Happy Town Housing Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C-43, as amended
- File
- CV-25-00090173-0000
Happy Town Housing Inc. is the subject of a court-appointed receivership proceeding in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), commenced 8 May 2025 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, under court file number CV-25-00090173-0000. The application was filed electronically on that date. The matter is active. The record carries no further dated steps: no appointment order, no reports and no hearing dates have been entered since commencement.
The court appointed msi Spergel Inc. as receiver and manager, on the application of BANK OF MONTREAL. Court file CV-25-00090173-0000.
Source: Order of the Honourable Justice Goodman dated June 19, 2025
Receivership application filed electronically in the Ontario Superior Court of Justice, opening court file CV-25-00090173-0000 and commencing the proceeding against Happy Town Housing Inc.
Source: Application Record of the Applicant dated May 9, 2025
Debtor
Happy Town Housing Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Goodman | Ontario Superior Court of Justice | 1 order, Jun 2025 | 13 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Chaitons LLP | 12 Feb 2026 | Factum · 12 Feb 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 279 casesCharge/mortgage over 43 Centre Street, St. Catharines (registered principal $396,000, instrument NR520562, registered 2019-09-06, Niagara North LRO #30) and charge/mortgage over 34 Rykert Street, St. Catharines (registered principal $334,000, instrument NR520563, registered 2019-09-06); Bank holds first ranking charge over both properties, subject to any unpaid realty taxes. — Outstanding balance broken down as Loan 3712-1669-002: principal $257,227.70 + interest $13,612.01 = $270,839.71; Loan 3712-1669-004: principal $339,398.67 + interest $17,950.63 = $357,349.30 (as of 2025-04-30). Earlier · as of 30 Apr 2025 | $628K | Application Record of the Applicant dated May 9, 2025 |
| Secured | The Lion's Share Group Inc. · in 2 casesOrder made 2024-06-26 in The Lion's Share Group Inc. receivership proceeding declaring certain promissory notes issued by Happy Town Housing Inc. to constitute good and valid charges upon the Real Properties (and the since-sold Queenston Property); registered against title to the Real Properties on 2024-08-08. — Amount of the charge is not stated in this document. A related but distinct claim: bankruptcy application against the Debtor's principal, Thomas Dylan Suitor, alleges Suitor is personally indebted to The Lion's Share Group Inc. in the amount of $2,671,342 — this is Suitor's personal al · as of 26 Jun 2024 | — | Application Record of the Applicant dated May 9, 2025 |
| Secured | Elevation Realty Network Inc. · in 2 cases$597,597 charge registered 2024-05-21 (instrument NR666382) against both 43 Centre Street Property and 34 Rykert Street Property. — Registered principal, not a stated balance. Postdates BMO's mortgages on title. Possible related party: address for service (4-245 Wyecroft Road, Oakville) matches Happy Town Housing Inc.'s own registered address (245 Wyecroft Road, Suite 4, Oakville), and notice correspondence for Happy Town uses email dylan@elevationrealty.ca (principal Thomas Dylan Suitor). — debtor: Happy Town Housing Inc. · as of 21 May 2024 | — | Application Record of the Applicant dated May 9, 2025 |
| Secured | J&Y Bulk Enterprises Inc.$80,500 charge registered 2024-05-08 (instrument NR665623) against both 43 Centre Street Property and 34 Rykert Street Property. — Registered principal, not a stated balance. Postdates BMO's mortgages on title. — debtor: Happy Town Housing Inc. · as of 8 May 2024 | — | Application Record of the Applicant dated May 9, 2025 |
| Secured | 2762147 Ontario Inc. (as assignee of Cheryl Johnston-Klemens and 1000027984 Ontario Limited)$127,218 charge registered against 34 Rykert Street Property (instrument NR641699) and $132,842 charge registered against 43 Centre Street Property (instrument NR641701), both registered 2023-05-15 in favour of Cheryl Johnston-Klemens and 1000027984 Ontario Limited; assigned to 2762147 Ontario Inc. on 2024-07-12 (instruments NR670503/NR670505). — Registered principal amounts, not stated current balances. Postdates BMO's mortgages on title. Amounts differ between the two properties and are not summed. — debtor: Happy Town Housing Inc. · as of 15 May 2023 | — | Application Record of the Applicant dated May 9, 2025 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This 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.
| Date | Document | File |
|---|---|---|
Factum of the Receiver dated February 12, 2026
| ||
| Motion Record of the Receiver dated February 10, 2026 | ||
Order of the Honourable Justice Goodman dated June 19, 2025
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Application Record of the Applicant dated May 9, 2025
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Happy Town Housing Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/happy-town-housing-inc