett short.EstimatedNinth Report of the Monitor · 18 Aug 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredKingSett—shortfallEstimatedper the monitorNinth Report of the Monitor · 18 Aug 2026
Unsecuredpre-filing unsecured claims of Pre-Filing Agents (unpaid Execution Commissions)—no recoveryEstimatedper the monitorNinth Report of the Monitor · 18 Aug 2026
Unsecuredsubordinate claims, including claims secured by the Collateral Mortgages and lien claims—no recoveryconditionalEstimatedper the monitorApplication Response of the Monitor · 4 May 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.

Estate financialsReported figures — never derived

Cumulative receipts

$137M

As at 23 Jul 2026Eighth Report of the Monitor dated July 23, 2026

Cash on hand

As at

Professional fees

As at

2 more reported figures

Each one as the filing states it, with its source.

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Documents
79 filings
DateDocumentFile
Service List as at September 16, 2026
  • Counsel Lawson Lundell LLP
PDF · Subscribers
Order Varying Distribution Order dated September 3, 2026PDF · Subscribers
Reasons for Judgement of Justice Morishita dated August 25, 2026
  • Presiding officer Justice Morishita
PDF · Subscribers
Ninth Report of the Monitor dated August 18, 2026
  • Operational summary The Monitor continues to oversee completion of the Lumina Eclipse development and closing of remaining pre-sale units, with KingSett funding operations via an interim financing facility while facing an anticipated shortfall on its debt.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Notice of Application dated August 18, 2026
  • Recovery outcome Entries: per unstated · Table missing:
PDF · Subscribers
Affidavit No. 3 of Daniel Pollack sworn August 17, 2026PDF · Subscribers
Application Response dated July 27, 2026PDF · Subscribers
Stay Extension Order dated July 27, 2026
  • Court Supreme Court of British Columbia, Vancouver Registry
  • Debtor names Lumina Eclipse Limited Partnership; Beta View Homes Ltd.; Lumina Eclipse GP Ltd.; D-Thind Development Beta Ltd.
  • Monitor AlixPartners Restructuring, Inc.
  • Monitor representative Andrew Froh
  • + 4 more extracted facts
PDF · Subscribers
Application Response of AGBC dated July 24, 2026PDF · Subscribers
Eighth Report of the Monitor dated July 23, 2026
  • Operational summary The Eighth Report provides an update on the CCAA proceedings and the Eclipse Project, reports on the Debtors' interim statement of receipts and disbursements (Jan 8, 2025 to Jul 21, 2026) and the Fifth Cash Flow Forecast (Jul 31, 2026 to Jan 31, 2027), summarizes the Monitor's activities since the Seventh Report, and sets out the Monitor's recommendations regarding a Stay Extension to January 31, 2027 and approval of the Monitor's activities.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Notice of Application of the Monitor dated July 21, 2026
  • Counsel Bennett Jones LLP
PDF · Subscribers
Service List as at July 21, 2026
  • Counsel Montreal Lawson Lundell LLP
PDF · Subscribers
Applicants Book of Authorities (Federal Paramountcy) dated June 15, 2026PDF · Subscribers
Applicants Book of Authorities dated June 15, 2026PDF · Subscribers
Application Response of the Attorney General of British Columbia dated June 8 2026PDF · Subscribers
Notice of Constitutional Question filed May 15, 2026PDF · Subscribers
Application Response of KingSett Mortgage Corporation dated May 4, 2026
  • Recovery outcome Entries: per unstated · Table missing:
PDF · Subscribers
Application Response of Westmount Services Inc. dated May 4, 2026PDF · Subscribers
Application Response of the Monitor dated May 4, 2026
  • Recovery outcome Entries: per estimated; per estimated · Table missing:
PDF · Subscribers
Seventh Report of the Monitor dated May 4, 2026
  • Cash on hand · Operational summary · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Affidavit No. 2 of Liping Ding affirmed April 30, 2026PDF · Subscribers
Affidavit of Karen Buquet sworn April 28, 2026PDF · Subscribers
Affidavit No. 1 of Masaki (Kevin) Matsumoto sworn April 24, 2026PDF · Subscribers
Affidavit No. 1 of Mohammed Nadali sworn April 24, 2026PDF · Subscribers
Affidavit No. 1 of Nazila Ghorbani sworn April 24, 2026PDF · Subscribers
Notice of Application of Purchasers of Units in Lumina Eclipse dated April 24, 2026PDF · Subscribers
Notice of Application of Purchasers of Units in Lumina Eclipse (SL74, SL111, and SL246) dated April 22, 2026
  • Counsel McQuarrie Hunter LLP
PDF · Subscribers
Approval and Vesting Order dated April 8, 2026
