Proceedings.

Cedar Village Holdings Inc.

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Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Supreme Court of British Columbia
File
S233120
Industry
Real estate
Filings held22
Last activity23 May 2025
On the record1,060 days
Secured debtSubscribers
OverviewSummary updated

Cedar Village Holdings Inc. is subject to insolvency proceedings before the Supreme Court of British Columbia, Court File No. S23-3120 (VIC-S-S-233120). Coastal Community Credit Union's application, filed September 27, 2023, sought the appointment of Grant Thornton Limited as Receiver and Manager over the company's property, 18 uncompleted strata units at 4253 Dieppe Rd, Victoria, BC, with an estimated book value of $14,800,000. Coastal Community Credit Union held a secured claim of $8,426,409.17 as at September 20, 2023, plus interest and costs thereafter.

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Case updates22 dated entries
#Report

The officer filed report no. Third Report. Construction of the four buildings at the Paragon Parc project is substantially complete with all occupancy permits issued, and the Receiver continues to market and sell remaining strata units while completing outstanding landscaping and resolving lien claims.

Source: Third Report to the Court dated May 13, 2025

#Report

The officer filed report no. First Report. Construction on the Paragon Parc townhome project ceased in May 2023 after the relationship between the debtor and its construction manager deteriorated; the Receiver has since secured the site, engaged consultants, and is recommending completion of the remaining unfinished buildings rather than an as-is sale.

Source: First Report to the Court dated December 9, 2023

Parties

Debtor

Cedar Village Holdings Inc.

Receiver

Doane Grant Thornton

Bench and counselPer the orders and service lists on the record

Counsel of record

PartyCounselFirst seenSource
CreditorCoastal Community Credit UnionLawson Lundell LLP23 May 2025Application · 23 May 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredCoastal Community Credit UnionSecurity on the Property (4253 Dieppe Rd, Victoria BC) — Amount stated as at September 20, 2023 plus interest thereafter and costs — debtor: Cedar Village Holdings Inc. · as of 20 Sep 2023$8.43MForm 87: Notice of Statement of the Receiver dated October 30, 2023
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

56 more claims in 1 class The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Estate financialsReported figures — never derived
Total assets at filing

As at ·

Cash on hand

$1.24M

As at 7 Apr 2025Third Report to the Court dated May 13, 2025

Professional fees

As at

1 more reported figure, and the total the debtor stated at filing

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

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Documents
22 filings
DateDocumentFile
Application Response dated May 23, 2025
  • Counsel Lawson Lundell LLP
PDF · Subscribers
Application Response of Titan GMS dated May 20, 2025PDF · Subscribers
Notice of Application of the Receiver dated May 15, 2025PDF · Subscribers
Affidavit #2 of Daniel H. Coles dated May 13, 2025PDF · Subscribers
Third Report to the Court dated May 13, 2025
  • Operational summary Construction of the four buildings at the Paragon Parc project is substantially complete with all occupancy permits issued, and the Receiver continues to market and sell remaining strata units while completing outstanding landscaping and resolving lien claims.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Affidavit #1 of Neil Honess dated May 9, 2025PDF · Subscribers
Affidavit #1 of Lin Jacques dated May 6, 2025PDF · Subscribers
Disclosure Statement dated August 27, 2024PDF · Subscribers
Application Response of Vlado Marcinkovic dated July 23, 2024PDF · Subscribers
Notice of Application of Receivership filed July 12, 2024PDF · Subscribers
Second Report to the Court dated July 10, 2024
  • Cash on hand · Disbursements · Financial position · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Affidavit #1 of Daniel H. Coles dated July 5, 2024PDF · Subscribers
Affidavit #1 of Mark Wentzell dated July 4, 2024PDF · Subscribers
Notice of Application of Receivership filed December 11, 2023
  • Applicant Grant Thornton Limited
  • Appointee Grant Thornton Limited
  • Appointee role receiver and manager
  • Commencement date 11 December 2023
  • + 2 more extracted facts
PDF · Subscribers
First Report to the Court dated December 9, 2023
  • Operational summary Construction on the Paragon Parc townhome project ceased in May 2023 after the relationship between the debtor and its construction manager deteriorated; the Receiver has since secured the site, engaged consultants, and is recommending completion of the remaining unfinished buildings rather than an as-is sale.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Form 87: Notice of Statement of the Receiver dated October 30, 2023
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Affidavit #1 of Marty Eakins sworn October 4, 2023PDF · Subscribers
Notice of Application of Receivership filed September 29, 2023
  • Applicant Coastal Community Credit Union
  • Appointee Grant Thornton Limited
  • Appointee role Receiver and Manager
  • Commencement date 29 September 2023
  • + 3 more extracted facts
PDF · Subscribers
Affidavit #2 of Linda Alexander sworn September 28, 2023PDF · Subscribers
Affidavit#1 of Ken Watson sworn September 27, 2023 (without exhibits)PDF · Subscribers
Petition to the Court filed September 27, 2023
  • Applicant Coastal Community Credit Union
  • Commencement date 27 September 2023
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
  • Court file no VIC-S-S-233120
PDF · Subscribers
Affidavit #1 of Linda Alexander sworn September 26, 2023 (without exhibits)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., “Cedar Village Holdings Inc.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/cedar-village-holdings-inc

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Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/cedar-village-holdings-inc

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.