Proceedings.

Mortise Nova strata project

Follow
Active
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985 c. C-36, as amended
Court
Supreme Court of British Columbia
File
S-263823
Filings held16
Last activity20 Aug 2026
On the record119 days
Secured debt$48.5M
OverviewSummary updated

Mortise Nova strata project is the subject of proceedings in the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act, court file S-263823, opened by an order dated May 25, 2026 sought by National Bank of Canada, under which Alvarez & Marsal Canada Inc. was appointed over 670805 B.C. Ltd. and 0859116 B.C. Ltd. On the combined books and records as at May 25, 2026 the two companies carried estimated assets of $30,046,000, the real property taken at its approximate 2026 assessed value, against liabilities of $62,074,542.60, of which $60,375,521.75 is secured. National Bank of Canada holds $48,482,696.24 of that, the Bancorp funds with Bancorp Financial Services Inc. and Mandate Management Corporation $8,980,060.51, and Westmount West Services Inc. $2,912,765.00. A further order followed on August 20, 2026.

Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates17 dated entries
#Report

The officer filed report no. First Report. The Monitor and Receiver took possession and control of the Property, secured the site, and are conducting due diligence and planning to select a construction manager to recommence construction of the Mortise Nova residential project.

Source: First Report of the Monitor

#Order

Mortise Nova strata project — CCAA & Receivership filed, British Columbia.

Parties

Debtor

Mortise Nova strata project

Applicant

National Bank of Canada

Monitor

Alvarez & Marsal

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice FitzpatrickSupreme Court of British Columbia1 order, Jun 202649 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorAlvarez & MarsalFasken Martineau DuMoulin LLP23 Jul 2026Service list · 23 Jul 2026
ApplicantNational Bank of CanadaMcCarthy Tétrault LLP23 Jul 2026Service list · 23 Jul 2026
CreditorA-1 Building Supplies LtdSugden, McFee & Roos LLP23 Jul 2026Service list · 23 Jul 2026
CreditorBorrowersMcQuarrie Legal Services23 Jul 2026Service list · 23 Jul 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 19 named without a figure
#Priority classCreditorAmountSource
4SecuredNational Bank of Canada · in 87 casesPer books and records — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$48.5MNotice and Statement of the Receiver
4SecuredBancorp Balanced Mortgage Fund II Ltd., Bancorp Growth Mortgage Fund II Ltd., Bancorp Financial Services Inc., Mandate Management CorporationPer books and records; listed as secured creditor — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$8.98MNotice and Statement of the Receiver
4SecuredWestmount West Services Inc. · in 3 casesPer books and records — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$2.91MNotice and Statement of the Receiver
8UnsecuredSosan Construction Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$465KNotice and Statement of the Receiver
8UnsecuredVancouver Ready Mix Incdebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$236KNotice and Statement of the Receiver
8UnsecuredSchindler Elevator Corporation · in 8 casesdebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$163KNotice and Statement of the Receiver
8UnsecuredBadesha Electrical Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$110KNotice and Statement of the Receiver
8UnsecuredElevate Mechanical Group Ltddebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$81.9KNotice and Statement of the Receiver
8UnsecuredClimacool Solutions Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$74.4KNotice and Statement of the Receiver
8UnsecuredQuattro Frateli Kitchen Cabinets Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$73.8KNotice and Statement of the Receiver
8UnsecuredMax Fire Pro Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$56.7KNotice and Statement of the Receiver
8UnsecuredConcord Storefront Systems Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$54.7KNotice and Statement of the Receiver
