Ontario · Receivership (court-appointed)
First Report of the Receiver dated January 15, 2026
Court officer report · 15 January 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing15 verified
- report date15 January 2026
- report noFirst Report
- cash on handminimal cash on hand
- secured creditorspage: 5 · debtor: Minthollow Estates Inc. · creditor: Bank of Nova Scotia · currency: CAD · security: Financing statement registered on the Ontario Personal Property Registration System, limited to certain Motor Vehicles
- secured creditorsnote: Document also states an aggregate approximate figure of $45.8 million owed by all Debtors combined to Cameron Stephens, with interest and costs continuing to accrue (page 4); this entry reflects the debtor-specific dated balance. · page: 5 · as of: 2025-11-10 · amount: 13700000 · debtor: 1351637 Ontario Limited · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: Charge registered on title to the 1351 Property; additional security in the form of collateral over affiliated properties (including Casewood Property and Whitby Meadows Property) and a general security agreement relating to the 1351 Property
- secured creditorsnote: Casewood is a third-party guarantor of 1351's loan; no separate debtor-specific balance stated for Casewood. · page: 5 · debtor: Casewood Holdings Inc. · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: Third-party security in the form of a charge registered on title to the Casewood Property, granted as security for the loan facility to 1351637 Ontario Limited
- secured creditorspage: 5 · as of: 2025-11-10 · amount: 1300000 · debtor: Minthollow Estates Inc. · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: Charge registered on title to the Minthollow Property; additional security in the form of assignment of profit and equity, general security agreement, assignment of cash collateral and assignments of letters of credit
- secured creditorspage: 5 · as of: 2025-11-10 · amount: 18000000 · debtor: Whitby Meadows Inc. · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: Charges registered on title to the Whitby Meadows Property; general security agreements; also third-party security (charge on Whitby Meadows Property) as security for the loan facility to 1351
- secured creditorsnote: Combined figure as stated in the document for Brooklin and Twinview together; not broken down per debtor. · page: 5 · as of: 2025-11-06 · amount: 13000000 · debtor: Brooklin Olde Towne Inc. and Twinview Developments Inc. · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: Charges registered on title to the Brooklin Property and Twinview Property; general security agreement and assignment of cash collateral for each
- secured creditorspage: 5 · debtor: Whitby Meadows Inc. · creditor: Bank of Montreal · currency: CAD · security: Financing statement registered on the Ontario Personal Property Registration System
- secured creditorspage: 5 · debtor: Whitby Meadows Inc. · creditor: Duca Financial Services Credit Union Ltd. · currency: CAD · security: Financing statement registered on the Ontario Personal Property Registration System
- professional fees$100,000 flat fee (plus HST) per property, except Minthollow and Twinview at $35,000 (plus HST)
- operational summaryThe Receiver's activities since appointment included corresponding with KPMG and the Debtors' representatives, addressing property maintenance, engaging legal counsel, reviewing vehicle information, preparing statutory notices, reviewing insurance, engaging a third-party contractor to assess vacant homes, notifying the Home Construction Regulatory Authority, corresponding with banks, setting up a data room, and preparing this First Report.
- sale advisorCBRE
- sale outcometext: The recommended Sale Process is set out in the table below for each property. · scope: whole_business · status: process_approved