June 4, 2019
6910 HWY7 Inc., a company which owns the real property known as 6910 and 6950 Hwy No. 7 East in Markham, Ontario, was placed in receivership on June 4 on application by Am-Stat Corporation, owed approximately $24.4MM. The property consist of two vacant parcels of land adjacent to the Markham Stouffville Hospital. The land is intended as the site of a future residential and commercial development. Rosen Goldberg was appointed receiver and is tasked with realizing on the property through a formal marketing and sale process. Counsel is Dickinson Wright for the applicant and Teplitsky, Colson LLP for the company.