Appointed Ernst & Young Inc. receiver and manager on CMLS Financial Ltd.'s application under section 243(1) of the BIA and section 101 of the Courts of Justice Act.
Source: Revised Receivership Order
District REIT Limited Partnership and related debtors were placed in court-appointed receivership on October 15, 2026, with Ernst & Young Inc. appointed receiver and manager on the application of CMLS Financial Ltd. The proceeding is before the Ontario Superior Court of Justice (Commercial List), file CL-26-00000428-0000, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The CMLS-serviced security, held by Computershare Trust Company of Canada as mortgagee, includes a March 1, 2022 general security agreement from Wonderland District Inc. over personal property at 3967 Savoy Street in London, securing a mortgage of $17,615,375.00 original principal, and a September 2024 general security agreement from 15 Gamble District Inc. at 15 Gamble Avenue in Toronto, securing a CMHC-insured mortgage of $9,387,375.00 original principal. The receivership remains active.
Appointed Ernst & Young Inc. receiver and manager on CMLS Financial Ltd.'s application under section 243(1) of the BIA and section 101 of the Courts of Justice Act.
Source: Revised Receivership Order
The court appointed Ernst & Young Inc. as receiver and manager, on the application of CMLS Financial Ltd.. Court file CL-26-00000428-0000.
Blackline of Revised Receivership Order to Receivership Order in Application Record — Receivership order
Blackline of Second Revised Receivership Order to Revised Receivership Order — Receivership order
Application Record (Vol. 1 of 3) Part 1, dated October 2, 2026 — Application / notice of application
Application Record (Vol. 1 of 3) Part 3, dated October 2, 2026 — Application / notice of application
Application Record (Vol. 1 of 3) Part 4, dated October 2, 2026 — Application / notice of application
Application Record (Vol. 2 of 3), dated October 2, 2026 — Application / notice of application
Application Record (Vol. 3 of 3), dated October 2, 2026 — Application / notice of application
Filing brief
District REIT: the court finds no 'cheque in hand' and appoints EY
On October 28 Justice Jana Steele appointed Ernst & Young Inc. receiver over rental buildings in Toronto, London, Brantford and Saint John on CMLS Financial's application, refusing a further adjournment for a Phoenix Mortgage commitment letter the court found conditional on due diligence and on Phoenix obtaining CMHC approved-lender status.
Debtor
District REIT Limited Partnership et al
Receiver
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 5 orders, Oct 2026 | 244 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantCMLS Financial Ltd | Gowling WLG (Canada) LLP | 28 Oct 2026 | Service list · 28 Oct 2026 |
| DebtorDistrict REIT Limited Partnership et al | McCarthy Tétrault LLP | 14 Oct 2026 | Factum · 14 Oct 2026 |
| CreditorDBNC Group Inc., mortgagee | Presvelos Law LLP | 28 Oct 2026 | Service list · 28 Oct 2026 |
| CreditorFirst Ontario Credit Union | Blaney McMurtry LLP | 28 Oct 2026 | Service list · 28 Oct 2026 |
| CreditorGennaro Investments Ltd | Miller Thomson LLP | 28 Oct 2026 | Service list · 28 Oct 2026 |
| CreditorIMC Capital, mortgagee | Garfinkle, Biderman LLP | 28 Oct 2026 | Service list · 28 Oct 2026 |
| CreditorLucky Four Investments Inc., Del Rende Group Inc | Lo Faso & Morawetz | 28 Oct 2026 | Service list · 28 Oct 2026 |
| CreditorPeakhill Capital Inc | Miller Thomson LLP · Robins Appleby LLP | 28 Oct 2026 | Service list · 28 Oct 2026 |
| CreditorTimbercreek Mortgage Servicing Inc | Miller Thomson LLP | 28 Oct 2026 | Service list · 28 Oct 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Computershare Trust Company of Canada c/o CMLS Financial Ltd.Named 1st Mortgagee and additional insured on the property insurance policy (Co-operators Policy No. 4002379130) for 33 and 45 Jack Street, Saint John. — Appears on the insurance certificate (Exhibit A) as mortgagee, consistent with CMLS's mortgage security. No amount stated. — debtor: Jack Property District Inc. (33 and 45 Jack Street, Saint John) | — | Responding Motion Record, dated October 13, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of Steel, J., dated October 28, 2026
| PDF · Subscribers | |
Receivership Order, dated October 28, 2026
| PDF · Subscribers | |
Service List as at October 28, 2026
| PDF · Subscribers | |
| Blackline of Revised Receivership Order to Model Order | PDF · Subscribers | |
| Blackline of Revised Receivership Order to Receivership Order in Application Record | PDF · Subscribers | |
| Blackline of Second Revised Receivership Order to Revised Receivership Order | PDF · Subscribers | |
Revised Receivership Order
| PDF · Subscribers | |
Second Revised Receivership Order
| PDF · Subscribers | |
Endorsement of Steele, J., dated October 16, 2026
| PDF · Subscribers | |
Blackline of Revised Receivership Order to Draft Receivership Order in the Application Record
| PDF · Subscribers | |
Factum of the Respondents, dated October 14, 2026
| PDF · Subscribers | |
| Reply Affidavit of the Applicant, dated October 14, 2026 | PDF · Subscribers | |
| Factum of the Applicant, dated October 13, 2026 | PDF · Subscribers | |
Responding Motion Record, dated October 13, 2026
| PDF · Subscribers | |
| Application Record (Vol. 1 of 3) Part 1, dated October 2, 2026 | PDF · Subscribers | |
| Application Record (Vol. 1 of 3) Part 3, dated October 2, 2026 | PDF · Subscribers | |
Application Record (Vol. 1 of 3) Part 4, dated October 2, 2026
| PDF · Subscribers | |
Application Record (Vol. 2 of 3), dated October 2, 2026
| PDF · Subscribers | |
| Application Record (Vol. 3 of 3), dated October 2, 2026 | 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., “District REIT Limited Partnership et al” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 2 November 2026, https://proceedings.ca/case/districtreit
Sources last checked · summary updated 30 October 2026 · Report a correction · Printed from proceedings.ca/case/districtreit
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.