8UnsecuredHTBC Flooring Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$38.2KNotice and Statement of the Receiver
8UnsecuredCheema Carpet & Flooring Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$37.9KNotice and Statement of the Receiver
8UnsecuredKASA Landscape Supply Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$37.5KNotice and Statement of the Receiver
8UnsecuredWestern Canadian Insulation Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$34.5KNotice and Statement of the Receiver
8UnsecuredAltec Windows Inc.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$28.4KNotice and Statement of the Receiver
8UnsecuredWespac Mechanical Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$25KNotice and Statement of the Receiver
8UnsecuredAone Tilesdebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$23.9KNotice and Statement of the Receiver
8UnsecuredBest Look Roofingdebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$23.7KNotice and Statement of the Receiver
8UnsecuredUppal Building Supplies Ltd. · in 3 casesdebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$21.4KNotice and Statement of the Receiver
8UnsecuredSplendid IT Solutionsdebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$20.8KNotice and Statement of the Receiver
8UnsecuredBSB Glass & Shower Doors Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$19.9KNotice and Statement of the Receiver
8UnsecuredFibretech Distributors Inc. · in 2 casesdebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$16.6KNotice and Statement of the Receiver
8UnsecuredAircel Telecom Limiteddebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$15.6KNotice and Statement of the Receiver
8UnsecuredVancouver Entry Systems Ltd. o/a Overhead Door Co. of Vancouverdebtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$14.4KNotice and Statement of the Receiver
8UnsecuredFour Seasons Roofing and Disposal Ltd.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$14.2KNotice and Statement of the Receiver
8UnsecuredApna Doors & Mouldings Inc.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$10.1KNotice and Statement of the Receiver
8UnsecuredS3 Concrete Inc.debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$1.32KNotice and Statement of the Receiver
8UnsecuredThe Brick Ltd.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredCity of Surrey · in 7 casesListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredCanada Revenue Agency · in 926 casesListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredBlue Pacific Drywall Ltd.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredBC Hydro · in 71 casesListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredWorkers' Compensation Board of British ColumbiaListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredAstra Concrete Ltd.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredPine Lighting Ltd. · in 2 casesListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredZebra Wholesale Blinds Inc.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredSafeguard Waterproofing Ltd.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredPacific Promasters Construction LtdListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredNEXT DOOR Kitchen Cabinets & Countertops Ltd.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredMinister of Finance, Province of British ColumbiaListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredSonic Steel Ltd. · in 2 casesListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredLucky Tiles Ltd. · in 2 casesListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredLotus Aluminium Railing Ltd.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredStar Light Locks Ltd.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredSukhman Painting LtdListed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
8UnsecuredSuper Fine Carpentry Ltd.Listed with dash/nil amount — debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · as of 25 May 2026$0Notice and Statement of the Receiver
Estate financialsReported figures — never derived
Total assets at filing$30M
Total liabilities at filing$62.1M

