September 18, 2020
9113 Bathurst Street and 9125 Bathurst Street, Richmond Hill, Ontario — owned by Highyon Development No. 118 LP ("Highyon LP") — were placed in receivership on September 18 on application by Vector Financial Services Limited, owed approximately $5.8 million. Highyon LP, which acquired the properties in order to build a series of townhouses, has not identified or advised the applicant of any source of liquidity available to repay its indebtedness. RSM was appointed receiver. Counsel is Gowling WLG for the applicant, Henry K. Hui & Associates for the company and Paliare Roland for the receiver.
