Ontario · Receivership (court-appointed)
Twelfth Report of the Receiver dated September 9, 2026 (for motion returnable September 17, 2026
Court officer report · 9 September 2026
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What we verified from this filing6 verified
- operational summaryThe Receiver has been completing and selling the Richmond Hill Grace residential project, and this report addresses assignment of the Debtors' arbitration claims against defaulting homebuyers and trade claims against contractors (Ararat, Dillon, Core, EDG COR) to the senior secured creditor Cameron Stephens in satisfaction of secured debt.
- purchaserCameron Stephens Mortgage Capital Ltd.; Cameron Stephens Mortgage Capital Ltd.
- recovery outcomeentries: basis: estimated · quote: It is currently anticipated that Cameron Stephens will suffer a substantial shortfall in the amounts it will ultimately recover in respect of its security; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Cameron Stephens Mortgage Capital Ltd. · creditor name: Cameron Stephens Mortgage Capital Ltd. · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-09 · table missing:
- report date9 September 2026
- report noTwelfth Report
- sale outcometext: Receiver recommends approval of the Arbitration Claim Transaction and Trade Claim Transaction, both pending Court approval · scope: ancillary · status: pending_approval