As at 25 May 2026 · per Estimated book value; not audited, reviewed or verified by the Receiver; real property figure is approximate 2026 tax assessed value · Receivership Debtors (670805 B.C. Ltd. and 0859116 B.C. Ltd.), combined — Realizable values may be materially different; liabilities per books and records as at May 25, 2026 (secured $60,375,521.75 + unsecured $1,699,020.85)

Cash on hand

$0

As at 3 Jun 2026First Report of the Monitor

Professional fees to date

$480K

As at 3 Jun 2026First Report of the Monitor

Documents
16 filings
DateDocumentFile
Stay Extension & Interim Financing Order
  • Order date 20 August 2026
  • Stay extended to 4 December 2026
PDF
Notice of Application re Stay Extension
  • Secured creditors Note: Described as 'the Respondents' senior secured creditor' (para 25(d), p.7); also acting as interim DIP lender/Petitioner · Page: 7 · As of: August 13, 2026 (Second Report date) · Debtor: 0993006 B.C. Ltd., 1014669 B.C. Ltd., 670805 B.C. Ltd., 0859116 B.C. Ltd. · Creditor: National Bank of Canada · Currency: CAD · Security: Interim Lender's Charge securing Interim Financing; principal borrowing authority increased from $350,000 (Initial Order) to $3 million (ARIO) to $9 million (sought/granted); $1.5 million advanced of $3 million authorized as at Second Report date
PDF
Second Report of the Monitor and Receiver
  • Secured creditors Note: Interim (DIP) financing facility; petitioner is also the Interim Lender; outstanding drawn balance under facility was $1,350,000 as at closing of Reporting Period (Aug 7, 2026) per cash flow variance table · Page: 12 · As of: August 12, 2026 (Amending Agreement) · Debtor: 0993006 B.C. Ltd., 1014669 B.C. Ltd., 670805 B.C. Ltd. and 0859116 B.C. Ltd. · Creditor: National Bank of Canada · Currency: CAD · Security: Interim Lender's Charge over all present and after-acquired Property, ranking in priority to all liens/charges other than the Administration Charge and certain statutory charges; Interim Financing Facility increased from $3,000,000 to $9,000,000 authorized principal borrowing limit (facility limit, not a balance)
PDF
Service List
  • Counsel McQuarrie Legal Services
PDF
Amended and Restated Initial CCAA and Receivership Order of Justice Fitzpatrick
  • Applicant National Bank of Canada
  • Appointee Alvarez & Marsal Canada Inc.
  • Commencement date 4 June 2026
  • Court file no S-263823
  • + 2 more extracted facts
PDF
Affidavit #1 of B. JohalPDF
First Report of the Monitor
  • Cash on hand $0 · Note: Stated as part of the Receiver's Statement of estimated book value of Receivership Debtors' assets · As at: 2026-05-25 · Qualifier: estimated book value, unaudited
  • Financial position Assets $30M · Liabilities $62.1M · as at 25 May 2026 · per Estimated book value; Receiver has not audited, reviewed or otherwise attempted to verify the accuracy; realizable values may be materially different · Receivership Debtors only (670805 B.C. Ltd. and 0859116 B.C. Ltd.), non-consolidated — Asset components: Cash and equivalents $0.00; Property and land $30,046,000; Total $30,046,000. Liability components (per Receiver's Statement): Secured creditors $60,375,521.75; Unsecured creditors $1,699,020.85; Total Creditors $62,074,542.60, as at May 25, 2026.
  • Operational summary The Monitor and Receiver took possession and control of the Property, secured the site, and are conducting due diligence and planning to select a construction manager to recommence construction of the Mortise Nova residential project.
  • Professional fees $480K · Note: Forecast figure for the 13-week cash flow period, not actual fees incurred to date · Party: A&M (Monitor and Receiver), its counsel Fasken, and the Petitioner's counsel · Period: Forecast Period (May 25 to August 21, 2026)
  • + 2 more extracted facts
PDF
Affidavit #2 of A. VosPDF
Notice of Application re Comeback Hearing (June 1, 2026)PDF
Notice and Statement of the Receiver
  • Financial position Assets $30M · Liabilities $62.1M · as at 25 May 2026 · per Estimated book value; not audited, reviewed or verified by the Receiver; real property figure is approximate 2026 tax assessed value · Receivership Debtors (670805 B.C. Ltd. and 0859116 B.C. Ltd.), combined — Realizable values may be materially different; liabilities per books and records as at May 25, 2026 (secured $60,375,521.75 + unsecured $1,699,020.85)
  • Secured creditors $2.91M · Note: Per books and records · Page: 4 · As of: 2026-05-25 · Debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · Creditor: Westmount West Services Inc.
  • Unsecured creditors $0 · Note: Listed with dash/nil amount · Page: 4 · As of: 2026-05-25 · Basis: Preliminary list of creditors as at May 25, 2026 · Debtor: 670805 B.C. Ltd. and 0859116 B.C. Ltd. · Creditor: Pacific Promasters Construction Ltd
PDF
Initial CCAA and Receivership Order
  • Applicant National Bank of Canada
  • Appointee Alvarez & Marsal Canada Inc.
  • Commencement date 25 May 2026
  • Court file no S-263823
  • + 1 more extracted fact
PDF
Notice of Hearing (set for May 25, 2026)PDF
Pre-filing Report of the Proposed Monitor and Proposed ReceiverPDF
Affidavit #1 of A. VosPDF
Affidavit #1 of S. Danielisz (with exhibits)PDF
Petition to the Court - National Bank of Canada
  • Applicant National Bank of Canada
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
  • Court file no S263823
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Mortise Nova strata project” (CCAA), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/mortise-nova-strata-project

Recently updated

1281805 B.C. Ltd.

British Columbia · NOI

18 Sep 2026

Collection Tuff Avenue Inc.

Quebec · Bankruptcy

18 Sep 2026

6511 Sussex Heights Development Ltd. ("Highline Metrotown") and Minoru View Homes Ltd. ("Minoru Square") et al.

British Columbia · Receivership (court-appointed)

18 Sep 2026

177 Cross Argus Development Inc.

Ontario · NOI

18 Sep 2026

Sources are not crawled for this matter — the record arrives by direct ingest · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/mortise-nova-strata-project

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.