Insights
The archive, newest first — posts 26–50 of 719. The 8 most recent are on the front. ← The newest analysis
Case update
Sunshine Oilsands: the appeal and the fight over a corrigendum
Sunshine Oilsands has appealed its receivership, first on the ground that the reasons construed a text of the delegation regulation "that is not the enacted text". The court acknowledged a transcription error; the OWA calls it a slip that would not change the analysis, and Sunshine asks that any corrigendum leave the analysis unamended.
Case update
The Simple Investor: a receiver for ten rental properties, North Bay to Windsor
AlixPartners says it was appointed receiver on October 20 of ten SIREG companies, each owning one rental property. Lender HMT Holdings, which applied for the appointment, has told the receiver it understands its mortgages rank first on all ten, including through postponements; the receiver has not independently determined that and intends to seek approval of a sale process.
The Simple Investor Real Estate Group Inc. and related entities
Filing brief
Vibrant Vine: listed at $13.5 million in 2023, under contract at $3.65 million
In 2023 a forbearance agreement with BMO called for the land under the Vibrant Vine winery in Kelowna to be listed at $13.5 million. Deloitte, as receiver, asks the court to approve its sale with the winery's assets for $3,650,000, and says BMO, owed $6,843,572.46 at March 10, 2026, stands to suffer a significant shortfall.
Outcome brief
Victoria Gold: the receivership stay does not reach the D&O defendants
Justice Conway has declared that Victoria Gold's receivership stay does not apply to the former directors and officers sued in the proposed Ontario and B.C. securities class actions, and alternatively lifted it: the Ontario declaration at the hearing on September 29, the B.C. one in reasons released October 1. The defendants argued the actions could not fairly proceed without the company; the receiver read the order as the court did.
Case update
1682 Victoria Park: the monitor asks to end the CCAA without a bankruptcy
On November 10 the monitor asks to end the CCAA without bankrupting the residual company left with $5.5 million of HST arrears; Findev Lending had objected to paying the professional fees for that bankruptcy. Justice Myers had written that a bankruptcy would reverse the CRA's priority; the monitor says the company has no assets, so no creditor is prejudiced.
Case update
XTM: the sale has closed, and the applicants ask to end the CCAA
Pateno's purchase of XTM's assets closed on October 29; a motion returnable November 9 asks Justice Black to authorize XTM's bankruptcy and end the CCAA. Also on October 29, Northland's counsel wrote to six current and former directors and officers, enclosing a B.C. claim Northland intends to file, and said Northland intends to move to lift the stay.
Outcome brief
Canada Tire: the court keeps MNP and turns down FGI's receiver
On October 24 the court dismissed FGI Worldwide's application to replace MNP with Raymond Chabot, an affiliate of FGI's financial advisor, and granted Canada Tire's wind-down under MNP, with costs against FGI. FGI called the wind-down's projections unreliable; the court said the circumstances "support the inference" that FGI's application was motivated, "at least in part", by an "ulterior purpose".
Filing brief
Cymax: BDC's consent receivership reaches four U.S. subsidiaries
Justice Lyster appointed BDO Canada receiver, by consent, of Vancouver online furniture retailer Cymax, its Freight Club shipping platform and three other U.S. subsidiaries on October 26. BDC Capital, owed US$6,767,281.85 at October 8, says the chief executive told it that, given recurring losses and the impact of U.S. tariffs, no more shareholder money would go in.
Case update
District REIT: a day after EY, a receiver for 245 Logan Avenue
On October 29 Justice Jana Steele appointed BDO Canada Limited receiver of 245 Logan Avenue, a tenanted Toronto building whose beneficial owner is District REIT Limited Partnership, on Peakhill Capital's motion. Fifteen days earlier the court had given the borrowers "a final opportunity" to complete a refinancing and pay Peakhill out.
245 Logan District Inc., District REIT Limited Partnership, District REIT GP Inc. and District Property Trust, District REIT Limited Partnership et al
Filing brief
Longview Logistics: 21 trailers, one seized in Texas, and a settlement
National Bank had BDO appointed receiver of 21 Vanguard trailers in October 2025; none was at the companies' Centreport premises, and the one located since was seized by Texas Highway Patrol. BDO now asks the court to approve the companies' settlement with the bank, its sum in a confidential supplement, and to discharge BDO.
Outcome brief
National Traffic Safety: the sale to Ramudden is approved
On November 2 Justice Koehnen approved the sale of the business to Ramudden Global, at a price kept out of the public record, and empowered the proposal trustee to sign for the company without its directors' consent. The amounts s. 65.13(8) of the BIA requires for LIUNA-represented employees are to be paid in full from the proceeds.
Case update
Simran Law: FCT's evidence, before the respondents were heard
The affidavits of October 14 to 16 behind FCT Insurance Company Ltd.'s application without notice allege that on 25 purchases it insured the existing mortgage was not paid out or discharged, and record both respondent lawyers' explanations. No responding material is in the record; the receiver's report is due November 19 and the comeback hearing is set for November 23.
