#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.
FollowActive
- 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
Filings held17
Last activity5 Mar 2026
On the record325 days
Secured debt$4.84M
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 AIAsk this case — answers cite the filings
Case updates17 dated entries
#Sale
Approval and Vesting Order of 2390 Bristol Circle - Unit 11 dated January 28, 2026 — Approval and vesting order
#Sale
Approval and Vesting Order of 2390 Bristol Circle - Unit 5 & 6 dated January 28, 2026 — Approval and vesting order
#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
AlixPartners
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 | 2 orders, Jan 2026 | 285 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV Restructuring Inc | Aird & Berlis LLP | 2 Mar 2026 | Factum · 2 Mar 2026 |
| CreditorCanadian Imperial Bank of Commerce | Fasken Martineau DuMoulin LLP | 29 Oct 2025 | Factum · 29 Oct 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Imperial Bank of Commerce (CIBC) · in 67 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 | Municipal taxing authority (unpaid property taxes; municipality not named) · in 2 casesProperty tax arrears relating to the Real Property; the Report states property tax arrears resulted in liens being registered against title (Section 2.4). — Approximate amount as stated. Classed by the Receiver under 'Lien Claimants/Government Claims'; per Section 7.0 these claims rank in priority to CIBC's secured indebtedness. · as of 15 Jan 2026 | $174K | First Report of the Receiver dated January 20, 2026 |
| 4 | Secured | Condominium lien claimants (Halton Standard Condominium Corporation No. 553 per registered certificates for Units 5 and 6)Condominium liens under the Condominium Act, 1998 registered against title to certain of the Real Property, including Instrument HR2090700 (Unit 5, registered 2025-03-10) and Instrument HR2090872 (Unit 6, registered 2025-03-11), each certifying a lien of $5,532.05 as of the certificate; an Instrument HR2090699 condominium lien is also listed in the appendices. — Approximate aggregate of lien claims for unpaid condominium maintenance fees. Estimate reflects only amounts confirmed or reasonably quantified for Units 5, 6 and 11; the Receiver has not received status certificates for Units 10 and 1 · as of 15 Jan 2026 | $91.1K | First Report of the Receiver dated January 20, 2026 |
| 8 | Unsecured | Landlord under Rexig Realty's premises lease (rent arrears; landlord not named on these pages)No arrears total stated (monthly rent $6,000; components not summed). Units 10 & 12, used by Rexig Realty as tenant, are owned by related debtor EFC Capital Inc., so the arrears may be intercompany. A Lease Termination Agreement dated December 9, 2025 is appended to the Report. — debtor: Rexig Realty Investment Group Ltd. | — | First Report of the Receiver dated January 20, 2026 |
| 8 | Unsecured | Third-Party Brokers (co-operating brokers owed commissions)No aggregate amount owed to Third-Party Brokers is stated. Trust claim per the Receiver (Section 8.0): such monies 'do not form part of the Debtors' property or the security available to creditors'. Brokerage records are unclear and internally inconsistent; the Receiver will pay only entitlements it can verify, subject to Court approval. Accounts are frozen by RECO order. — debtor: Rexig Realty Investment Group Ltd. (brokerage) | — | First Report of the Receiver dated January 20, 2026 |
| 8 | Unsecured | Rexig Realty brokers and agents (commissions owing)Amount unknown, not a stated zero — the Receiver's review is incomplete and distributions to brokers related to the Debtors will be addressed in a future motion. Some claimants are related parties (the Personal Guarantors). — debtor: Rexig Realty Investment Group Ltd. | — | First Report of the Receiver dated January 20, 2026 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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 · 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 Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of Closing conditionsApproval and Vesting Order of 2390 Bristol Circle - Unit 11 dated…
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, $61,663.50 in feesMotion Record of the Receiver · 25 Feb 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| A&Bcapacity not stated | 31 Oct – 31 Dec 2025 | — | $68,227.83incl. tax | $617.70stated average | Motion Record of the Receiver · 25 Feb 2026 |
| KSV Restructuring Inc.Receiver | to 31 Dec 2025 | — | $61,663.50 | $504.82stated average | Motion Record of the Receiver · 25 Feb 2026 |
Documents
17 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order dated March 5, 2026
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Endorsement of Justice Black dated March 5, 2026
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Factum of the Receiver dated March 2, 2026_
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Motion Record of the Receiver dated February 25, 2026
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| Notice to Brokers and Agents re RECO dated February 18, 2026 | ||
Ancillary Order dated January 28, 2026
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Approval and Vesting Order of 2390 Bristol Circle - Unit 11 dated January 28, 2026
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Approval and Vesting Order of 2390 Bristol Circle - Unit 5 & 6 dated January 28, 2026
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Endorsement of Justice Conway dated January 28, 2026
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First Report of the Receiver dated January 20, 2026
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| Motion Record of the Receiver dated January 20, 2026 | ||
| Notice to Creditors re Commissions dated December 8, 2025 | ||
Endorsement of Justice Dietrich dated October 31, 2025
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Receivership Order dated October 31, 2025
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Factum of the Applicant dated October 29, 2025
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| Application Record (Volume 1 of 2) of the Applicant dated October 21, 2025 | ||
Application Record (Volume 2 of 2) of the Applicant dated October 21, 2025
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Rexig Realty Investment Group Ltd., EFC Capital Inc. and Rexig Marketing Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/rexig-realty-investment-group-ltd-efc-capital-inc-and-rexig-marketing-ltd