British Columbia · CCAA
Second Report of the Monitor dated July 21, 2026
Court officer report · 21 July 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 filing9 verified · 1 withheld
- report date21 July 2026
- report noSecond Report
- operational summarySince its appointment, the Monitor has undertaken a review of the Debtors' financial affairs, banking arrangements, construction activities, pre-sale program and corporate records.
- cash on handamount: 12000 · currency: CAD
- professional feesamount: 300000 · currency: CAD
- operational summaryThe Debtors' construction project is largely inactive, with Phase 1A reported as roughly 78% complete; construction must recommence imminently to complete the pre-sold units by May 2027. The Monitor reports banking irregularities, apparent ARIO non-compliance, deposit shortfalls and delayed information, and supports enhanced Monitor powers and a stay extension to September 11, 2026.
- professional feesnote: Forecast (not incurred) professional fees of 300 ($000s) in the Cash Flow Forecast. The notes state this includes fees of the monitor, its counsel, the Interim Lender's counsel (in aggregate, up to $250,000) and the Debtors' counsel (up to $50,000). Tax treatment not stated. · party: Monitor, its counsel, Interim Lender's counsel and Debtors' counsel (combined forecast) · amount: 300000 · period: July 27 to September 13, 2026 · currency: CAD
- report date21 July 2026
- report noSecond Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.