Ontario · Receivership (court-appointed)
Supplementary Pre-Filing Report of the Receiver – August 26, 2026
Court officer report · 26 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 filing7 verified
- secured creditorsnote: Table total of mortgage balances across 8 properties as of Pre-Filing Report date; prose in same report approximates total owed as 'approximately $5.4 million, with interest and costs continuing to accrue' (page 8). Security Opinions (as of Aug 26, 2026 Supplementary Report) confirm each mortgage is a valid and enforceable mortgage/fixed charge, subject to assumptions/qualifications - opinions confirmed, not merely pending. · page: 11 · as of: date of Pre-Filing Report (August 19, 2026) · 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, pursuant to eight mortgage commitments and loan facility agreements
- secured creditorsnote: Principal amount of charge, not a stated outstanding balance. Subordinated/postponed to the Extend Mortgages pursuant to registered postponement agreements (registration order not priority). · page: 11 · debtor: Evertrust Development (Muskoka) Inc. · creditor: Westmount Guarantee Services Inc. · currency: CAD · security: Charge (Instrument MT273209) granted November 8, 2022 in the principal amount of $4.0 million, registered against the Properties; secures Debtor's obligations as residential builder under the Ontario New Home Warranties Plan Act
- secured creditorsnote: PPSA search currency date August 4, 2026; no amount stated in registration. · page: 12 · 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 all purchasers' deposit monies pursuant to a deposit trust agreement re 14-unit Tarion type B condominium project ('Upper Vista Muskoka III')
- secured creditorsnote: PPSA search currency date August 4, 2026; blanket-type registration, no amount stated. · page: 12 · 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; collateral classifications 'Accounts' and 'Other' checked
- secured creditorsnote: PPSA search currency date August 4, 2026; no amount stated in registration. · page: 12 · 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 NE corner of Gainsborough Road and MacArthur Drive, Bracebridge (PINs 48168-0019, 48168-0039, 48168-0044, 48170-0424, 48170-0426, 48170-0623)
- secured creditorsnote: PPSA search currency date August 4, 2026; no amount stated in registration. · page: 12 · 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 pursuant to a deposit trust agreement re freehold project at Gainsborough Road, Bracebridge ('Upper Vista Muskoka')
- secured creditorsnote: PPSA search currency date August 4, 2026; no amount stated in registration. Debtor includes Jiancheng Zhou personally (director/guarantor) alongside the corporate debtor. · page: 12 · 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 all purchasers' deposit monies pursuant to a deposit trust agreement re 95-unit Tarion Type D condominium project ('Upper Muskoka Vista IV')