Centra Limited Partnership, 1119356 B.C. Ltd., and 1138624 B.C. Ltd.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- H251466
- Industry
- Real estate · Residential development
Centra Limited Partnership, 1119356 B.C. Ltd. and 1138624 B.C. Ltd. have been in receivership since March 11, 2026, when the Supreme Court of British Columbia appointed Alvarez & Marsal Canada Inc. as receiver and manager over the three debtors in court file No. 251466. The order was made on the application of Domain Mortgage Corp. under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act. The receiver's preliminary creditor figures as at March 11, 2026 put secured claims at $66,131,497.39 and unsecured claims at $63.00, for a combined $66,131,560.39, with many individual amounts listed as unknown and asset values unquantified. Domain Mortgage Corp. is listed at $45,655,514.42, Metro-Can Construction (OT) Ltd. at $11,480,103.79 and Desjardins Financial Security Life Assurance Company at $8,858,208.20. No claims procedure has been approved and creditors are not required to file proofs of claim.
The officer filed report no. First Report. Construction of the Surrey residential tower development ceased in August 2024 and the Receiver is securing and maintaining the site while marketing the Lands for sale. A purchase and sale agreement with Chiniki remains subject to conditions, notably financing. The Receiver is seeking to increase its borrowing authority from $500,000 to $1.5 million.
Source: First Report of the Receiver
Court appointed Alvarez & Marsal Canada Inc. receiver and manager of the three debtors on Domain Mortgage Corp.'s application under BIA s. 243(1) and Law and Equity Act s. 39.
Source: Receivership Order
Filing brief
Centra: a Surrey tower stopped at six storeys, and a buyer's financing condition
Work on a 24-storey Surrey condominium tower stopped at the sixth storey around August 2024. Its receiver, Alvarez & Marsal, has a new agreement with the owners' February buyer, Chiniki Surrey Tower LP, which has until July 29 to remove its conditions. On July 28 the receiver's borrowing limit rose to $1.5 million.
Debtor
Centra Limited Partnership, 1119356 B.C. Ltd., and 1138624 B.C. Ltd.
Receiver
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Loo | Supreme Court of British Columbia | 2 orders, Mar 2026 – Jul 2026 | 10 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlvarez & Marsal | Fasken Martineau DuMoulin LLP | 9 Apr 2026 | Service list · 9 Apr 2026 |
| Applicant | Lawson Lundell LLP | 9 Apr 2026 | Service list · 9 Apr 2026 |
| CreditorMetro-Can Construction (OT) Ltd | Harper Grey LLP | 9 Apr 2026 | Service list · 9 Apr 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Domain Mortgage Corp. · in 3 casesPer Preliminary List of Creditors, as submitted by the Debtor without admission as to any liabilities or privilege. · as of 11 Mar 2026 | $45.7M | Form 87 - Notice and Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
19 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.
Cumulative receipts
$531K
As at 8 Jul 2026First Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order – Receiver’s Borrowings
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Form 87 - Notice and Statement of the Receiver
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit #1 of Channie Yoon | PDF · Subscribers | |
| Affidavit #1 of G. Riverin | PDF · Subscribers | |
| Affidavit #1 of S. Danielisz | PDF · Subscribers | |
| Application Response | PDF · Subscribers | |
| Response to Petition - Desjardins | PDF · Subscribers | |
| Affidavit #1 of Alexander Hayne | PDF · Subscribers | |
| Affidavit #1 of L. Alexander | PDF · Subscribers | |
| Affidavit #1 Karen Buquet | PDF · Subscribers | |
Petition
| PDF · Subscribers | |
| Affidavit #1 of Lisa Ward | 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., “Centra Limited Partnership, 1119356 B.C. Ltd., and 1138624 B.C. Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 16 October 2026, https://proceedings.ca/case/centra-limited-partnership-1119356-b-c-ltd-and-1138624-b-c-ltd