Ontario · Receivership (court-appointed)
Supplement to the First Report of the Receiver dated March 24, 2026.pdf
Court officer report · 24 March 2026
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What we verified from this filing13 verified
- unsecured creditorsnote: Intervenor claim for deposit loss; deposit of $200,000, no RECO proceeds received · page: 54 · as of: July 21, 2023 Motion Record · basis: Allocation of Net Balance in Receiver's Account - deposit paid less RECO proceeds · amount: 200000 · debtor: Wynn Realty Corporation · creditor: 9615644 Canada Ltd. · currency: CAD
- unsecured creditorsnote: Consumers compensated by RECO under insurance program; deposit of $1,500,000 less $1,225,000 RECO proceeds = $275,000 net claim; disputed - Coverholder/RECO asserted subrogation/assignment claim which Receiver and Court found invalid against Wynn/Realtor · page: 54 · as of: As of March 23, 2026 (Allocation Schedule) · basis: Allocation of Net Balance in Receiver's Account - deposit paid less RECO proceeds · amount: 275000 · debtor: Wynn Realty Corporation · creditor: RECO Claimants (Consumers compensated by insurer) · currency: CAD
- unsecured creditorsnote: Plaintiff/claimant for deposit loss; deposit of $300,000 less $100,000 RECO proceeds = $200,000 net claim · page: 54 · as of: July 21, 2023 Motion Record · basis: Allocation of Net Balance in Receiver's Account - deposit paid less RECO proceeds · amount: 200000 · debtor: Wynn Realty Corporation · creditor: Realtrium Holdings Pickering Inc. · currency: CAD
- unsecured creditorsnote: Combined intervenor group claim; deposit of $650,000, no RECO proceeds received · page: 54 · as of: July 21, 2023 Motion Record · basis: Allocation of Net Balance in Receiver's Account - deposit paid less RECO proceeds · amount: 650000 · debtor: Wynn Realty Corporation · creditor: Chong Zhou, 2526154 Ontario Inc., and Baldwin Airport Management Inc. · currency: CAD
- unsecured creditorsnote: Intervenor claim for deposit loss; deposit of $300,000 less $100,000 RECO proceeds = $200,000 net claim used for pro-rata allocation · page: 54 · as of: July 21, 2023 Motion Record · basis: Allocation of Net Balance in Receiver's Account - deposit paid less RECO proceeds · amount: 200000 · debtor: Wynn Realty Corporation · creditor: 5016652 Ontario Inc. · currency: CAD
- unsecured creditorsnote: Intervenor claim for deposit loss; deposit of $200,000 less $100,000 RECO proceeds = $100,000 net claim · page: 54 · as of: July 21, 2023 Motion Record · basis: Allocation of Net Balance in Receiver's Account - deposit paid less RECO proceeds · amount: 100000 · debtor: Wynn Realty Corporation · creditor: P. Campagna Investments Limited · currency: CAD
- unsecured creditorsnote: Intervenor claim for deposit loss; deposit of $250,000 less $100,000 RECO proceeds = $150,000 net claim · page: 54 · as of: July 21, 2023 Motion Record · basis: Allocation of Net Balance in Receiver's Account - deposit paid less RECO proceeds · amount: 150000 · debtor: Wynn Realty Corporation · creditor: Caliber Developments Inc. · currency: CAD
- cash on handnote: Remaining balance in the receivership trust account per the Final SRD covering October 25, 2023 to March 23, 2026, after deduction of the estimated Fee Accrual of $75,600.00. · as at: 2026-03-23 · amount: 584018.37 · currency: CAD · qualifier: after the Fee Accrual
