British Columbia · Receivership (court-appointed)
Application Response of KCM, CCI and CCWI dated October 21, 2026
Application / notice of application · 21 October 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 filing4 verified
- secured creditorsnote: Amount is the sum alleged in the claim of lien as due and owing on March 31, 2026 (claimed, not adjudicated). Application Respondents oppose the Receiver's proposed selective distribution of holdback funds. · page: 2 · as of: 2026-03-31 · amount: 2322915 · debtor: 5055 Joyce Property Inc. (registered owner of the Lands) · creditor: Kanin Construction Management (KCM) - builders lien claimant · currency: CAD · security: Claim of lien under the Builders Lien Act filed April 22, 2026 against PID 024-143-111, 5083 Joyce Street, Vancouver, under number CB2748267; contract with 5055 Joyce Holdings Inc. dated about May 1, 2022 (construction manager)
- secured creditorsnote: Amount is the sum alleged in the claim of lien as due and owing on December 31, 2025 (claimed, not adjudicated). · page: 2 · as of: 2025-12-31 · amount: 572456.06 · debtor: 5055 Joyce Property Inc. (registered owner of the Lands) · creditor: Crystal Consulting Inc. (CCI) - builders lien claimant · currency: CAD · security: Claim of lien under the Builders Lien Act filed April 22, 2026 against the Lands under number CB2748264; contract with 5055 Joyce Holdings Inc. dated about June 17, 2022 (drywall material and labour)
- secured creditorsnote: Amount is the sum alleged in the claim of lien as due and owing on March 31, 2026 (claimed, not adjudicated). · page: 2 · as of: 2026-03-31 · amount: 329302.09 · debtor: 5055 Joyce Property Inc. (registered owner of the Lands) · creditor: Crystal Consulting (Waterproofing) Inc. (CCIW) - builders lien claimant · currency: CAD · security: Claim of lien under the Builders Lien Act filed April 22, 2026 against the Lands under number CB2748274; contract with 5055 Joyce Holdings Inc. dated about November 2, 2022 (roofing, waterproofing systems and flashing)
- secured creditorsnote: This is the Receiver's identified holdback obligation (inclusive of GST), not a creditor claim total. Receiver has not established the aggregate amount of lien and holdback claims competing for the Holdback; Shimco liens against the holdback may still be asserted. OPTrust Joyce Financing Corp. has committed to advance approximately $1,119,100.88 (shortfall plus contingency of about $223,820.18). Amount date is the Receivership Order date (April 27, 2026) as stated for the account balance. · page: 3 · as of: 2026-04-27 · amount: 4140589.96 · debtor: 5055 Joyce Holdings Inc. / 5055 Joyce Property Inc. · creditor: BLA statutory holdback claimants (aggregate; Holdback obligations per Receiver's review of Westbank's records) · currency: CAD · security: Statutory holdback under BLA s.4, charged with payment of lien claimants (s.4(9)); holdback account held under s.5(2). Holdback Account contained approximately $3,245,309.26 as at the Receivership Order date, an identified deficiency of approximately $895,280.70.