Domain Wins Receivership Over Skyview Parking and To Let Housing

Skyview Parking, a Calgary airport parking and RV storage business, has been placed in receivership along with affiliated To Let Housing Corporation. On September 12, 2025, the Alberta Court of King’s Bench appointed MNP Ltd. as receiver at the request of secured lender Domain Mortgage Corp. The consent receivership order gives MNP control of the Skyview facility as well as a portfolio of residential rental properties across the city.

The case centres on the Skyview Parking facility, a 20-acre industrial parcel at 5005–144 Avenue NE, Calgary, located roughly 10–12 minutes from Calgary International Airport. Opened as a family-owned operation, Skyview marketed itself as an off-airport parking alternative with free shuttle service, fenced and secured storage, pest-controlled lots, and round-the-clock monitoring. It catered to air travellers seeking long-term parking and also offered RV storage, positioning itself as a lower-cost option to airport-run facilities.

The property formed the primary collateral for a $4.5 million first mortgage advanced by Domain in March 2024. A further $2.5 million loan was secured against a collection of residential rental assets in Calgary, including a 10-unit apartment building on 6th Avenue NE, townhomes on Elbow Drive SW, and a multi-family complex on 7th Avenue SE.

Both loans matured on December 1, 2024, and were not repaid. Domain issued demands and BIA notices in November and December 2024, but the debtors sought repeated extensions. Through the first half of 2025, the parties entered into three separate forbearance agreements as the borrowers pursued refinancing and claimed prospective buyers were circling the Skyview business. Conditional offers and letters of intent were floated, including reports of an interested competitor in the airport parking sector, but no deal closed.

The Third Forbearance Agreement, dated August 5, 2025, set out staged payments totalling more than $350,000 by October 5. The debtors quickly defaulted, missing or delaying the first two instalments and delivering only $10,000 of the $128,937.85 due on September 5, 2025.

With investors unpaid nearly a year past maturity and no credible sale agreement in hand, Domain filed the consent receivership order. On September 12, the Court appointed MNP Ltd. to take possession of the Skyview property and To Let’s rental holdings, with broad authority to operate, market, and sell the assets.

Professionals: Domain is represented by Lawson Lundell LLP (Alexis Teasdale, Angad Bedi, Eloise Hirst). The debtors are represented by Poole Lawyers (Jeffrey Poole). MNP Ltd., led by Senior Vice-President Kristin Gray, is acting as receiver.