Ontario · Receivership (court-appointed)
Notice of Application - dated 10-Mar-2026
Application / notice of application · 10 March 2026
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What we verified from this filing11 verified · 2 withheld
- applicantCenturion Asset Management Inc.
- courtSUPERIOR COURT OF JUSTICE
- provinceONTARIO
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3), and Section 101 of the Courts of Justice Act, R.S.O. 1990, C. C.43
- appointeeBDO Canada Limited
- appointee rolereceiver
- secured creditorsnote: Amount is registered mortgage amount, not confirmed outstanding balance; subordination/cession of rank noted · page: 6 · debtor: Valour Westmount Holdings Inc. · creditor: District REIT Limited Partnership, by its general partner District REIT GP Inc. (DREIT) · currency: CAD · security: DREIT Mortgage (third priority, registered October 13, 2021 as instrument WR1383108) in amount of $10,000,000.00 (registered principal, not a stated balance); subject to Priority Agreement giving Centurion Mortgage priority over DREIT Mortgage; PPSA registration subordinated in favour of Centurion Mortgage Capital Corporation and DREIT further subordinates its security interest in favour of Computershare Trust Company of Canada
- secured creditorsnote: Lender understands CMLS is owed 'over $31.5 million dollars' on the CMLS Mortgage as of the date of the Notice of Application - stated as a floor/approximation, not an exact balance; CMLS advised Borrower in default for failing to make monthly mortgage payments for many months · page: 9 · as of: date of Notice of Application · debtor: Valour Westmount Holdings Inc., Westmount Limited Partnership, Valour Westmount GP Inc. · creditor: CMLS Financial Ltd. (held in trust by Computershare Trust Company of Canada) · currency: CAD · security: CMLS Mortgage (first priority, registered July 28, 2023 as instrument WR1523155); mortgage not to exceed $31,021,946.00 per Commitment
- secured creditorsnote: Loan principal was $6,100,000.00 per Commitment dated June 7, 2023; outstanding balance as at March 1, 2026 plus per diem interest, costs, legal fees and disbursements and other expenses · page: 9 · as of: 2026-03-01 · amount: 6604508.65 · debtor: Valour Westmount Holdings Inc., Westmount Limited Partnership, Valour Westmount GP Inc. · creditor: Centurion Asset Management Inc. (as amalgamated successor to Centurion Mortgage Capital Corporation) · currency: CAD · security: Centurion Mortgage (second priority, registered as instrument WR1523194, subject to Subordination and Standstill Agreement with CMLS and Priority Agreement over DREIT Mortgage); Notice of Assignment of Rents (WR1523195); General Security Agreement dated July 10, 2023; Guarantee dated July 10, 2023; PPSA registrations
- secured creditorsnote: Blanket PPSA registrant listed in Schedule B; no amount stated in document · page: 13 · debtor: Valour Westmount Holdings Inc., Valour Westmount GP Inc., Westmount Limited Partnership · creditor: Peakhill Capital Inc. / Computershare Trust Company of Canada c/o Peakhill Capital Inc. · currency: CAD · security: PPSA registrations (20250116 0906 1590 4040; 20250116 0915 1590 4045)
- counselRobins Appleby LLP
2 extracted values are 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.