Proceedings.

Reid Investments Ltd. et al.

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Active
Proceeding
Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act and 65(7) of the Personal Property Security Act
File
1703-21274
Filings held173
Last activity1 Nov 2022
On the record2,840 days
Secured debt$35.2M
OverviewSummary updated

Reid Investments Ltd. and the related respondents have been in court-appointed receivership since November 2, 2017, when the Court of King's Bench of Alberta appointed Alvarez & Marsal Canada Inc. receiver and manager on the application of Royal Bank of Canada under section 243 of the Bankruptcy and Insolvency Act and sections 13(2) of the Judicature Act and 65(7) of the Personal Property Security Act, in court file 1703 21274. A preliminary list of creditors as at November 2, 2017, submitted by the debtor without admission as to liabilities, records secured claims of $35,217,103.40 and $26,979,528.70 to Royal Bank of Canada and $27,156,919.00 to Canada ICI Capital Corporation. The largest unsecured claims are intercompany, led by Reid Investments Ltd. at $12,461,607.43 and Builder's Direct Supply Ltd. at $11,695,749.00. The receivership is active.

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Case updates174 dated entries
#Report

The officer filed report no. Twentieth Report. The Receivership has substantially wound down after completing 68 asset transactions realizing $130.2 million; the Receiver is now addressing the CRA's pre-filing GST claims and has assigned four Reid Group entities into bankruptcy.

Source: Twentieth Report of the Receiver (November 1, 2022)

#Order

The court appointed Alvarez & Marsal Canada Inc. as receiver and manager, on the application of ALVAREZ & MARSAL CANADA INC. in its capacity as Court-appointed Receiver of the current and future assets, undertakings and properties of REID-BUILT HOMES LTD., 1679775 ALBERTA LTD., REID WORLDWIDE CORPORATION, BUILDER'S DIRECT SUPPLY LTD., REID BUILT HOMES CALGARY LTD, REID INVESTMENTS LTD., and RE. Court file 1703-21274.

Source: Extending Receivership Order (December 13, 2018)

Parties

Debtor

Reid Investments Ltd. et al.

