July 30, 2018
2546456 Ontario, a Thornhill, Ontario-based company that owns a three-unit rental building located at 558 Dovercourt Road, Toronto, Ontario, had its property placed into receivership on July 30 on application by Money Gate Mortgage Investment Corporation, owed approximately $611.0M. When the mortgage was not paid on maturity, Money Gate issued a formal demand for repayment and a Notice of Intention to Enforce Security. Ira Smith Trustee & Receiver was appointed receiver. Steinberg Title Hope & Israel is counsel to the applicant.