Proceedings.

Peace Point Properties Limited

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Active
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
File
CV-25-00738674-00CL
Filings held9
Last activity13 Jul 2026
On the record459 days
Secured debtSubscribers
OverviewSummary updated

Peace Point Properties Limited was placed into court-appointed receivership by the Ontario Superior Court of Justice (Commercial List) on June 19, 2025, under court file CV-25-00738674-00CL, with the proceeding covering the company's real property and related assets. Two secured creditors hold security in the real property at 79 Berkeley Street and 535-535A Adelaide Street East, Toronto: Equitable Bank, at $2,126,665, and Vista Mortgage Capital Corporation, at $927,773. Unsecured claims drawn from the debtor's books and records include City of Toronto property taxes of $15,967.10, Toronto Hydro-Electric System Limited at $3,173.90, Toronto Water & Solid Waste Management Services at $2,118.00, Enbridge Gas Inc at $1,368.08, and a Canada Revenue Agency claim listed as to be determined. Peace Point's compilation financial statements as at September 30, 2022, prepared by external accountants and not verified by the Receiver, show total assets of $2,028,820 at book value, with no liabilities stated. The matter remains active.

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Case updates10 dated entries

7 earlier updates, back to 19 June 2025 — subscribers.

Parties

Debtor

Peace Point Properties Limited

Applicant

Equitable Bank

Receiver

Bricks Damiani

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice DietrichOntario Superior Court of Justice3 orders, Jun 2025 – Jul 202689 cases on record

Counsel of record

PartyCounselFirst seenSource
ApplicantEquitable BankBlaney McMurtry LLP19 Jun 2025Order · 19 Jun 2025
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredEquitable Bank · in 16 casesSecurity interest in the Real Property (79 Berkeley Street and 535-535A Adelaide Street East, Toronto) — debtor: Peace Point Properties Limited$2.13MNotice and Statement of Receiver

6 more claims across lower-ranking classes

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Sale processAs stated in the filings

Sale approved — Transaction approved and vesting order granted for the credit bid saleApproval and Vesting Order · 13 Jul 2026

PurchaserPriceStatusSource
Vista Mortgage Capital CorporationCredit bidthe Debtor's right, title and interest in and to the Purchased Assets · real property · agreement 30 Jun 2026SubscribersApproved13 Jul 2026Approval and Vesting Order
Closing termsvesting effective upon delivery of the Receiver's Certificate confirming payment of purchase price, satisfaction/waiver of closing conditions, and completion of the TransactionApproval and Vesting Order
Sealed materialssummary of offers and real estate broker's assessment of value for the Real Property; unredacted copy of the Credit Bid APA; determination of the Purchase Price under the Credit Bid APAApproval and Vesting Order
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
9 filings
DateDocumentFile
Approval and Vesting Order
  • Closing terms vesting effective upon delivery of the Receiver's Certificate confirming payment of purchase price, satisfaction/waiver of closing conditions, and completion of the Transaction
  • Purchaser Vista Mortgage Capital Corporation (credit bid) · the Debtor's right, title and interest in and to the Purchased Assets · real property · approved
  • Sale outcome Sale approved — Transaction approved and vesting order granted for the credit bid sale
  • Sealed items summary of offers and real estate broker's assessment of value for the Real Property; unredacted copy of the Credit Bid APA; determination of the Purchase Price under the Credit Bid APA
  • + 1 more extracted fact
PDF · Subscribers
Endorsement of Justice J. Dietrich
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Fee Approval Order
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Motion Record – Returnable July 13, 2026PDF · Subscribers
Order to Continue (Issued November 7, 2025)
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Notice and Statement of Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Court Order – Receivership Order
  • Applicant Equitable Bank
  • Appointee Bricks Damiani Inc.
  • Appointee role receiver and manager
  • Commencement date 19 June 2025
  • + 6 more extracted facts
PDF · Subscribers
Endorsement – Justice Dietrich
  • Presiding officer Justice Dietrich
PDF · Subscribers
Application Record
  • Applicant Equitable Bank
  • Appointee Bricks Damiani Inc.
  • Appointee role receiver
  • Commencement date 10 March 2025
  • + 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., “Peace Point Properties Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/peace-point-properties-limited

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Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/peace-point-properties-limited

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.

Peace Point Properties Limited — Receivership | Proceedings.