Receiver

Alvarez & Marsal

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice GraesserCourt of King's Bench of Alberta8 orders, Apr 2018 – Apr 20199 cases on record
Justice HillierCourt of King's Bench of Alberta4 orders, Nov 2017 – Apr 201810 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorAndresen, MichelleMcAllister LLP26 Feb 2018Service list · 26 Feb 2018
CreditorArnston, MikkelReynolds Mirth Richards & Farmer LLP26 Feb 2018Service list · 26 Feb 2018
CreditorBadami, AdityaNorton Rose Fulbright Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorBourassa, KellyBlake, Cassels & Graydon LLP26 Feb 2018Service list · 26 Feb 2018
CreditorBowler, AaronNorton Rose Fulbright Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorChan, NicholasBennett Jones LLP26 Feb 2018Service list · 26 Feb 2018
CreditorDavis, KathleenProfessional Corporation26 Feb 2018Service list · 26 Feb 2018
CreditorDuke, TomMiller Thomson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorGeisterfer, AndrewMasuch Albert LLP26 Feb 2018Service list · 26 Feb 2018
CreditorGorman, Howard ANorton Rose Fulbright Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorGray, WilliamMiles Davison LLP26 Feb 2018Service list · 26 Feb 2018
CreditorHagg, JohnStillman LLP26 Feb 2018Service list · 26 Feb 2018
CreditorHarnett, PatrickMiller Thomson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorHenderson, GrahamMcLennan Ross LLP26 Feb 2018Service list · 26 Feb 2018
CreditorHitesman, DeanDentons Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorIrwin, JasonMiles Davison LLP26 Feb 2018Service list · 26 Feb 2018
CreditorLirette, VictorReynolds Mirth Richards & Farmer LLP26 Feb 2018Service list · 26 Feb 2018
CreditorLowenstein, HowardFric, Lowenstein & Co. LLP26 Feb 2018Service list · 26 Feb 2018
CreditorMcCabe, MichaelReynolds Mirth Richards & Farmer LLP26 Feb 2018Service list · 26 Feb 2018
CreditorMcgee, JohnField Law26 Feb 2018Service list · 26 Feb 2018
CreditorMcLean, AshleyBennett Jones LLP26 Feb 2018Service list · 26 Feb 2018
CreditorPeterson, TaraWarren Benson Amantea LLP26 Feb 2018Service list · 26 Feb 2018
CreditorRowan, KentOgilvie LLP26 Feb 2018Service list · 26 Feb 2018
CreditorRussell, CharlesMcLennan Ross LLP26 Feb 2018Service list · 26 Feb 2018
CreditorRutman, RayDentons Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorRyzuk, PaulMiller Thomson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorSimard, ChrisBennett Jones LLP26 Feb 2018Service list · 26 Feb 2018
CreditorSnider, RileyWitten LLP26 Feb 2018Service list · 26 Feb 2018
CreditorTaylor-Smith, NicoleMiller Thomson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorTeasdale, AlexisBennett Jones LLP26 Feb 2018Service list · 26 Feb 2018
CreditorWeatherill, StuartEmery Jamieson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorWhitlock, RileyNorton Rose Fulbright Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorWilliams, NicholasDentons Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorWilliams, VanessaBlake, Cassels & Graydon LLP26 Feb 2018Service list · 26 Feb 2018
CreditorYoung, CatherineMasuch Albert LLP26 Feb 2018Service list · 26 Feb 2018
CreditorYounggren, BethDunphy Best Blocksom LLP26 Feb 2018Service list · 26 Feb 2018
CreditorZahara, RyanBlake, Cassels & Graydon LLP26 Feb 2018Service list · 26 Feb 2018
Capital structureAs asserted in the filings
stated amounts, drawn to scale · the 184 smallest grouped as one mark
#Priority classCreditorAmountSource
4SecuredRoyal Bank Of Canada · in 556 casesdebtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$35.2MCreditor List
4SecuredCanada ICI Capital Corporation · in 8 casesPreliminary List of Creditors as at Nov 2, 2017, as submitted by Debtor without admission as to liabilities — debtor: Reid Worldwide Corporation · as of 2 Nov 2017$27.2MCreditor List
4SecuredRoyal Bank Of Canada · in 556 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$27MCreditor List
4SecuredVilleneuve CommunitiesDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$9.04MCreditor List
4SecuredKV Capital · in 3 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$8.59MCreditor List
4SecuredGeorgetown Townhouse GPDeveloper Land Payable — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$6.96MCreditor List
4SecuredLaurentian Bank of Canada · in 15 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$5.97MCreditor List
4Secured1831575 Alberta Ltd.debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$5.11MCreditor List
4SecuredLewis Estates Communities IncDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$4.91MCreditor List
4SecuredKV Capital · in 3 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$4.51MCreditor List
4SecuredGenesis · in 2 casesDeveloper Land Payable — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$3.79MCreditor List
4SecuredCanadian Western Bank · in 80 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$3.73MCreditor List
4SecuredRapperswill Developments LTDDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$3.48MCreditor List
4SecuredLaurentian Bank of Canada · in 15 casesdebtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$2.66MCreditor List
4SecuredLa Vita LandDeveloper Land Payable — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$2.65MCreditor List
4SecuredCobra Mortgage Services Ltd. · in 3 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.9MCreditor List
4SecuredWinterburn DevelopmentsDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$1.84MCreditor List
4SecuredJesperdale Communities IncDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$1.38MCreditor List
4SecuredRosenthal Communities IncDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$1.31MCreditor List
4SecuredMelcor DevelopmentsDeveloper Land Payable — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.28MCreditor List
4SecuredJovicadebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.03MCreditor List
4SecuredDream DevelopmentsDeveloper Land Payable — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1MCreditor List
4SecuredWalton Big Lake Development L.PDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$765KCreditor List
4SecuredThe City of Edmonton Tax Collection SectionMunicipal tax secured claim — debtor: Reid Worldwide Corporation · as of 2 Nov 2017$745KCreditor List
4SecuredRoyal Bank of Canada · in 556 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$517KCreditor List
4SecuredPollyco DevelopmentsDeveloper Land Payable — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$334KCreditor List
4SecuredThe City of Calgary · in 10 casesMunicipal tax secured claim — debtor: Reid Worldwide Corporation · as of 2 Nov 2017$216KCreditor List
4SecuredThe City of St. AlbertMunicipal tax secured claim — debtor: Reid Worldwide Corporation · as of 2 Nov 2017$161KCreditor List
4SecuredCity Of St. Albert · in 2 casesmunicipal taxes — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$133KCreditor List
4SecuredCity Of Chestermeremunicipal taxes — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$114KCreditor List
4SecuredCity Of Spruce Grove · in 4 casesmunicipal taxes — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$99.9KCreditor List
4SecuredQualico Buckingham Developments LTDDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$96.7KCreditor List
4Secured1510837 Alberta LtdDeveloper Land Payable — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$76.4KCreditor List
4SecuredCity Of Airdrie · in 2 casesmunicipal taxes — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$73.3KCreditor List
4SecuredThe City Of Calgary · in 10 casesmunicipal taxes — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$54.6KCreditor List
4SecuredTown Of Strathmoremunicipal taxes — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$29.3KCreditor List
4SecuredTown Of Cochrane · in 2 casesmunicipal taxes — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$29KCreditor List
4SecuredTown Of Stony Plainmunicipal taxes — debtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$20KCreditor List
4SecuredTown Of Crossfieldmunicipal taxes — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$13.7KCreditor List
8UnsecuredReid Investments Ltd.Intercompany creditor; related party — debtor: Reid Capital Corp. · as of 2 Nov 2017$12.5MCreditor List
8UnsecuredBuilder's Direct Supply Ltd.Intercompany creditor — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$11.7MCreditor List
8UnsecuredReid-Built Homes Ltd.Intercompany creditor; related party — debtor: Reid Investments Ltd. · as of 2 Nov 2017$8.92MCreditor List
8Unsecured1679775 Alberta Ltd.Intercompany creditor; related party — debtor: Reid Capital Corp. · as of 2 Nov 2017$5.5MCreditor List
