Proceedings.

P&H Development

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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
Court
Ontario Superior Court of Justice · Commercial List
File
CV-25-00743191-00CL
Filings held22
Last activity5 Jan 2026
On the record472 days
OverviewSummary updated

P&H Development has been in court-appointed receivership in Ontario since June 6, 2025, when the Ontario Superior Court of Justice (Commercial List) granted a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried under court file number CV-25-00743191-00CL and remains active. No subsequent steps are recorded on this page: nothing has been entered since the appointment order itself, and no further hearing is on the record.

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Case updates22 dated entries
#Sale

The court granted an approval and vesting order for the sale to 270 SHE LP, by its General Partner 270 SHE GP INC. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions.

Source: Amended AVO Signed and Issued - dated January 5, 2026

19 earlier updates, back to 6 June 2025 subscribers.

Parties

Debtor

P&H Development

Receiver

BDO

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BlackOntario Superior Court of Justice4 orders, Jun 2025 – Jan 2026176 cases on record
Justice ConwayOntario Superior Court of Justice2 orders, Dec 2025285 cases on record
Justice KimmelOntario Superior Court of Justice2 orders, Jun 2025182 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverBDOLerners LLP5 Dec 2025Application · 5 Dec 2025
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesSecurity on Real Property — Deemed trust class claim (CRA) — debtor: 2250310 Ontario Inc.$394KNotice and Statement of Receiver S.245-246 - dated June 26, 2025

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.

4 more claims across lower-ranking classes

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Sale processAs stated in the filings

2 transactions · 1 proposed · 1 approvedTransaction approved by the CourtApproval and Vesting Order - dated December 5, 2025 · 5 Dec 2025

PurchaserPriceStatusSource
FieraCredit bidthe assets, including the Real Property · real propertySubscribersProposedSupplement to the Third Report of the Receiver…
270 SHE LP, by its General Partner 270 SHE GP INC.the Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · nominee/assignee: 270 SHE Nominee Inc. · agreement 20 Nov 2025not statedApproved5 Dec 2025Approval and Vesting Order - dated December 5,…
Closing termsVesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditionsAmended AVO Signed and Issued - dated January 5, 2026
Documents
22 filings
DateDocumentFile
Amended AVO Signed and Issued - dated January 5, 2026
  • Closing terms Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions
  • Order date 5 January 2026
  • Purchaser 270 SHE LP, by its General Partner 270 SHE GP INC. · nominee/assignee 270 SHE Nominee Inc. · the Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement for Amended AVO Signed and Issued - dated January 5, 2026
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Ancillary Order - dated December 5, 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Approval and Vesting Order - dated December 5, 2025
  • Closing terms Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of conditions
  • Purchaser 270 SHE LP, by its General Partner 270 SHE GP INC. · nominee/assignee 270 SHE Nominee Inc. · the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved
  • Sale outcome Sale approved — Transaction approved by the Court
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement - dated December 5, 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Second Supplementary Motion Record of the Receiver - dated December 5, 202
  • Counsel Lerners LLP
PDF · Subscribers
Amended Supplemental Factum of the Receiver - dated December 4, 2025PDF · Subscribers
Supplement to the Third Report of the Receiver - dated December 3, 2025
  • Operational summary The Receiver's Court-approved Sales Process for the Real Property failed to produce a Qualified APA, leading it to recommend approval of a credit bid sale to Fiera; the Deposit Return Protocol is being finalized with Tarion and the Surety to terminate the Condo Purchase Agreements, and the Addington Avenue occupants have vacated the property.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Supplementary Motion Record of the Receiver - dated December 3, 2025PDF · Subscribers
Letter serving Endorsement - dated November 26, 2025PDF · Subscribers
Factum of the Receiver - dated November 24, 2025PDF · Subscribers
Third Report of the Receiver - dated November 20, 2025PDF · Subscribers
Endorsement - dated August 14, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Second Report of the Receiver - dated August 12, 2025PDF · Subscribers
The Receiver requires interested parties to sign a confidentiality and non-disclosure agreement (“the NDA ”) prior to gaining access to an encrypted electronic data room (“ Data Room ”) that contains the Receiver’s Confidential Information Memorandum (“ CIM ”) and other pertinent information with respect to the Project and the Receiver’s Sale Process. A copy of the NDA can be found here and executed copies should be sent via e-mail to Luke Dobush, [email protected] and Paul Kouadio, [email protected] .PDF · Subscribers
Endorsement - dated July 17, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
First Report of the Receiver - dated July 10, 2025
PDF · Subscribers
Endorsement - dated June 26, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Notice and Statement of Receiver S.245-246 - dated June 26, 2025
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Receivership Order Endorsement dated June 6, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Receivership Order dated June 6, 2025
  • Applicant Fiera Canadian Real Estate Debt Fund GP Inc. and Fiera FP Real Estate Financing Fund LP
  • Appointee BDO Canada Limited
  • Appointee role receiver and manager
  • Commencement date 6 June 2025
  • + 5 more extracted facts
PDF · Subscribers
Application Record - dated May 21, 2025
  • Applicant FIERA CANADIAN REAL ESTATE DEBT FUND GP INC. and FIERA FP REAL ESTATE FINANCING FUND, L.P.
  • Commencement date 13 May 2025
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-25-00743191-00CL
  • + 3 more extracted facts
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., “P&H Development” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/p-h-development

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/p-h-development

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.