Bronte Lakeside condominium project

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Proceeding: Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
Court: Ontario Superior Court of Justice
File: CL-25-00753553-0000

Filings held20

Last activity7 Apr 2026

On the record293 days

Secured debt$18.5M

OverviewSummary updated 7 August 2026

Bronte Lakeside Ltd., registered owner of the Bronte Lakeside condominium project property, has been under court-appointed receivership in Ontario since December 2, 2025, on an application under s. 243 of the BIA. CMLS Financial Ltd., the applicant and senior secured creditor, holds a first collateral mortgage registered December 18, 2024 in the registered principal amount of $19,100,000, plus a general security agreement, a general assignment of rents and leases, and assignments of insurance, material agreements and a purchase agreement; its September 11, 2025 demand letter put indebtedness at approximately $18,515,023.50 as of September 10, 2025, excluding professional fees and net of a $625,581.09 interest reserve credit. Also registered on title are Town of Oakville tax arrears of $114,239.55 as of October 2, 2025 and $175,317.82 per a March 19, 2026 tax certificate, and construction liens by Trak International Green Energy Resources Inc. ($539,671), Brooklyn Contracting Inc. ($215,121), TM Platforms Inc. ($75,639) and OBW Equipment Inc. Westmount Guarantee Services Inc., Aviva and Liberty Mutual hold PPSA registrations over purchaser deposits under a June 23, 2022 deposit trust agreement with Chaitons LLP as escrow agent.

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Case updates21 dated entries

7 Apr 2026

#Order

Endorsement of Justice Black dated April 7, 2026 — Endorsement / reasons

Judge	Court	On this docket	Cases on record
Justice Dietrich	Ontario Superior Court of Justice	3 orders, Nov 2025 – Dec 2025	89 cases on record
Justice Black	Ontario Superior Court of Justice	2 orders, Apr 2026	176 cases on record

Party	Counsel	First seen	Source
ReceiverAlbert Gelman	Lerners LLP	7 Apr 2026	Order · 7 Apr 2026
ApplicantCMLS Financial	Blaney McMurtry LLP	19 Nov 2025	Application · 19 Nov 2025
DebtorBronte Lakeside condominium project	Be Law LLP	19 Nov 2025	Affidavit · 19 Nov 2025

Priority class	Creditor	Amount	Source
Secured	CMLS Financial Ltd. · in 7 casesRegistered continuing first collateral mortgage, Instrument No. HR2075741, principal amount $19,100,000, registered Dec 18, 2024 against Bronte Property; General Security Agreement (all present/after-acquired personal property, PPSA registered); General Assignment of Rents and Leases (Instrument No. HR2075742); Transfer and Assignment of Insurance; Assignment of Material Agreements; Assignment of Purchase Agreement; security interest also granted by Beneficial Owner Bronte Limited Partnership under Authorization, Direction and Consent dated Dec 18, 2024 — Approximate indebtedness per demand le · as of 10 Sep 2025	$18.5M	Application Record of CMLS Financial Ltd. (for motion returnable November 19, 2025)
Secured	Trak International Green Energy Resources Inc.Construction lien registered under Construction Act (Ontario), Instrument No. HR2115737, against title to Bronte Property — Construction lien claimant — debtor: Bronte Lakeside Ltd. · as of 9 Jul 2025	$540K	Application Record of CMLS Financial Ltd. (for motion returnable November 19, 2025)
Secured	Brooklyn Contracting Inc.Construction lien registered under Construction Act (Ontario), Instrument No. HR2115839, against title to Bronte Property — Construction lien claimant — debtor: Bronte Lakeside Ltd. · as of 9 Jul 2025	$215K	Application Record of CMLS Financial Ltd. (for motion returnable November 19, 2025)
Secured	Town of Oakville · in 4 casesStatutory lien for unpaid municipal property taxes on Bronte Property — Arrears accruing interest; per Property Tax Certificate issued by Town of Oakville current as of October 1, 2025 (Exhibit V) — debtor: Bronte Lakeside Ltd. · as of 2 Oct 2025	$114K	Application Record of CMLS Financial Ltd. (for motion returnable November 19, 2025)
Secured	TM Platforms Inc. · in 2 casesConstruction lien registered under Construction Act (Ontario), Instrument No. HR2111676, against title to Bronte Property — Construction lien claimant — debtor: Bronte Lakeside Ltd. · as of 19 Jun 2025	$75.6K	Application Record of CMLS Financial Ltd. (for motion returnable November 19, 2025)
Secured	Westmount Guarantee Services Inc., Aviva Insurance Company of Canada, and Liberty Mutual Insurance Companyas of deposit trust agreement dated June 23, 2022 — PPSA-registered security interest in purchasers' deposit monies pursuant to a deposit trust agreement dated June 23, 2022, in respect of the Project — Jointly held security re purchaser deposit monies; amount not stated in document — debtor: Bronte Lakeside Ltd.	—	Application Record of CMLS Financial Ltd. (for motion returnable November 19, 2025)

Firm	Period	Hours	Fees	Rates	Source
(firm not named)capacity not statedperiod 3 of 3 · firm not named in the heading	3 Feb – 20 Mar 2026	—	—	not stated	Motion Record of the Receiver (for motion · 7 Apr 2026
(firm not named)capacity not statedperiod 2 of 3 · firm not named in the heading	16 Jan – 13 Feb 2026	—	—	not stated	Motion Record of the Receiver (for motion · 7 Apr 2026
(firm not named)Receiverperiod 1 of 3 · firm not named in the heading	the Period	—	—	$512.04stated average	Motion Record of the Receiver (for motion · 7 Apr 2026
Albert Gelman Inc.Receiver	the Period	—	—	$512.04stated average	First Report of the Receiver dated March 30, 2026 (for motion · 30 Mar 2026