Proceedings.

P&H Development

ActiveFollow
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
Industry
Real estate · Residential development
Filings held22
Last activity5 Jan 2026
On the record517 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.

Proceedings AIOpen Proceedings AI⁠
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
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
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

#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 of conditions.

Source: Approval and Vesting Order - dated December 5, 2025

#Report

The officer filed report no. Supplement to Third Report. 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.

Source: Supplement to the Third Report of the Receiver - dated December 3, 2025

#Report

The officer filed report no. Third Report. The debtors' development site remains vacant land, a sales centre and four houses with no construction started; the sale process was terminated and Fiera's credit bid is proposed for court approval, with two houses still occupied by occupants who have agreed to vacate by November 30, 2025.

Source: Third Report of the Receiver - dated November 20, 2025

#Report

The officer filed report no. Second Report. The Receiver is running the court-approved sale process for the two Toronto development properties; the project is undeveloped (construction not commenced, mostly vacant site) and the Debtors are seeking a CCAA order that would terminate the receivership and the sale process.

Source: Second Report of the Receiver - dated August 12, 2025

#Report

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] . — Stakeholder communication

PDF · 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 Justice5 orders, Jun 2025 – Jan 2026198 cases on record
Justice ConwayOntario Superior Court of Justice3 orders, Dec 2025310 cases on record
Justice KimmelOntario Superior Court of Justice2 orders, Jun 2025198 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverBDOLerners LLP5 Dec 2025Application · 5 Dec 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 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
3Deemed trusts (CRA and other)
4Secured
4Secured
4Secured

4 more claims in 2 classes The stack holds Deemed trusts (CRA and other) and Secured claims.

Every creditor and every amount, drawn to scale.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠

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.

Sale processAs stated in the filings

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

Qualified bids

0

Supplement to the Third Report of the Receiver - dated…

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
Estate financialsReported figures — never derived

Professional fees

$240K

As at 17 Nov 2025Third Report of the Receiver - dated November 20, 2025

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
  • Counsel Lerners LLP
  • Order date 5 January 2026
  • Presiding officer Justice W.D. Black
  • + 2 more extracted facts
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
  • Counsel Lerners LLP
  • 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
  • Counsel Lerners LLP
  • Order date 5 December 2025
  • Presiding officer Justice Conway
  • + 3 more extracted facts
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, 2025
  • Operational summary The debtors' development site remains vacant land, a sales centre and four houses with no construction started; the sale process was terminated and Fiera's credit bid is proposed for court approval, with two houses still occupied by occupants who have agreed to vacate by November 30, 2025.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Endorsement - dated August 14, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Second Report of the Receiver - dated August 12, 2025
  • Operational summary The Receiver is running the court-approved sale process for the two Toronto development properties; the project is undeveloped (construction not commenced, mostly vacant site) and the Debtors are seeking a CCAA order that would terminate the receivership and the sale process.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · 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 4 November 2026, https://proceedings.ca/case/p-h-development

Recently updated

Giftcraft Holdings, Inc., Ripskirt Hawaii, LLC et al.

Ontario · Receivership (court-appointed)

3 Nov 2026

Transport Bruno Harvey inc.

Quebec · Bankruptcy

3 Nov 2026

Sunshine Oilsands Ltd

Alberta · Receivership (court-appointed)

3 Nov 2026

RSG Law Professional Corporation

Ontario · Receivership (court-appointed)

3 Nov 2026

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.