8UnsecuredReid-Built Homes Ltd.Intercompany creditor; related party — debtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$4.18MCreditor List
8UnsecuredReid-Built Homes Ltd.Intercompany creditor; related party — debtor: Reid Capital Corp. · as of 2 Nov 2017$3.8MCreditor List
8UnsecuredClark Builders · in 2 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$2.01MCreditor List
8Unsecured1679775 Alberta Ltd.Intercompany creditor; related party — debtor: Reid Investments Ltd. · as of 2 Nov 2017$1.94MCreditor List
8UnsecuredReid Worldwide CorporationIntercompany creditor; related party — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.26MCreditor List
8UnsecuredRaywalt Const Co Ltd.debtor: Reid Worldwide Corporation · as of 2 Nov 2017$959KCreditor List
8UnsecuredRob's Drywall Services Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$794KCreditor List
8UnsecuredReid-Built Homes Ltd.Intercompany creditor; related party — debtor: Reid Worldwide Corporation · as of 2 Nov 2017$721KCreditor List
8UnsecuredStandard Generaldebtor: Reid Worldwide Corporation · as of 2 Nov 2017$692KCreditor List
8UnsecuredBuilder's Direct Supply Ltd.debtor: Reid Worldwide Corporation · as of 2 Nov 2017$667KCreditor List
8UnsecuredReid-Built Homes Ltd.Intercompany creditor — debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$659KCreditor List
8UnsecuredWildwood Cabinetsdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$427KCreditor List
8UnsecuredMajestic Electric Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$415KCreditor List
8UnsecuredBuilders Rockdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$396KCreditor List
8UnsecuredParker Dubrule "In Trust"debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$327KCreditor List
8Unsecured1679775 Alberta Ltd.Intercompany creditor; related party — debtor: Reid-Built Homes Calgary Ltd. · as of 2 Nov 2017$323KCreditor List
8UnsecuredReid Worldwide CorporationIntercompany creditor; related party — debtor: Reid-Built Homes Calgary Ltd. · as of 2 Nov 2017$255KCreditor List
8UnsecuredAllstar Construction Ltd.debtor: Reid Worldwide Corporation · as of 2 Nov 2017$246KCreditor List
8UnsecuredPly Gem Canada Incdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$243KCreditor List
8UnsecuredW.M. Schmidtdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$196KCreditor List
8UnsecuredPrattco Excavating Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$179KCreditor List
8UnsecuredSiena Flooring Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$176KCreditor List
8UnsecuredPricewaterhouseCoopers LLP · in 37 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$148KCreditor List
8UnsecuredRegal Building Material Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$143KCreditor List
8UnsecuredTrail Appliances Ltd. · in 2 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$131KCreditor List
8UnsecuredProdigy Painting Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$126KCreditor List
8UnsecuredCity Of Leduc · in 2 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$108KCreditor List
8UnsecuredSignature Fans & Lightingdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$93KCreditor List
8UnsecuredR & R Bruno Enterprises Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$84.8KCreditor List
8UnsecuredWatt Consulting Group Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$73.7KCreditor List
8UnsecuredZytech Building Systems LP · in 2 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$72.1KCreditor List
8UnsecuredQuang Le and Hang Dinhdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$71KCreditor List
8UnsecuredSpindle, Stairs & Railingsdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$70.9KCreditor List
8UnsecuredWhirlpool Canada LP · in 5 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$68.6KCreditor List
8UnsecuredNailed It Landscapingdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$66.5KCreditor List
8UnsecuredHigh Standard Landscapedebtor: Reid Worldwide Corporation · as of 2 Nov 2017$64.7KCreditor List
8UnsecuredWren Developmentsdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$61.5KCreditor List
8UnsecuredUltra-Lite Doorsdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$56.3KCreditor List
8UnsecuredSwinging Hammers Construction Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$55.5KCreditor List
8UnsecuredBuckwold Westerndebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$52.8KCreditor List
8UnsecuredT & T Disposal Servicesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$48.6KCreditor List
8UnsecuredSelect Engineering Consultants Ltd.debtor: Reid Worldwide Corporation · as of 2 Nov 2017$48.3KCreditor List
8UnsecuredTamar Painting Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$42.5KCreditor List
8UnsecuredScotty's Rentals & Landscaping Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$41.4KCreditor List
8UnsecuredOakfield Construction Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$40.9KCreditor List
8UnsecuredEmployees · in 185 casespossible preferred wage claim, class not specified in text — debtor: Reid Worldwide Corporation · as of 2 Nov 2017$39.5KCreditor List
8UnsecuredRMG Loyaltydebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$37.8KCreditor List
8UnsecuredRobert and Sharon Labinedebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$37KCreditor List
8UnsecuredMcLean Contracting (2004) · in 2 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$36.3KCreditor List
8UnsecuredSital and Kulwinder Moredebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$36.1KCreditor List
8UnsecuredPayl Van der Stoop and Kathy O'Briendebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$36KCreditor List
8UnsecuredMarny and Zargy Yardebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$33.9KCreditor List
8UnsecuredParker Dubruledebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$32.9KCreditor List
8UnsecuredSharikah Yar and Woffa Wardakdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$32.6KCreditor List
8UnsecuredNorthern Power Corporationdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$32.6KCreditor List
8UnsecuredSerge and Annie Gauthier Desrochersdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$32.3KCreditor List
8UnsecuredRyan Pratt and Camilla Forbesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$32.2KCreditor List
8UnsecuredMaulik and Arti Panditdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$31.7KCreditor List
8UnsecuredTommy and Wendy Peeldebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$31.4KCreditor List
8UnsecuredShawn Hacking and Phalen Randelldebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$31.1KCreditor List
8UnsecuredPrecision Audio & Design Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$31.1KCreditor List
8UnsecuredSunshine Exteriorsdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$30.9KCreditor List
8UnsecuredStanley Giangdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$29.4KCreditor List
8UnsecuredMichael Thai and Kim Nguyendebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$28KCreditor List
8UnsecuredWoodrose Photographicdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$27.3KCreditor List
8UnsecuredB.A. Robinson Co. Ltd. · in 2 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$27.1KCreditor List
8UnsecuredReid Worldwide CorporationIntercompany creditor; related party — debtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$26.8KCreditor List
8UnsecuredSukbar and Jaswinder Kaur Waraichdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$26.2KCreditor List
8UnsecuredRemaxdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$25.8KCreditor List
8UnsecuredRegal Shelf & Mirror Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$25.4KCreditor List
8UnsecuredTBA Cleaning Services Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$24.5KCreditor List
8UnsecuredRocky View Publishingdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$24.2KCreditor List
8UnsecuredSucasa Constructiondebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$22.4KCreditor List
8UnsecuredIBI Group · in 5 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$21.9KCreditor List
8UnsecuredWindcraft Finishing Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$21.4KCreditor List
8UnsecuredWestmere Communities Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$21.3KCreditor List
8UnsecuredPaul Van der Voortdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$20.5KCreditor List
8UnsecuredGovernment Of Alberta Tax & Revenuedebtor: Reid Worldwide Corporation · as of 2 Nov 2017$18.8KCreditor List