  • Closing terms Vacant possession delivery and completion mechanics for each Purchased Unit under the applicable Sale Agreement, with Monitor's Certificate delivery vesting title
  • Order date 8 April 2026
  • Presiding officer Justice Masuhara
  • Stalking horse Subscribers
PDF · Subscribers
Distribution Order dated April 8, 2026
  • Presiding officer Justice Mas
PDF · Subscribers
Affidavit of C. Wong affirmed April 7, 2026PDF · Subscribers
Affidavit of L. Ding affirmed April 7, 2026PDF · Subscribers
Affidavit of W. Wong affirmed April 7, 2026PDF · Subscribers
Application Response C. Wong, L. Ding & W. Wong dated April 7, 2026
  • Counsel ATAC Law Corporation
PDF · Subscribers
Notice to Lumina Eclipse Purchasers dated March 31, 2026PDF · Subscribers
Notice of Application of the Monitor dated March 30, 2026PDF · Subscribers
Sixth Report of the Monitor dated March 30, 2026
  • Operational summary Sixth Report provides an update on the status of these proceedings and the Eclipse Project, reports on the Debtors' interim statement of receipts and disbursements for the period January 8, 2025 to March 30, 2026, summarizes the Monitor's activities since the Fifth Report, and provides the Monitor's recommendations in respect of its application for the AVO and Distribution Order relief.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Ancillary Order dated December 19, 2025
  • Court Supreme Court of British Columbia
  • Court file no S-250121
  • Debtor names Lumina Eclipse Limited Partnership; Beta View Homes Ltd.; Lumina Eclipse GP Ltd.; D-Thind Development Beta Ltd.
  • Monitor KSV Restructuring Inc.
  • + 3 more extracted facts
PDF · Subscribers
Holdback Release Order dated December 19, 2025
  • Court Supreme Court of British Columbia
  • Debtor names Lumina Eclipse Limited Partnership; Beta View Homes Ltd.; Lumina Eclipse GP Ltd.; D-Thind Development Beta Ltd.
  • Monitor KSV Restructuring Inc.
  • Order date 19 December 2025
  • + 2 more extracted facts
PDF · Subscribers
Judgment Order dated December 19, 2025
  • Presiding officer Justice Masuhara
PDF · Subscribers
Lien Regularization and Claims Review Orderd ated December 19, 2025
  • Commencement date 8 January 2025
  • Court Supreme Court of British Columbia
  • Debtor names Lumina Eclipse Limited Partnership; Beta View Homes Ltd.; Lumina Eclipse GP Ltd.; D-Thind Development Beta Ltd.
  • Monitor KSV Restructuring Inc.
  • + 3 more extracted facts
PDF · Subscribers
Third Amended and Restated Initial Order dated December 19, 2025
  • Order date 19 December 2025
  • Stay expiry 31 July 2026
PDF · Subscribers
Application Response of The Owners, Strata Plan EPS 9599 dated December 12, 2025PDF · Subscribers
Application Response of the Attorney General of Canada dated December 12, 2025PDF · Subscribers
Affidavit #2 of Daniel Pollack filed December 9, 2025PDF · Subscribers
Notice of Application (Beta Ave - Judgment) filed December 9, 2025PDF · Subscribers
Fifth Report of of the Monitor dated December 8, 2025
  • Operational summary Construction at the Eclipse Project has moved into its final stages, with work focused on completing remaining Units, finalizing building systems, and preparing the building for occupancy; final occupancy and Pre-Sale Purchaser turnover expected end of January or early-February 2026, subject to typical construction variables and potential unforeseen delays including the Fire Alarm Tie-in.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Notice of Application of the Monitor dated December 8, 2025
  • Recovery outcome Entries: per liquidation_alternative; per liquidation_alternative · Table missing:
PDF · Subscribers
Notice to Lumina Eclipse Purchasers dated November 24, 2025PDF · Subscribers
Amended Sale Process Order dated October 17, 2025
  • Order date 17 October 2025
  • Presiding officer Justice Masuhara
  • Sale advisor McNeill, Lalonde and Associates Inc. (sale agent)
  • Break fee Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Requisition Resetting Application Hearing to October 17, 2025PDF · Subscribers
Fourth Report of the Monitor dated September 30, 2025
  • Operational summary Since the filing of the Third Report, Brasfield, in consultation with the Monitor and KingSett, has continued to make significant progress in advancing the Eclipse Project, including retention of critical trades and vendors, advancing building systems, suite interiors, common areas and amenities, and exterior work; substantial completion of the Eclipse Project is still estimated to occur in December 2025.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Notice of Application dated September 30, 2025PDF · Subscribers
