Many real estate companies in British Columbia have recently gone bankrupt – this article is about iFortune foreclosure. When one project faces bankruptcy, other projects by the same company are also likely facing similar problems. The latest example is iFortune Homes, based in Richmond. Like other companies such as Coromandel Properties, Align Properties, Quarry Rock … Read more
A Quick Look at the Proposed Trio of Towers An application to change the zoning has been filed for three buildings in Surrey, close to Gateway Station. The plan consists of 967 residential units spread out among three buildings, along with 984 parking spots for vehicles. The project is required to contribute to community amenities … Read more
A 55-storey Tower In Vancouver’s West End Has Been Placed Under Receivership At a Glance Developers of a high-profile high-rise project in Vancouver’s West End have been placed under receivership, as they owe $82.2 million to the Bank of Montreal. The project, called 1045 Haro Street, consists of a 55-storey condo tower and a 15-storey … Read more
Langley Townhouse Project in Receivership, Owes Nearly $40 Million at a Glance A townhouse project in Langley, British Columbia, known as The Willoughby, has been put into receivership after owing creditors more than CAD39.9m ($30.5m). The project was being built by Quarry Rock Developments and was partly built with a few townhouses finished and others … Read more
The Details Of Westbank is Dealing with a Barrage of Lawsuits from Canadian and U. S. Projects Because of Unpaid Invoices Westbank Corp., a well-known Canadian developer with a reputation for ambitious architecture, is currently facing problems with unpaid bills for multiple projects in Toronto and Seattle. Numerous contractors have claimed millions of dollars in … Read more