- fee scheduleengagements: form: invoice_listing · rows: · money: · period: end: 2026-03-10 · kind: invoice · label: Statement of Account · quote: the statement of account of Cozen O'Connor in respect of services rendered to the Receiver for the period from May 9, 2025 through March 10, 2026 · start: 2025-05-09 · approval: state: unstated · averages: rate: 595.74 · quote: The Billing Summary indicates an average hourly rate of $595.74. · currency: code: CAD · quote: C$ · invoices: date: 2025-09-05 · fees: 37221 · quote: Fees for Professional Services: | $ 37,221.00 | CAD · disbursements: 692.93; tax: 560.63 · date: 2026-03-12 · fees: 4312.5 · quote: Fees for Professional Services: | $ 4,312.50 | CAD · total: 4873.13 · firm text: Cozen O'Connor · firm quote: Cozen O'Connor · context quote: Attached hereto as Exhibit 'A' is a true copy of the statement of account of Cozen O'Connor in respect of services rendered to the Receiver for the period from May 9, 2025 through March 10, 2026 (the ' Statement of Account ').; form: time_summary · rows: Weisz, S. J; Lallani, D.; Carson, S.; fees: 10032 · hours: 20.6 · quote: Totals: | | 20.60 | C$ | 10,032.00 · row kind: subtotal · rate kind: standard · name as stated: Totals: · money: fees: quote: Totals: | | 20.60 | C$ | 10,032.00 · amount: 10032 · approximate: false · period: kind: invoice · approval: state: unstated · averages: · currency: code: CAD · quote: C$ · invoices: · firm text: Cozen O'Connor · firm quote: Cozen O'Connor · hours total: quote: Total Hours Billed: | 20.60 · value: 20.6 · context quote: Grant Thornton re Receivership Proceedings of Wynn Realty Corporation; form: time_summary · rows: Weisz, S. J; Sottile, R.; Lallani, D.; Carson, S.; Sekhri, J.; fees: 37221 · hours: 60 · quote: Totals: | | 60.00 | 37,221.00 · row kind: subtotal · rate kind: standard · name as stated: Totals: · money: fees: quote: Fees for Professional Services: | $ 37,221.00 | CAD · amount: 37221 · approximate: false · disbursements: quote: Total Disbursements: | C$ | 692.93 · amount: 692.93 · period: kind: invoice · quote: Invoice No. | 2514040 · approval: state: unstated · averages: · currency: code: CAD · quote: CAD · invoices: · firm text: Cozen O'Connor · firm quote: Cozen O'Connor · hours total: quote: Total Hours Billed: | 60.00 · value: 60 · context quote: Grant Thornton re Receivership Proceedings of Wynn Realty Corporation; form: time_summary · rows: Weisz, S. J; Lallani, D.; fees: 4312.5 · hours: 6.8 · quote: Totals: | | 6.80 | C$ | 4,312.50 · row kind: subtotal · rate kind: standard · name as stated: Totals: · money: tax: label: HST 13.00% · quote: HST 13.00% | $ 560.63 | CAD · amount: 560.63 · fees: quote: Fees for Professional Services: | $ 4,312.50 | CAD · amount: 4312.5 · total: quote: Total amount of Invoice No.: 2517667 | $ 4,873.13 | CAD · amount: 4873.13 · includes tax: true · approximate: false · period: kind: invoice · quote: Invoice No. | 2517667 · approval: state: unstated · averages: · currency: code: CAD · quote: CAD · invoices: · firm text: Cozen O'Connor · firm quote: Cozen O'Connor · hours total: quote: Total Hours Billed: | 6.80 · value: 6.8 · context quote: Grant Thornton re Receivership Proceedings of Wynn Realty Corporation
- operational summaryThe receivership is winding down: the Receiver has monetized the available assets (chiefly the Wyndance sale proceeds held in trust), is finalizing distributions to the plaintiff, Intervenors and eligible RECO-compensated Consumers, and is seeking its discharge.
- professional feesnote: Includes HST of $3,884.76 on fees of $29,882.75. Cozen O'Connor (Receiver's counsel) fees for May 7, 2025 to March 10, 2026 were $53,199.50 plus disbursements of $1,031.93 and taxes of $7,006.02, totaling $61,237.45. An additional Fee Accrual of $75,600.00 for both the Receiver and Cozen O'Connor to complete the administration is estimated. · party: Receiver (Grant Thornton Limited) · amount: 33767.51 · period: May 1, 2025 to March 13, 2026 · currency: CAD
- report date24 March 2026
- report noFirst Report Supplement