Ontario · Receivership (court-appointed)
16th Report to Court dated July 30, 2026
Court officer report · 30 July 2026
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What we verified from this filing8 verified
- unsecured creditorsnote: No number of purchasers or aggregate deposit amount is stated. Claims directed to Tarion's deposit insurance program. · page: 5 · basis: Receiver's report: prior to the receivership, Stateview Elm entered into Pre-Sale Purchase Agreements under which the Pre-Sale Purchasers paid one or more deposits; by order dated March 19, 2024 the Court authorized the Receiver to terminate and disclaim all Stateview Elm Pre-Sale Purchase Agreements so purchasers could claim with Tarion Warranty Corporation under Tarion's deposit insurance coverage program. · debtor: Stateview Homes (Elm&Co) Inc. · creditor: Pre-Sale Purchasers (homebuyer deposit claims) · currency: CAD
- secured creditorsnote: Applicant in the receivership and described as Stateview Elm's senior secured creditor. Meridian consents to the proposed increase of the Receiver's Borrowing Limit to $1 million. · page: 6 · debtor: Stateview Homes (Elm&Co) Inc. · creditor: Meridian Credit Union Limited · currency: CAD · security: Mortgage registered on title to the Elm Real Property on December 9, 2022 in the amount of C$17,800,000 (registered mortgage amount; no outstanding balance is stated).
- secured creditorspage: 6 · debtor: Stateview Homes (Elm&Co) Inc. · creditor: Dorr Capital Corporation · currency: CAD · security: Mortgage registered on title to the Elm Real Property on December 9, 2022 in the amount of C$4,000,000 (registered mortgage amount; no outstanding balance is stated).
- secured creditorspage: 6 · debtor: Stateview Homes (Elm&Co) Inc. · creditor: Toronto-Dominion Bank · currency: CAD · security: Mortgage registered on title to the Elm Real Property on April 6, 2023 in the amount of C$37,134,091 (registered mortgage amount; no outstanding balance is stated).
- secured creditorsnote: Joint mortgagees as listed in the Report's table, including an individual (Tony Karamitsos). · page: 6 · debtor: Stateview Homes (Elm&Co) Inc. · creditor: Bergo Investment Limited, MCO Management Inc. and Tony Karamitsos · currency: CAD · security: Mortgage registered on title to the Elm Real Property on December 16, 2022 in the amount of C$20,850,000 (registered mortgage amount; no outstanding balance is stated).
- secured creditorspage: 6 · debtor: Stateview Homes (Elm&Co) Inc. · creditor: 797377 Ontario Inc. · currency: CAD · security: Mortgage registered on title to the Elm Real Property on December 9, 2022 in the amount of C$2,500,000 (registered mortgage amount; no outstanding balance is stated).
- sale advisorCushman & Wakefield ULC
- sale outcometext: The Elm Real Property is the last Stateview Group property remaining to be sold; offers submitted were not accepted and the Sale Process has continued since that time. · scope: parcel · status: liquidation_in_progress