8UnsecuredCarlon Carpets Ltddebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$16.7KCreditor List
8UnsecuredPit Stop Portable Toilet Servidebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$15.3KCreditor List
8UnsecuredTheater Poster Exchange Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$15.1KCreditor List
8UnsecuredHunter Douglas Window Fashionsdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$15KCreditor List
8UnsecuredRogers Media Inc. · in 5 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$14.1KCreditor List
8UnsecuredLawnz Incdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$12.8KCreditor List
8UnsecuredVinh's Finishing & Millwork Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$12.6KCreditor List
8UnsecuredEmployees · in 185 casespossible preferred wage claim, class not specified in text — debtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$12.4KCreditor List
8UnsecuredStonetile (Canada) Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$11.4KCreditor List
8UnsecuredJ.R. Paine & Associates Ltd. · in 4 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$11.1KCreditor List
8UnsecuredPricewaterhouseCoopers LLP · in 37 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$10.5KCreditor List
8UnsecuredPavle Bojcundebtor: Reid Worldwide Corporation · as of 2 Nov 2017$10KCreditor List
8UnsecuredVolodymyr Chypurkodebtor: Reid Worldwide Corporation · as of 2 Nov 2017$10KCreditor List
8UnsecuredAgnieszka Gurneydebtor: Reid Worldwide Corporation · as of 2 Nov 2017$10KCreditor List
8UnsecuredRob And Leanne Haightdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$10KCreditor List
8UnsecuredBorys And Paula Hawryszdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$10KCreditor List
8UnsecuredHomexx Corporationdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$10KCreditor List
8UnsecuredShawn And Lori Russettdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$10KCreditor List
8UnsecuredJason And Karen Kunykdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$10KCreditor List
8UnsecuredReid-Built Homes Ltd.Intercompany creditor; related party — debtor: Reid-Built Homes Calgary Ltd. · as of 2 Nov 2017$9.5KCreditor List
8UnsecuredR.V. Engineering Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$8.61KCreditor List
8UnsecuredShell Canada Products · in 14 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$8.23KCreditor List
8UnsecuredRoyal Lepagedebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$7.98KCreditor List
8UnsecuredPattison Outdoor Centraldebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$7.09KCreditor List
8UnsecuredBlake And Michelle Hoeberdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$7KCreditor List
8UnsecuredDP Express Ltddebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$6.59KCreditor List
8UnsecuredAmes Tile & Stone · in 4 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$6.53KCreditor List
8UnsecuredSterling Toews Finishing Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$6.41KCreditor List
8UnsecuredPalliser Furniture Ltd · in 2 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$6.38KCreditor List
8UnsecuredSabre Insurance Inc.debtor: Reid Worldwide Corporation · as of 2 Nov 2017$6.32KCreditor List
8UnsecuredMBE Office Services Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$6.2KCreditor List
8UnsecuredNW Furnace Ltd.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$5.76KCreditor List
8UnsecuredPostmedia Network Inc. · in 3 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$5.26KCreditor List
8UnsecuredOne Stop Rentalsdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$4.53KCreditor List
8UnsecuredMTS Landscaping & Constructiondebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$3.85KCreditor List
8UnsecuredCentura · in 2 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$3.56KCreditor List
8UnsecuredStrathmore Timesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$3.52KCreditor List
8UnsecuredOlympia Tile · in 2 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$3.36KCreditor List
8UnsecuredWorkers Compensation Board · in 14 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$3.19KCreditor List
8UnsecuredMulticultural Broadcasting Corporation Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$3.15KCreditor List
8UnsecuredNewcap Radio · in 2 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$3.07KCreditor List
8UnsecuredRick Balbi Architect Ltd. · in 3 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$3.05KCreditor List
8UnsecuredStallion Van Lines Ltd.debtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$2.8KCreditor List
8UnsecuredThe Newsy Neighbour Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$2.3KCreditor List
8UnsecuredShaw Cablesystems G.P. · in 11 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$2.26KCreditor List
8UnsecuredJulian Ceramic Tile Incdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$2.24KCreditor List
8UnsecuredRogers Wireless · in 26 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.92KCreditor List
8UnsecuredFelesky Flynndebtor: Reid Worldwide Corporation · as of 2 Nov 2017$1.88KCreditor List
8UnsecuredRoyal Bank Visa · in 8 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$1.86KCreditor List
8UnsecuredRona Inc. · in 13 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.81KCreditor List
8UnsecuredMaria Smithdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.5KCreditor List
8UnsecuredSource Media Groupdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.44KCreditor List
8UnsecuredStudio 4 Designs Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.15KCreditor List
8UnsecuredPorta Paldebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.13KCreditor List
8UnsecuredTelus Communications Inc · in 6 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1.03KCreditor List
8UnsecuredThavy Teng and Lina Chheangdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1KCreditor List
8UnsecuredPhil and Sandy Sewarddebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$1KCreditor List
8UnsecuredWilco Contractors Southwest Inc.debtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$806Creditor List
8UnsecuredProvincial Treasurer Of Alberta · in 2 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$756Creditor List
8UnsecuredDelapaz, Vilmadebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$700Creditor List
8UnsecuredSasseville, Doreendebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$700Creditor List
8UnsecuredMinolta Business Solutionsdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$624Creditor List
8UnsecuredWorkers' Compensation Board · in 14 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$602Creditor List
8UnsecuredImperial Oil · in 29 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$587Creditor List
8UnsecuredTeraGo Networks Inc. · in 9 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$578Creditor List
8UnsecuredShred-It International ULC · in 31 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$402Creditor List
8UnsecuredEnmax · in 61 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$295Creditor List
8UnsecuredDirect Energy Regulated Services · in 58 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$277Creditor List
8UnsecuredStaples Advantage · in 15 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$275Creditor List
8UnsecuredRain Man Irrigation & Plumbingdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$273Creditor List
8UnsecuredThyssenkrupp Elevator · in 10 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$267Creditor List
8UnsecuredRMCPdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$207Creditor List
8UnsecuredZybertech Construction Softwaredebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$184Creditor List
8UnsecuredSarbinder Khehradebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$177Creditor List
8UnsecuredPaladin Technologies · in 5 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$110Creditor List
8UnsecuredTelus Communications (Edm) Inc · in 39 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$73Creditor List
8UnsecuredThe Government Of Alberta Land Titlesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$50Creditor List
8UnsecuredTelus Communications Inc. · in 27 casesdebtor: Reid Worldwide Corporation · as of 2 Nov 2017$46Creditor List
8UnsecuredPurolator Courier Ltd. · in 53 casesdebtor: 1679775 Alberta Ltd. · as of 2 Nov 2017$39Creditor List
8UnsecuredHome Depot Credit Services · in 13 casesdebtor: Builder's Direct Supply Ltd. · as of 2 Nov 2017$18Creditor List