Simran Law Professional Corporation and JP Mann Law Firm Professional Corporation
Filing brief
Starline Foods: a commitment letter, not a term sheet
The order putting an Abbotsford blueberry processor into receivership on BMO's application was made June 25 but took effect September 21, to give its principals more time to refinance, the receiver says. Deloitte took possession that afternoon and now seeks a sale process in which a refinancing would need an executed lender commitment.
Filing brief
Terra Nova Golf Resort: 20 numbered companies later, a final distribution sought
Grant Thornton asks Newfoundland and Labrador's Supreme Court to approve a final distribution and end the receivership, a year after the resort's sale to 83848 closed at $1,000,001. The court refused a sale to the same buyer in 2020 for want of Condominium Act consents. BDC would take the balance after CRA and the Town.
Outcome brief
Waterloo Innovation Network: the reverse vesting order, as signed
On October 30, Justice W.D. Black approved Hyperion Compute Corp.'s sealed-price subscription for the shares of 176 Columbia Street West's owner, vesting excluded liabilities in a new ResidualCo where released claims keep "the same nature and priority." The order grants provisional execution and provides that the principal's 2018 guarantee will not secure the debt the company keeps.
Filing brief
9146-4503 Québec: a $6 million refinancing and a November 18 deadline
9146-4503 Québec, whose two commercial buildings in Beaconsfield and Saint-Bruno-de-Montarville went into receivership on BMO's motion in May, seeks approval of a $6 million loan from EQ Finance. The receiver recommends it; if the court agrees and BMO and both cities are paid by 5 p.m. on November 18, it says, the buildings leave receivership.
Case update
AgraCity: the allocation approved, and the office building at $1,255,000
On October 26, Justice G.A. Meschishnick approved EY's allocation of the $48.2 million UFA sale among the AgraCity companies, extended the stay to January 29, 2027, and approved a $1,255,000 sale of a Saskatoon office building whose interior is unfinished. A third order EY sought, on two creditors' claims, is not in the record.
Precedent note
Habitations Luma: construction hypothecs ordered off co-owners' units
In reasons dated September 8, 2026, Justice Janet Michelin explains why the August 31 reverse vesting order has every legal construction hypothec on the Lago condominium units struck once the monitor certifies closing, co-owners' units included over two holders' objection, and why the price stays sealed after closing.
9304-7033 Québec Inc. (doing business as “Habitations Luma”) and 9251-7465 Québec Inc.
Outcome brief
Camera E-Motion: a sealed sale of the building above the metro line
On October 23, 2026, a Superior Court registrar approved the sale of Camera E-Motion's Ville-Marie building to Investissements 3,38 inc., with the purchase agreement and the accepted offer under seal, and in a second order authorized MNP to distribute the net proceeds and provided for its discharge. BDC's motion sought both.
Case update
National Traffic Safety: the trustee holds to Ramudden
TDB Restructuring's October 31 report still recommends the Ramudden sale. The trustee says letting a related-party "bitter bidder" pursue an alternative after losing a court-sanctioned process compromises its fairness and integrity, and doubts the amended proposal can win the creditors' vote. The company says creditors should be allowed to vote on it.
Case update
Stableview: the 31 get past the bar date, and Grant Thornton answers
Regional Senior Justice MacLeod found "substantial compliance" with a consent deadline and refused to quash 31 unitholders' motion for leave to sue Grant Thornton over the Voxtur shares; the receiver calls each allegation "without merit" and says Progressive Fund investors recovered about 90% of their capital. Leave is to be argued January 20–21, 2027.
Outcome brief
Baffinland: a KERP charge ahead of the senior secured lender security
On October 29 Justice Steele approved Baffinland's KERP and a charge of up to CAD$17,096,250 ranked ahead of the senior secured lender security; the monitor says the DIP and senior secured lenders support both. A second order authorizes the CRO to execute a sealed agreement with the Qikiqtani Inuit Association and Nunavut Tunngavik Inc.
Case update
Drexler Construction: a tax lien and a writ in the way of the Rockwood sale
Grant Thornton's motion, returnable November 10, asks the court to approve selling about 34 acres of Rockwood development land to Nikan Inc. free of a Crown lien tied to a $2,146,261.70 Excise Tax Act certificate and a judgment creditor's writ, which it says the company lacks the funds to discharge, and to seal the unredacted agreement.
Drexler Construction Limited and Down Under Pipe and Cable Locating Ltd.
Case update
Future Health Technologies: the platform is FHT's, and the break fee is gone
FHT, not 2804476 Ontario, owns the core platform of its patient monitoring service, the court held on October 7. MNP's October 29 report says 280 still controls the source code and that gateway failures remain unresolved; for November 2 the receiver seeks approval of an amended stalking horse on the same $2,484,081.15 credit bid, with no break fee.
Case update
Goodfood: six offers, a going-concern winner and a listing it expects to lose
Goodfood's sale process drew six binding offers, and on October 22 the SISP Team chose one that would acquire the business as a going concern, its buyer and price not yet disclosed. None was conditional on the TSX listing, the monitor reports, and Goodfood expects its shares to be delisted after the sale; the approval hearing is set for November 10.