Proceedings.

District REIT Limited Partnership et al

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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
File
CL-26-00000428-0000
Filings held19
Last activity28 Oct 2026
On the record5 days
OverviewSummary updated

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.

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Case updates19 dated entries
#Order

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

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.

Parties

Debtor

District REIT Limited Partnership et al

Receiver

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice SteeleOntario Superior Court of Justice5 orders, Oct 2026244 cases on record

Counsel of record

PartyCounselFirst seenSource
ApplicantCMLS Financial LtdGowling WLG (Canada) LLP28 Oct 2026Service list · 28 Oct 2026
DebtorDistrict REIT Limited Partnership et alMcCarthy Tétrault LLP14 Oct 2026Factum · 14 Oct 2026
CreditorDBNC Group Inc., mortgageePresvelos Law LLP28 Oct 2026Service list · 28 Oct 2026
CreditorFirst Ontario Credit UnionBlaney McMurtry LLP28 Oct 2026Service list · 28 Oct 2026
CreditorGennaro Investments LtdMiller Thomson LLP28 Oct 2026Service list · 28 Oct 2026
CreditorIMC Capital, mortgageeGarfinkle, Biderman LLP28 Oct 2026Service list · 28 Oct 2026
CreditorLucky Four Investments Inc., Del Rende Group IncLo Faso & Morawetz28 Oct 2026Service list · 28 Oct 2026
CreditorPeakhill Capital IncMiller Thomson LLP · Robins Appleby LLP28 Oct 2026Service list · 28 Oct 2026
CreditorTimbercreek Mortgage Servicing IncMiller Thomson LLP28 Oct 2026Service list · 28 Oct 2026
Capital structureAs asserted in the filings
#Priority classCreditorAmountSource
4SecuredComputershare 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
4Secured
4Secured
8Unsecured

3 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount.

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“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

Estate financialsReported figures — never derived
Total assets at filing

As at ·

The total the debtor stated at filing

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

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Documents
19 filings
DateDocumentFile
Endorsement of Steel, J., dated October 28, 2026
  • Presiding officer Justice Steel
PDF · Subscribers
Receivership Order, dated October 28, 2026
  • Presiding officer Justice Steele
PDF · Subscribers
Service List as at October 28, 2026
  • Counsel Blaney McMurtry LLP
PDF · Subscribers
Blackline of Revised Receivership Order to Model OrderPDF · Subscribers
Blackline of Revised Receivership Order to Receivership Order in Application RecordPDF · Subscribers
Blackline of Second Revised Receivership Order to Revised Receivership OrderPDF · Subscribers
Revised Receivership Order
  • Applicant CMLS Financial Ltd.
  • Appointee Ernst & Young Inc.
  • Appointee role receiver and manager
  • Commencement date 28 October 2026
  • + 4 more extracted facts
PDF · Subscribers
Second Revised Receivership Order
  • Applicant CMLS Financial Ltd.
  • Appointee Ernst & Young Inc.
  • Appointee role receiver and manager
  • Commencement date 28 October 2026
  • + 4 more extracted facts
PDF · Subscribers
Endorsement of Steele, J., dated October 16, 2026
  • Presiding officer Justice Steele
PDF · Subscribers
Blackline of Revised Receivership Order to Draft Receivership Order in the Application Record
  • Applicant CMLS Financial Ltd.
  • Appointee Ernst & Young Inc.
  • Appointee role receiver and manager
  • Commencement date 15 October 2026
  • + 4 more extracted facts
PDF · Subscribers
Factum of the Respondents, dated October 14, 2026
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
Reply Affidavit of the Applicant, dated October 14, 2026PDF · Subscribers
Factum of the Applicant, dated October 13, 2026PDF · Subscribers
Responding Motion Record, dated October 13, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Application Record (Vol. 1 of 3) Part 1, dated October 2, 2026PDF · Subscribers
Application Record (Vol. 1 of 3) Part 3, dated October 2, 2026PDF · Subscribers
Application Record (Vol. 1 of 3) Part 4, dated October 2, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Application Record (Vol. 2 of 3), dated October 2, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Application Record (Vol. 3 of 3), dated October 2, 2026PDF · 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.

District REIT Limited Partnership et al. — Receivership | Proceedings.