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

27 transactions · 26 proposed · 1 closedReceiver seeking approval of the Head Office sale via the Head Office SAVO applicationNineteenth Report of Receiver (September 20, 2021) · 20 Sep 2021

PurchaserPriceStatusSource
unnamed individual home purchasers under ordinary course home sales transactions5 home sales transactions · real property$2net sales proceeds after closing costs and paying out the developer of certain lots not owned by RBH, in millionsCloseddate not statedFirst Report of the Receiver (November 24, 2017)
Landstar Holdings Inc., Aegean Real Estate Corporation and Class Act Investments Inc.the Receiver's interest in certain assets (the "Purchased Assets") including 50 shares (the "Shares") in 1087032 B.C. Ltd. (the "General Partner") and 475,940 Class B units (the "Units') in the Blackmun Bay Development Limited Partnership · assets and shares · agreement 23 Mar 2018not statedthe consideration for the transfer of the Units shall be the sum of $2,499,999 and the consideration for the transfer of the Shares shall be $1ProposedThird Report of the Receiver (March 23, 2018)
Dolce Vita Homes LPRBH's interest (lot deposits) in 18 vacant lots owned by Winterburn Developments Inc. in the Rosenthal subdivision in Edmonton, Alberta (the 'Dolce Vita Assets') · asset sale$406KProposedFifth Report of the Receiver (April 16, 2018)
Genesis Land Development Corp.167's interest in 20 partially completed homes and 34 vacant lots in the Bayside subdivision in Calgary, Alberta (the 'Genesis Assets') · asset sale$5 (mixed consideration)Cash payment of $5.2 million plus forgiveness of amounts owing under developer lot purchase agreements totaling approximately $3.7 millionProposedFifth Report of the Receiver (April 16, 2018)
Amazon Hauling Ltd.Westmere · real property$3.19MProposedSixth Report of the Receiver (May 9, 2018)
ElitePark West · real propertynot statedProposedSixth Report of the Receiver (May 9, 2018)
Footprint Development Group Inc.Granville Lands · real property$2.64MProposedSixth Report of the Receiver (May 9, 2018)
Green Cedar Homes Inc.Westmere · real property$1.87MProposedSixth Report of the Receiver (May 9, 2018)
KV Capital Inc.Credit bidDeerfoot Professional Building · real property$5M (credit bid)credit bid against KV Capital's first mortgage debt of approximately $9.86 millionProposedSixth Report of the Receiver (May 9, 2018)
La Vita Land Inc.purchased assets under the La Vita Offer · real propertynot statedpurchase price presented net of developer land payables of approximately $3.5 million and builders' liens of $200,000ProposedSixth Report of the Receiver (May 9, 2018)
VoitureHawkstone · real propertynot statedProposedSixth Report of the Receiver (May 9, 2018)
Canterbury Park Developments Inc.the loan (the "Canterbury Mortgage") due from Canterbury Park Developments Inc. to 167 secured by a second mortgage against a one-third undivided interest in an approximately 160-acre parcel of un-developed land in southeast Calgary, Alberta · asset sale · nominee/assignee: a nominee of Canterbury$750KProposedEighth Report of the Receiver (June 13, 2018)
Douglas Homes Ltd.Westmere · real property$802Purchase Price ($000s) 802ProposedEighth Report of the Receiver (June 13, 2018)
Genstar Development Limited Partnership #3the Riverside development lands located in St. Albert, Alberta and certain related cost recoveries receivable · real propertynot statedProposedEighth Report of the Receiver (June 13, 2018)
Armour Developments Ltd.167's interest in 10 partially completed homes and 54 vacant lots in the Skypointe subdivision in Calgary, Alberta owned by 167 (the 'Armour Assets') · asset sale$1.85Kfigures in table are in $000s; amount as printedProposedNinth Report of the Receiver (June 28, 2018)
Divine Luxury Homes Inc.residential inventory - Westmere · asset sale$350figures in table are in $000s; amount as printedProposedNinth Report of the Receiver (June 28, 2018)
Norstar Builders Ltd.one residential building lot and 43 completed and partially constructed homes · asset salenot statedgross purchase price of $8.0 million; stated amount not found on pageProposedNinth Report of the Receiver (June 28, 2018)
1831575 Alberta Ltd.60 homes and lots in the Reid Group's Spruce Ridge subdivision, including 26 work-in-progress homes with an average of 63% completion and 34 vacant lots (the "Purchased Assets") · asset sale · nominee/assignee: 183's nominee$6 (mixed consideration)gross purchase price of approximately $5.7 million includes: a cash payment to the Receiver of $200,000 upon closing; assumption by 183 or its nominee of accrued property taxes of approximately $116,000; and deemed repayment of the 183 Mortgage of approximately $5.4 millionProposedEleventh Report of the Receiver (September 11,…
Richard Abelall of the Receiver's and Mrs. Reid's interest in the Pigeon Lake Property · real property · agreement 9 Oct 2018$920KProposedTwelfth Report of the Receiver (October 12,…
2048765 Alberta Ltd.residential real property, Hawks Ridge subdivision · real property$480Kfigures in thousands ($000s) per tableProposedFourteenth Report of the Receiver (April 16,…
Homexx Corporationone completed home in the Edmonton Hawks Ridge subdivision · real property$341Kgross purchase priceProposedFourteenth Report of the Receiver (April 16,…
the other three joint venturers holding the remaining 90% interest in the Villeneuve JVRWW's right, title and interest in the Villeneuve Property (Participating Interest and Shares in Villeneuve Communities Inc.) · share sale · agreement 16 May 2019$3.3MProposedFifteenth Report of the Receiver (May 16, 2019)
Lakeview Developments Inc.25 residential vacant lots and 1 commercial vacant lot located in Spruce Grove, Alberta (the 'Lakewood Property') · real property$750KProposedSixteenth Report of the Receiver (June 21, 2019)
Shepherd West Ltd.residential real property, Verte subdivision · real property$2.12Mtable shows total purchase price $2,115 (in thousands)ProposedSixteenth Report of the Receiver (June 21, 2019)
Solar Cittee Developments Ltd.the Energy Crossing industrial condominium located in Leduc, Alberta · real property · nominee/assignee: Energy Crossing Leduc Inc.$4.3MProposedSixteenth Report of the Receiver (June 21, 2019)
2164685 Alberta Ltd.the Receiver's right, title and interest in the Fairways North development property located in Stony Plains, Alberta · real property · agreement 22 Oct 2019$4 (mixed consideration)216 submitted an offer for $3.3 million cash consideration and replacement of the Letter of Credit, resulting in total consideration of $4.1 millionProposedEighteenth Report of Receiver (March 3, 2020)
Serv-All Mechanical Services Ltd.all of the Receiver's interest in and to the Head Office · real property · nominee/assignee: 2320033 Alberta Ltd. ('232') · agreement 23 Jul 2021$2.3MProposedNineteenth Report of Receiver (September 20,…
AdvisorsCBRE Limited (listing broker); Colliers (listing broker); JLL Real Estate Services, Inc. (listing broker); Re/Max Real Estate (Edmonton) Ltd. (listing broker); Jones Lang LaSalle Real Estate Services Inc. (listing broker); Cushman & Wakefield Edmonton (listing broker)Sixteenth Report of the Receiver (June 21, 2019)
RecoveriesAs stated in the filings

Unsecured creditors: shortfall.EstimatedSixth Report of the Receiver (May 9, 2018) · 9 May 2018

ClassCreditorClaimsRecoveryBasisSource
Securedbuilders' lien claimants against Reid Built entity propertiesno recoveryper the receiverSixth Report of the Receiver (May 9, 2018) · 9 May 2018
Unsecuredprior-registered security claimantsshortfallEstimatedper the receiverSixth Report of the Receiver (May 9, 2018) · 9 May 2018

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived

Cumulative receipts

$130M

As at 1 Nov 2022Twentieth Report of the Receiver (November 1, 2022)

