Ontario · Receivership (court-appointed)
Pre-Filing Report of the Receiver – August 19, 2026
Court officer report · 19 August 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 filing8 verified
- secured creditorsnote: Prose in report approximates debt at $5.4 million (para 3); exact aggregate mortgage balance per property table is $5,390,315 as of report date; Security Review of Mortgage Security in progress, validity/enforceability not yet confirmed. · page: 3 · as of: date of this Pre-Filing Report · amount: 5390315 · debtor: Evertrust Development (Muskoka) Inc. · creditor: Extend Financial (CV) Holdings Inc. and Extend Financial Ltd. · currency: CAD · security: First-ranking charges/mortgages registered against each of the eight Properties
- secured creditorsnote: Principal amount of charge ($4.0 million) is the registered ceiling, not necessarily the outstanding balance; charge secures Debtor's warranty obligations as residential builder under Ontario New Home Warranties Plan Act; subordinated in priority to Extend's Mortgages · page: 5 · as of: November 8, 2022 · debtor: Evertrust Development (Muskoka) Inc. · creditor: Westmount Guarantee Services Inc. · currency: CAD · security: Charge (Instrument MT273209) registered against the Properties; principal amount of charge was $4.0 million; subordinated/postponed to the Mortgages via registered postponement agreements
- secured creditorsnote: Duplicate of aggregate entry above shown here with component breakdown per property table; personal/corporate guarantees exist from Jiancheng Zhou (all properties), 557 Ontario Inc. (5 Turnberry Court), and 514 Ontario Inc. (10 Turnberry Court) · page: 6 · as of: date of this Pre-Filing Report · amount: 5390315 · debtor: Evertrust Development (Muskoka) Inc. · creditor: Extend Financial (CV) Holdings Inc. and Extend Financial Ltd. · currency: CAD · security: Per-property mortgage balances: 19 Turnberry Court $683,492; 2 Turnberry Court $683,843; 5 Turnberry Court $587,733; 8 Turnberry Court $689,817; 21 Turnberry Court $684,032; 23 Turnberry Court $694,700; 17 Turnberry Court $676,881; 10 Turnberry Court $689,817
- secured creditorsnote: Blanket all-property registrant, no amount stated · page: 7 · as of: 2026-08-04 · debtor: Evertrust Development (Muskoka) Inc. · creditor: Duca Financial Services Credit Union Ltd. · currency: CAD · security: PPSA registration 20220830 0804 1590 7873: site-specific general security agreement over 465.27 acres of land at Gainsborough Road and MacArthur Drive, Bracebridge (multiple PINs)
- secured creditorsnote: No amount stated in PPSA registration; registered against both the Debtor and personal guarantor Jiancheng Zhou · page: 7 · as of: 2026-08-04 · debtor: Evertrust Development (Muskoka) Inc. and Jiancheng Zhou · creditor: Aviva Insurance Company of Canada and Westmount Guarantee Services Inc. · currency: CAD · security: PPSA registration 20220902 1351 1590 8693: general interest in purchasers' deposit monies re 95-unit Tarion Type D condominium project 'Upper Muskoka Vista IV'
- secured creditorsnote: Blanket/unspecified collateral registration, no amount stated · page: 7 · as of: 2026-08-04 · debtor: Evertrust Development (Muskoka) Inc. · creditor: Duca Financial Services Credit Union Ltd. · currency: CAD · security: PPSA registration 20220830 0803 1590 7872: no general collateral description provided; classifications 'Accounts' and 'Other' checked
- secured creditorsnote: No amount stated in PPSA registration · page: 7 · as of: 2026-08-04 · debtor: Evertrust Development (Muskoka) Inc. · creditor: Westmount Guarantee Services Inc. · currency: CAD · security: PPSA registration 20210929 1046 1590 7293: general interest in deposit monies re freehold project 'Upper Vista Muskoka'
- secured creditorsnote: No amount stated in PPSA registration · page: 7 · as of: 2026-08-04 · debtor: Evertrust Development (Muskoka) Inc. · creditor: Westmount Guarantee Services Inc. · currency: CAD · security: PPSA registration 20220304 1246 1590 1183: general interest in purchasers' deposit monies re 14-unit Tarion type B condominium project 'Upper Vista Muskoka III'