Ontario · Receivership (court-appointed)
Third Report of the Receiver - dated November 20, 2025
Court officer report · 20 November 2025
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
- operational summaryThe debtors' development site remains vacant land, a sales centre and four houses with no construction started; the sale process was terminated and Fiera's credit bid is proposed for court approval, with two houses still occupied by occupants who have agreed to vacate by November 30, 2025.
- professional feesnote: Fees and disbursements of $212,784.13 plus HST of $27,661.94. Receiver's counsel Lerners LLP: $33,823.00 fees plus $1,446.17 disbursements and $4,533.40 HST, total $39,802.57 (Sept 8 to Nov 18, 2025). Estimated additional fees to complete the administration: Receiver $60,000 plus HST, counsel $50,000 plus HST. · party: BDO Canada Limited (Receiver) · amount: 240446.07 · period: 2025-05-05 to 2025-11-17 · currency: CAD
- report date20 November 2025
- report noThird Report