Documents
173 filings
DateDocumentFile
Twentieth Report of the Receiver (November 1, 2022)
  • Operational summary The Receivership has substantially wound down after completing 68 asset transactions realizing $130.2 million; the Receiver is now addressing the CRA's pre-filing GST claims and has assigned four Reid Group entities into bankruptcy.
  • Receipts cumulative $130M · Note: Cumulative cash consideration from 68 completed sale transactions of Reid Group assets to date, as stated in the body of the report; not a formal receipts and disbursements statement.
  • Report date 1 November 2022
  • Report no Twentieth Report
PDF
Affidavit of D. Awid (CRA) Sworn October 25, 2022PDF
Application by Department of Justice Canada re GST Claims (October 25, 2022)PDF
Brief of Attorney General of Canada (October 25, 2022)PDF
Sale Approval and Vesting Order re Head Office (October 1, 2021)PDF
Application for Sale Approval and Vesting Order re Head OfficePDF
Nineteenth Report of Receiver (September 20, 2021)
  • Process results 7 bids
  • Purchaser Serv-All Mechanical Services Ltd. · nominee/assignee 2320033 Alberta Ltd. ('232') · all of the Receiver's interest in and to the Head Office · real property · $2.3M · proposed
  • Sale advisor Colliers International (listing broker)
  • Sale outcome Approval pending — Receiver seeking approval of the Head Office sale via the Head Office SAVO application
PDF
Sale and Approval and Vesting Order re Fairways (March 11, 2020)PDF
Application for Sale Approval and Vesting Order re Fairways (March 3, 2020)PDF
Eighteenth Report of Receiver (March 3, 2020)
  • Process results 2 bids · as of 27 Sep 2018
  • Purchaser 2164685 Alberta Ltd. · the Receiver's right, title and interest in the Fairways North development property located in Stony Plains, Alberta · real property · $4 · proposed
  • Sale advisor Colliers International (listing broker)
  • Sale outcome Approval pending — Receiver seeking approval of the 216 Offer for the Fairways Lands, sale not yet approved by Court
PDF
Application for Release of Lien Holdback (October 2, 2019)PDF
Seventeenth Report of the Receiver (October 2, 2019)PDF
Sale Approval and Vesting Order re EAM Transaction (June 28, 2019)PDF
Sale Approval and Vesting Order re Lakeview Developments Inc. (June 28, 2019)PDF
Sale Approval and Vesting Order re Shepherd West Ltd. (June 28, 2019)PDF
Sale Approval and Vesting Order re Solar Cittee Developments Ltd. (June 28, 2019)PDF
Application for Sale Approval and Vesting Order re EAM Transaction (June 25, 2019)PDF
Receiver’s Supplement to Sixteenth Report (June 25, 2019)
  • Sale outcome Approval pending — the Receiver will be seeking approval of the transaction with EAM on June 28, 2019
PDF
Application for Sale Approval and Vesting Order re Shepherd West, Lakeview, Solar Citee (June 21, 2019)PDF
Sixteenth Report of the Receiver (June 21, 2019)
  • Purchaser Shepherd West Ltd. · 9 substantially completed residential homes owned by 167 in the Edgefield and Fireside subdivisions · real property · $2.12M · proposed; Lakeview Developments Inc. · 25 residential vacant lots and 1 commercial vacant lot located in Spruce Grove, Alberta (the 'Lakewood Property') · real property · $750K · proposed; Solar Cittee Developments Ltd. · nominee/assignee Energy Crossing Leduc Inc. · the Energy Crossing industrial condominium located in Leduc, Alberta · real property · $4.3M · proposed
  • Sale advisor Jones Lang LaSalle Real Estate Services Inc. (listing broker); Cushman & Wakefield Edmonton (listing broker); Colliers International (listing broker)
  • Sale outcome Approval pending — three sale transactions pending court approval via SAVOs
PDF
Sale Approval and Vesting Order re Villeneuve JV (May 21, 2019)PDF
Application for Sale Approval and Vesting Order re Villeneuve JV (May 16, 2019)PDF
Fifteenth Report of the Receiver (May 16, 2019)
  • Purchaser the other three joint venturers holding the remaining 90% interest in the Villeneuve JV · RWW's right, title and interest in the Villeneuve Property (Participating Interest and Shares in Villeneuve Communities Inc.) · share sale · $3.3M · proposed
  • Sale outcome Approval pending — Receiver reached a sale agreement for the Villeneuve Property, subject to court approval
PDF
Order re Builders Liens (April 24, 2019)PDF
Order re Builders Liens 2 (April 24, 2019)PDF
Order re Builders Liens Registered against Developer Lands (April 24, 2019)
  • Presiding officer Justice Graesser
PDF
Sale Approval and Vesting Order re Homexx Corporation (April 24, 2019)PDF
Sale Approval and Vesting Order re Shepherd West Ltd. (April 24, 2019)PDF
Application for Three Sale Approval and Vesting Orders (April 16, 2019)PDF
Fourteenth Report of the Receiver (April 16, 2019)
  • Process results 3 bids · as of 16 Apr 2019
  • Purchaser Homexx Corporation · one completed home in the Edmonton Hawks Ridge subdivision · real property · $341K · proposed; 2048765 Alberta Ltd. · residential real property, Hawks Ridge subdivision · real property · $480K · proposed; Shepherd West Ltd. · residential real property, Verte subdivision · real property · $1.68M · proposed
  • Sale outcome Approval pending — three transactions involving sale of residential real property pending court approval via SAVOs
PDF
Sale Approval and Vesting Order re 2048765 Alberta Ltd. (April 14, 2019)PDF
Application for Advice and Directions re Form of Order (April 8, 2019)PDF
Judgment re Receiver's Charge (March 25, 2019)PDF
Memorandum of Judgment re Receiver's Charge (March 25, 2019)
  • Presiding officer Justice Ritu Khullar
PDF
Reasons for Decision re Liens (February 27, 2019)PDF
Lien Holdbacks (December 13, 2018)
  • Presiding officer Justice Graesser
PDF
Order Extending Receivership Order re Anchorview (December 13, 2018)
  • Applicant ALVAREZ & MARSAL CANADA INC.
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role receiver and manager
  • Commencement date 12 December 2018
  • + 3 more extracted facts
PDF
Seasonal Holdbacks (December 13, 2018)
  • Presiding officer Justice Graesser
PDF
Application re Extending Receivership (December 4, 2018)PDF
Application re Release of Seasonal Holdbacks (December 4, 2018)PDF
Thirteenth Report of the Receiver (December 4, 2018)PDF
Sale Approval and Vesting Order re Richard Abel (November 13, 2018)PDF
Application re Approval and Vesting Order re Abel (October 12, 2018)PDF
Twelfth Report of the Receiver (October 12, 2018)
  • Process results 3 bids · as of 9 Oct 2018
  • Purchaser Richard Abel · all of the Receiver's and Mrs. Reid's interest in the Pigeon Lake Property · real property · $920K · proposed
  • Sale advisor Re/Max Real Estate (Edmonton) Ltd. (listing broker)
  • Sale outcome Approval pending — Receiver accepted the Abel Offer, subject to court approval, and filed an application for approval
PDF
Amended Sale Approval and Vesting Order re Genstar Development - Reid Lots (October 3, 2018)PDF
Application re Expired Liens returnable October 3, 2018 (August 23, 2018)PDF
Letter to Service List re Reid Group October 3, 2018 Owner Application (August 28, 2018)PDF
