Gilmour Real Estate Corporation

Gilmour Real Estate Corporation has been in court-appointed receivership in Ontario since August 20, 2026, when Justice MacLeod of the Ontario Superior Court of Justice appointed Albert Gelman Inc. as receiver on the application of The Toronto-Dominion Bank, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act (court file CV-25-00102436-0000). The receiver's notice and statement lists cash in bank of $3,329 and the Harrowsmith Real Property, carried at the $2,702,000 transfer price to the debtor recorded April 23, 2021 on the parcel register for PIN 36141-0227 rather than any current or book value; no financial statements were provided. Estimated secured indebtedness is $2,115,875 to TD, $212,996 to the Canada Revenue Agency for HST, and $45,000 to the Township of South Frontenac. Management advised the receiver there were no other creditors as of the appointment date. The debtor's tenant, related party Gilmour's on 38 Inc., is also insolvent and in receivership.