#Sale
The court granted an approval and vesting order. Sealed: summary of the bids received during the marketing process attached as Confidential Appendix '1' to the Second Report.
Rexig Realty Investment Group Ltd., EFC Capital Inc. and Rexig Marketing Ltd.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c C.43, as amended
- File
- CL-25-00753543-0000
- Industry
- Real estate · Real estate services
OverviewSummary updated
Rexig Realty Investment Group Ltd., EFC Capital Inc. and Rexig Marketing Ltd. have been in court-appointed receivership since October 31, 2025, when the Ontario Superior Court of Justice appointed KSV Restructuring Inc. receiver and manager on the application of Canadian Imperial Bank of Commerce under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. CIBC, whose cross-guaranteed indebtedness stood at $4,844,226.36 as of October 21, 2025 plus unposted accrued interest, fees and enforcement costs, holds first-ranking mortgages over the Bristol Circle units, general security agreements from each debtor and general assignments of rents. Ranking ahead of the bank are property tax arrears of approximately $174,321 and condominium lien claims of approximately $91,097. Approximately $86,000 of commissions sits in an account frozen by RECO order, most of it owed to third-party brokers.
Proceedings AIOpen Proceedings AI
Case updates17 dated entries
#Sale
The court granted an approval and vesting order for the sale to 1000868349 Ontario 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: Approval and Vesting Order of 2390 Bristol Circle - Unit 11 dated January 28, 2026
#Sale
The court granted an approval and vesting order for the sale to 17109041 Canada Inc. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
Source: Approval and Vesting Order of 2390 Bristol Circle - Unit 5 & 6 dated January 28, 2026
#Order
Court appointed KSV Restructuring Inc. receiver and manager of the three debtors on CIBC's application under s. 243(1) of the BIA and s. 101 of the CJA.
#Filing
Application Record (Volume 2 of 2) of the Applicant dated October 21, 2025 was filed. Court file CL-25-00753543-0000.
Source: Application Record (Volume 2 of 2) of the Applicant dated October 21, 2025
#Filing
Application Record (Volume 1 of 2) of the Applicant dated October 21, 2025 — Application / notice of application
Parties
Debtor
Rexig Realty Investment Group Ltd., EFC Capital Inc. and Rexig Marketing Ltd.
Receiver
KSV
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 4 orders, Jan 2026 | 310 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Mar 2026 | 198 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Oct 2025 | 132 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Aird & Berlis LLP | 28 Jan 2026 | Order · 28 Jan 2026 |
| ReceiverKSV Restructuring Inc | Aird & Berlis LLP | 2 Mar 2026 | Factum · 2 Mar 2026 |
| ApplicantCanadian Imperial Bank of Commerce | Fasken Martineau DuMoulin LLP | 31 Oct 2025 | Order · 31 Oct 2025 |
| CreditorCanadian Imperial Bank of Commerce | Fasken Martineau DuMoulin LLP | 29 Oct 2025 | Factum · 29 Oct 2025 |
| CreditorKSV Restructuring Inc | Aird & Berlis LLP | 28 Jan 2026 | Order · 28 Jan 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Imperial Bank of Commerce (CIBC) · in 72 casesFirst-ranking mortgages registered against the Real Property, in registered principal amounts (registration amounts, not balances): $2,400,000 (Units 5 & 6, 2390 Bristol Circle, Instrument HR1856925, dated 2022-01-05), $1,400,000 (Unit 11, 2380 Bristol Circle, Instrument HR1972901, dated 2023-06-30), $700,000 (Unit 10, Instrument HR1594268, dated 2018-12-20), $780,000 (Unit 12, Instrument HR1693271, dated 2020-04-01); general security agreements from each Debtor over all present and after-acquired personal property; general assignments of rents (Instruments HR1693315 and HR1856926). PPSA searc · as of 21 Oct 2025 | $4.84M | First Report of the Receiver dated January 20, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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 · 2 approved — Units 5 & 6 Transaction is hereby approvedApproval and Vesting Order of 2390 Bristol Circle - Unit 5 & 6 dated… · 28 Jan 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1000868349 Ontario Inc.Rexig Marketing Ltd.'s right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · agreement 9 Dec 2025 | not stated | Approved28 Jan 2026 | Approval and Vesting Order of 2390 Bristol… |
| 17109041 Canada Inc.Rexig Marketing Ltd.'s right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · agreement 24 Nov 2025 | not stated | Approved28 Jan 2026 | Approval and Vesting Order of 2390 Bristol… |
Closing termsVesting effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price and satisfaction of closing conditionsApproval and Vesting Order dated March 5, 2026
Sealed materialssummary of the bids received during the marketing process attached as Confidential Appendix '1' to the Second ReportApproval and Vesting Order dated March 5, 2026
Fees and ratesAs stated in the filings
2 engagements · 2 firms — latest: KSV Restructuring Inc., to 31 Dec 2025, in feesMotion Record of the Receiver · 25 Feb 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Aird & Berlis LLPCounsel | 31 Oct – 31 Dec 2025 | — | Motion Record of the Receiver · 25 Feb 2026 | ||
| KSV Restructuring Inc.Receiver | to 31 Dec 2025 | — | Motion Record of the Receiver · 25 Feb 2026 |
4 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansDocuments
17 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order dated March 5, 2026
| PDF · Subscribers | |
Endorsement of Justice Black dated March 5, 2026
| PDF · Subscribers | |
Factum of the Receiver dated March 2, 2026_
| PDF · Subscribers | |
Motion Record of the Receiver dated February 25, 2026
| PDF · Subscribers | |
| Notice to Brokers and Agents re RECO dated February 18, 2026 | PDF · Subscribers | |
Ancillary Order dated January 28, 2026
| PDF · Subscribers | |
Approval and Vesting Order of 2390 Bristol Circle - Unit 11 dated January 28, 2026
| PDF · Subscribers | |
Approval and Vesting Order of 2390 Bristol Circle - Unit 5 & 6 dated January 28, 2026
| PDF · Subscribers | |
Endorsement of Justice Conway dated January 28, 2026
| PDF · Subscribers | |
First Report of the Receiver dated January 20, 2026
| PDF · Subscribers | |
| Motion Record of the Receiver dated January 20, 2026 | PDF · Subscribers | |
Notice to Creditors re Commissions dated December 8, 2025
| PDF · Subscribers | |
Endorsement of Justice Dietrich dated October 31, 2025
| PDF · Subscribers | |
Receivership Order dated October 31, 2025
| PDF · Subscribers | |
Factum of the Applicant dated October 29, 2025
| PDF · Subscribers | |
| Application Record (Volume 1 of 2) of the Applicant dated October 21, 2025 | PDF · Subscribers | |
Application Record (Volume 2 of 2) of the Applicant dated October 21, 2025
| 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., “Rexig Realty Investment Group Ltd., EFC Capital Inc. and Rexig Marketing Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/rexig-realty-investment-group-ltd-efc-capital-inc-and-rexig-marketing-ltd