Order re Expired and Duplicative Builders' Liens (October 3, 2018)
  • Presiding officer Justice Graesser
PDF
Approval and Vesting Order re 1831575 Alberta Ltd. (September 17, 2018)PDF
Brief re Direction in respect of Liens Registered Against Developer Lands (September 17, 2018)PDF
Brief re Expired Liens Registered Against Developer Lands (September 17, 2018)PDF
Affidavit of M. Adolph Sworn September 14, 2018PDF
Eleventh Report of the Receiver (September 11, 2018)
  • Purchaser 1831575 Alberta Ltd. · nominee/assignee 183's nominee · 60 homes and lots in the Reid Group's Spruce Ridge subdivision, including 26 work-in-progress homes with an average of 63% completion and 34 vacant lots (the "Purchased Assets") · asset sale · $6 · proposed
  • Sale outcome Approval pending — 183 SAVO approving the 183 Offer
PDF
Affidavit of S. Froese (1831575 Alberta Ltd.) Sworn on September 7, 2018PDF
Application for Approval and Vesting Order re 1831575 Alberta Ltd. (September 7, 2018)PDF
Affidavit of J. Mauro Sworn August 31, 2018PDF
Affidavit of S. Monson (Melcor) Sworn on August 31, 2018 (Excluding Exhibits)PDF
Letter to Reid Built Service List enclosing Affidavits re October 3 Owner Application (August 31, 2018)PDF
Affidavit of J. Pratt (Prattco) Sworn on August 29, 2018 (Excluding Exhibits)PDF
Affidavit of M. Foster (Rob's Drywall) Sworn on August 29, 2018 (Excluding Exhibits)PDF
Affidavit of S. Tailer (Davidson Enman) Sworn on August 29, 2018 (Excluding Exhibits)PDF
Tenth Report of the Receiver (August 23, 2018)PDF
Application for Advice and Direction re Builders' Liens against Developer Lands (August 7, 2018)PDF
Affidavit of A. Stefaniuk (Genesis) Sworn on August 01, 2018 (Excluding Exhibts)PDF
Sale Approval and Vesting Order re Norstar Builders (July 10, 2018)PDF
Amended Sale Approval and Vesting Order re Avtar Toor - Developer Lots (July 5, 2018)PDF
Amended Sale Approval and Vesting Order re Dhaliwal - Developer Lots (July 5, 2018)PDF
Letter to Lien Claimants re Application Scheduled for July 5, 2018 (June 28, 2018)PDF
Sale Approval and Vesting Order re Armour - Reid Lots (July 5, 2018)PDF
Sale Approval and Vesting Order re Divine - Developer Lots (July 5, 2018)PDF
Application for Three Sale Approval and Vesting Orders (June 28, 2018)PDF
Ninth Report of the Receiver (June 28, 2018)
  • Process results 32 bids · as of 28 Jun 2018
  • Purchaser Norstar Builders Ltd. · one residential building lot and 43 completed and partially constructed homes · asset sale · proposed; Armour Developments Ltd. · residential inventory - Lakes, Jesperdale, Silverstone SkyPointe · asset sale · $1.85K · proposed; Divine Luxury Homes Inc. · residential inventory - Westmere · asset sale · $350 · proposed
  • Sale outcome Approval pending — Receiver seeking approval of three transactions arising from Sales Process
PDF
Amended Sale Approval and Vesting Order re Footprint Development - Reid Lots (June 19, 2018)PDF
Amended Sale Approval and Vesting Order re Genesis - Developer Lots (June 19, 2018)PDF
Amended Sale Approval and Vesting Order re La Vita Land - Reid_Developer Lots (June 19, 2018)PDF
Order Approving Canterbury Assignment Agreement (June 19, 2018)
  • Presiding officer Justice Graesser
PDF
Sale Approval and Vesting Order re 2014695 Alberta - Reid Developer Lots (June 19, 2018)PDF
Sale Approval and Vesting Orders re Douglas Homes - Reid Lots (June 19, 2018)PDF
Sale Approval and Vesting order re Genstar Development - Reid Lots (June 19, 2018)PDF
Application for Three Sale Approval and Vesting Orders and an Assignment (June 13, 2018)PDF
Eighth Report of the Receiver (June 13, 2018)
  • Purchaser Douglas Homes Ltd. · Westmere · real property · $802 · proposed; Genstar Development Limited Partnership #3 · the Riverside development lands located in St. Albert, Alberta and certain related cost recoveries receivable · real property · proposed; Canterbury Park Developments Inc. · nominee/assignee a nominee of Canterbury · the loan (the "Canterbury Mortgage") due from Canterbury Park Developments Inc. to 167 secured by a second mortgage against a one-third undivided interest in an approximately 160-acre parcel of un-developed land in southeast Calgary, Alberta · asset sale · $750K · proposed
  • Sale outcome Approval pending — Receiver seeking approval of two Residential SAVOs, a Genstar SAVO, and a Canterbury Assignment Order
PDF
Reply Brief re Lauder Summary Judgment (May 18, 2018)PDF
Seventh Report of Receiver (May 18, 2018)PDF
Amended Sale Approval and Vesting Order re 2072604 Alberta Ltd. (May 16, 2018)PDF
Order re Release of Liens Holdback and Distribution (May 16, 2018)
  • Presiding officer Justice Graesser
PDF
Sale Approval and Vesting Order re Amazon Hauling - Reid Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re Avtar Toor - Developer Lot (May 16, 2018)PDF
Sale Approval and Vesting Order re Dhaliwal - Developer Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re Elite Real Estate - Reid Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re First Avenue - Reid Developer Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re Footprint Development - Reid Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re Green Cedar Homes - Reid Developer Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re Hammoud - Reid Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re Iqbal Toor - Developer Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re KV Capital - Reid Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re More - Reid Lots (May 16, 2018)PDF
Sale Approval and Vesting Order re Voiture - Reid Lots (May 16, 2018)PDF
Affidavit of M. Plante (Laurentian Bank) Sworn on May 15, 2018PDF
Affidavit of T. Hazlett (Cobra Mortgage Services) Sworn on May 10, 2018PDF
Application for Thirteen Sale Approval and Vesting Orders and Release of Lien Holdback (May 9, 2018)PDF
Letter re Builders Liens and Prior-Registered Security (May 9, 2018).pdfPDF
Sixth Report of the Receiver (May 9, 2018)
  • Process results 21 bids
  • Purchaser Amazon Hauling Ltd. · Westmere · real property · $3.19M · proposed; Green Cedar Homes Inc. · Westmere · real property · $1.87M · proposed; La Vita Land Inc. · purchased assets under the La Vita Offer · real property · proposed; Footprint Development Group Inc. · Granville Lands · real property · $2.64M · proposed; Voiture · Hawkstone · real property · proposed; Elite · Park West · real property · proposed; KV Capital Inc. (credit bid) · Deerfoot Professional Building · real property · $5M · proposed
  • Recovery outcome Entries: per unstated; per estimated · Stated on: 2018-05-09 · Table missing:
  • Sale advisor CBRE Limited (listing broker); Colliers International (listing broker); JLL Real Estate Services, Inc. (listing broker); Colliers (listing broker)
PDF
Affidavit of C. Power (KV Capital) Sworn May 8, 2018PDF
Affidavit of W. Yu (Canada ICI) Sworn on May 2, 2018PDF
Brief of Lauder Industries - Volume 1 of 2 (May 2, 2018)PDF
Brief re Lauder Industries - Volume 2 of 2 (May 2, 2018)PDF
Consent Order re Lauder Summary Judgment (April 20, 2018)
  • Presiding officer Justice S.D. Hillier
PDF
