Ontario · Receivership (court-appointed)
First Report of the Receiver dated March 30, 2026 (for motion returnable April 7, 2026)
Court officer report · 30 March 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: Applicant and senior secured creditor; $19,100,000 is the registered principal amount of the charge, not a stated outstanding balance · page: 5 · debtor: Bronte Lakeside Ltd. and Bronte Limited Partnership · creditor: CMLS Financial Ltd. · currency: CAD · security: Charge on title to the Real Property in the registered principal amount of $19,100,000, plus a general assignment of rents; also a registered PPSA security interest over all present and after-acquired personal property of the Debtor and the Beneficial Owner relating to the Project, including proceeds and rents
- secured creditorsnote: Collectively referred to as the 'Deposit Insurers'; no amount stated · page: 5 · debtor: Bronte Lakeside Ltd. · creditor: Westmount Guarantee Services Inc. (as Administrative Agent for Aviva Insurance Company of Canada) and Liberty Mutual Insurance Company · currency: CAD · security: PPSA registrations in respect of purchaser deposits held pursuant to a deposit trust arrangement with Chaitons LLP, as escrow agent
- secured creditorsnote: Amount of lien not stated · page: 5 · debtor: Bronte Lakeside Ltd. · creditor: TM Platforms Inc. · currency: CAD · security: Construction lien registered against the Real Property
- secured creditorsnote: Amount of lien not stated · page: 5 · debtor: Bronte Lakeside Ltd. · creditor: OBW Equipment Inc. · currency: CAD · security: Construction lien registered against the Real Property
- secured creditorsnote: Amount inclusive of interest and penalties, per tax certificate dated March 19, 2026 (Appendix B) · page: 5 · as of: 2026-03-19 · amount: 175317.82 · debtor: Bronte Lakeside Ltd. · creditor: Town of Oakville · currency: CAD · security: Statutory municipal property tax lien on the Real Property
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · label: the Period · approval: state: unstated · averages: rate: 512.04 · quote: The average hourly rate billed by the Receiver during the Period is $512.04. · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: FIRST REPORT TO THE COURT SUBMITTED BY ALBERT GELMAN INC. IN ITS CAPACITY AS RECEIVER OF BRONTE LAKESIDE LTD. · context quote: IN ITS CAPACITY AS RECEIVER OF BRONTE LAKESIDE LTD.
- sale advisorCushman & Wakefield ULC
- sale outcometext: The Sale Process shall commence on or about April 1, 2026 to maximize market exposure and enhance stakeholder recoveries. · scope: parcel · status: process_approved