Notice to Lumina Eclipse Purchasers dated September 18, 2025PDF · Subscribers
Stay Extension Order dated July 15, 2025
  • Court Supreme Court of British Columbia
  • Debtor names Lumina Eclipse Limited Partnership; Beta View Homes Ltd.; Lumina Eclipse GP Ltd.; D-Thind Development Beta Ltd.
  • Monitor KSV Restructuring Inc.
  • Monitor representative Andrew Froh
  • + 4 more extracted facts
PDF · Subscribers
Notice of Application dated July 9, 2025PDF · Subscribers
Third Report of the Monitor dated July 9, 2025
  • Operational summary Substantial completion of the Eclipse Project is estimated to occur in December 2025.
  • Process results 3 solicited · as of 9 Jul 2025
  • Cash on hand · Professional fees Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Notice to Lumina Eclipse Purchasers dated June 9, 2025PDF · Subscribers
Notice to Creditors dated April 23, 2025PDF · Subscribers
Creditor Listing as at April 16, 2025PDF · Subscribers
Sale Process Order dated April 16, 2025
  • Order date 16 April 2025
  • Presiding officer Justice Masuhara
  • Sale advisor Rennie Marketing Systems (listing broker)
  • Break fee Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Sealing Order dated April 16, 2025
  • Court Supreme Court of British Columbia
  • Debtor names Lumina Eclipse Limited Partnership; Beta View Homes Ltd.; Lumina Eclipse GP Ltd.
  • Monitor KSV Restructuring Inc.
  • Order date 16 April 2025
  • + 2 more extracted facts
PDF · Subscribers
Second Amended and Restated Initial Order dated April 16, 2025
  • Order date 16 April 2025
  • Presiding officer Justice Masuhara
  • Stay expiry 18 July 2025
PDF · Subscribers
Notice of Application dated April 15, 2025PDF · Subscribers
Supplement to the Second Report of the Monitor dated April 15, 2025
  • Report date 15 April 2025
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Notice of Application dated April 8, 2025PDF · Subscribers
Second Report of the Monitor dated April 8, 2025
  • Operational summary The Second Report provides an update on the CCAA proceedings, the Eclipse Project, the Debtors' cash flow forecast for April 7 to July 20, 2025, the Monitor's activities since the ARIO, and recommendations regarding the Sale Process Order, Second ARIO (Stay Extension), and Sealing Order.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Amended and Restated Initial Order dated January 16, 2025
  • Order date 8 January 2025
  • Presiding officer Justice Masuhara
  • Stay expiry 4 April 2025
PDF · Subscribers
Affidavit #1 of Tom Reeves made January 15, 2025PDF · Subscribers
Response to Petition of Westmount West Services dated January 15, 2025
  • Counsel Lawson Lundell LLP
PDF · Subscribers
First Report of the Monitor dated January 14, 2025
  • Operational summary Since the Filing Date, the Monitor secured the Debtors' bank accounts, corresponded with the Debtors' management, Thind, insurance broker, Bennett Jones, KingSett, Osler, and Brasfield, prepared and distributed notices to presale purchasers and creditors, filed required CCAA forms, arranged publication of the CCAA notice, corresponded with the BCFSA, and reviewed KingSett's Comeback Application materials.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Notice to Creditors dated January 14, 2025PDF · Subscribers
Notice of Application dated January 13, 2025PDF · Subscribers
Notice to Brentwood Tower C Purchasers dated January 11, 2025PDF · Subscribers
Creditor Listing as at January 8, 2025PDF · Subscribers
Initial Order dated January 8, 2025
  • Applicant KingSett Mortgage Corporation
  • Appointee KSV Restructuring Inc.
  • Appointee role Monitor
  • Charges Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Notice of Hearing dated January 7, 2025PDF · Subscribers
Petition to the Court dated January 7, 2025
  • Applicant KingSett Mortgage Corporation
  • Appointee KSV Restructuring Inc.
  • Appointee role monitor
  • Commencement date 7 January 2025
  • + 5 more extracted facts
PDF · Subscribers
Report of the Proposed Monitor dated January 7, 2025
PDF · Subscribers
Affidavit #1 of Daniel Pollack sworn January 6, 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., “Beta View Homes Ltd. and Lumina Eclipse Limited Partnership” (CCAA), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/beta-view-homes-ltd-and-lumina-eclipse-limited-partnership

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Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/beta-view-homes-ltd-and-lumina-eclipse-limited-partnership

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.