Sale Approval and Vesting Order re Armour (April 20, 2018)PDF
Sale Approval and Vesting Order re Dolce Vita (April 20, 2018)PDF
Sale Approval and Vesting Order re Genesis - Developer Lots (April 20, 2018)PDF
Sale Approval and Vesting Order re Genesis - Reid Lots (April 20, 2018)PDF
Affidavit of Ellis Jovica (Jovica Property Management) Sworn on April 17, 2018PDF
Affidavit of A. Virani (KV Capital) Sworn on April 16, 2018PDF
Affidavit of T. Litsos (RBC) Sworn on April 16, 2018PDF
Application for Four Sale Approval and Vesting Orders (April 16, 2018)PDF
Fifth Report of the Receiver (April 16, 2018)
  • Purchaser Armour Developments Ltd. · 167's interest in 10 partially completed homes and 54 vacant lots in the Skypointe subdivision in Calgary, Alberta owned by 167 (the 'Armour Assets') · asset sale · $6 · proposed; Genesis Land Development Corp. · 167's interest in 20 partially completed homes and 34 vacant lots in the Bayside subdivision in Calgary, Alberta (the 'Genesis Assets') · asset sale · $5 · proposed; Dolce Vita Homes LP · RBH's interest (lot deposits) in 18 vacant lots owned by Winterburn Developments Inc. in the Rosenthal subdivision in Edmonton, Alberta (the 'Dolce Vita Assets') · asset sale · $406K · proposed
  • Sale outcome Approval pending — Receiver seeking approval of Armour, Genesis and Dolce Vita sale and vesting orders following the Sales Process
PDF
Letter re Sale and Vesting Orders and Applications (April 13, 2018)PDF
Order re Applications by ICI, Standard General and City of Edmonton (April 11, 2018)
  • Presiding officer Justice R.A. Graessgr
PDF
Sale Approval and Vesting Order re 2014695 oa Streetview (April 11, 2018)PDF
Sale Approval and Vesting Order re 2072604 Alberta Ltd. (April 11, 2018)PDF
Sale Approval and Vesting Order re 2103908 Alberta Ltd. (April 11, 2018)PDF
Sale Approval and Vesting Order re First Avenue (April 11, 2018)PDF
Sale Approval and Vesting Order re Grimsdale (April 11, 2018)PDF
Sale Approval and Vesting Order re Hammoud (April 11, 2018)PDF
Sale Approval and Vesting Order re Homexx Corporation (April 11, 2018)PDF
Sale Approval and Vesting Order re Landrex (April 11, 2018)PDF
Sale Approval and Vesting Order re Nevada Trucking Limited (April 11, 2018)PDF
Sale Approval and Vesting Order re Pacesetter (April 11, 2018)PDF
Sale Approval and Vesting Order re Prairie Pipe Sales (April 11, 2018)PDF
Sale Approval and Vesting Order re Stepanov & Gillis (April 11, 2018)PDF
Application for Thirteen Sale Approval and Vesting Orders (April 5, 2018)PDF
Fourth Report of the Receiver (April 5, 2018)
  • Process results 391 solicited · 169 NDAs · 13 bids · as of 5 Apr 2018
  • Sale outcome Approval pending — Receiver seeking approval of 13 accepted offers for real property assets of the Reid Group, resulting from a sales process, for total gross proceeds of approximately $16.8 million
PDF
Sale Approval and Vesting Order re Landstar Holdings Inc. et al (March 29, 2018)PDF
Application for Sale Approval and Vesting Order re Landstar Transaction (March 23, 2018)PDF
Third Report of the Receiver (March 23, 2018)
  • Process results 391 solicited · 169 NDAs · as of 22 Mar 2018
  • Purchaser Landstar Holdings Inc., Aegean Real Estate Corporation and Class Act Investments Inc. · the Receiver's interest in certain assets (the "Purchased Assets") including 50 shares (the "Shares") in 1087032 B.C. Ltd. (the "General Partner") and 475,940 Class B units (the "Units') in the Blackmun Bay Development Limited Partnership · assets and shares · proposed
  • Sale outcome Approval pending — Receiver recommends the Court grant the Sale Approval and Vesting Order for the sale of the Purchased Assets to Landstar, Aegean and Class Act
PDF
Order Extending Receivership (March 21, 2018)
  • Presiding officer Justice Hillier
PDF
Application to Seek Leave to Appeal under BIA (March 5, 2018)PDF
Civil Notice of Appeal (March 5, 2018)PDF
Second Report of the Receiver (February 28, 2018)PDF
Service List (February 26, 2018)
  • Counsel Blake, Cassels & Graydon LLP
PDF
Reasons for Judgment (February 21, 2018)PDF
Letter re Builders Liens (February 12, 2018)PDF
Statement of Defence re Lauder (February 2, 2018)PDF
Application re Lauder Summary Judgment (January 9, 2018)PDF
Brief of Receiver re Municipal Tax Priority Dispute (January 9, 2018)PDF
Brief of the City of Edmonton Application (January 9, 2018)PDF
Affidavit of A. Lauder (Lauder Industries) Sworn on January 8, 2018PDF
Statement of Claim re Lauder(January 4, 2018)PDF
Affidavit of S. Esterer (City of Edmonton) Sworn on December 20, 2017PDF
Application by the City of Edmonton (December 20, 2017)PDF
Brief of Receiver re Property Powers Charge (November 29, 2017)PDF
Notice of Application returnable November 29, 2017 (November 24, 2017)PDF
Property Powers Charging Order (November 29, 2017)PDF
Book of Authorities of the Receiver (November 24, 2017)PDF
Brief of Law and Argument of the Receiver (November 24, 2017)PDF
First Report of the Receiver (November 24, 2017)
  • Closing confirmed Closed · date not stated
  • Purchaser unnamed individual home purchasers under ordinary course home sales transactions · 5 home sales transactions · real property · $2 · closed
  • Sale outcome Sale closed — 5 of approximately 11 scheduled ordinary course home sales transactions have closed
PDF
Affidavit of C. Biello (Laurentian Bank) Sworn on November 17, 2017PDF
Affidavit of C. Martin (Standard General) Sworn November 17, 2017PDF
Affidavit of W. Yu (Canada ICI) Sworn November 17, 2017PDF
Application by Canada ICI Capital Corporation (November 17, 2017)PDF
Application by Standard General Inc. (November 17, 2017)PDF
Brief of Canada ICI (November 17, 2017)PDF
Brief of Standard General (November 17, 2017)PDF
Letter to Home Purchasers and Building Trade Creditors (November 14, 2017)PDF
Form 87 Notice and Statement of the ReceiverPDF
Approval and Vesting Order (November 2, 2017)PDF
Comeback Order (November 2, 2017)
  • Presiding officer Justice S.D. Hillier
PDF
Consent Receivership Order (November 2, 2017)
  • Applicant Royal Bank of Canada
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role Receiver and Manager
  • Commencement date 2 November 2017
  • + 4 more extracted facts
PDF
Creditor List
  • Secured creditors $1.03M · Page: 7 · As of: 2017-11-02 · Debtor: 1679775 Alberta Ltd. · Creditor: Jovica
  • Unsecured creditors $246K · Page: 11 · As of: 2017-11-02 · Basis: Preliminary List of Creditors as submitted by Debtor without admission as to liabilities · Debtor: Reid Worldwide Corporation · Creditor: Allstar Construction Ltd.
PDF
Notice of Application (November 2, 2017)PDF
Notice of Application re Sale Appoval and Vesting Order (November 2, 2017)PDF
Proposed Receiver’s First Report (November 2, 2017)PDF
Affidavit of T. Litsos Sworn October 24, 2017PDF

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

CiteProceedings., “Reid Investments Ltd. et al.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/reid-investments-ltd-et-al

Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/reid-investments-ltd-et-al

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.