Peace Point Properties Limited, Receivership

Peace Point Properties Limited, the owner of real property municipally known as 79 Berkeley Street, Toronto, Ontario, and 535-535A Adelaide Street East, Toronto, Ontario, was placed into receivership on June 19 on application by Equitable Bank, owed approximately $2.1 million.

EQ Bank extended a loan to the company in January 2020. The company has defaulted on the loan by, among other things, failing to make monthly payments since May 2024, allowing another charge to be registered against title to the property and failing to repay the loan on maturity.

Bricks Damiani is the receiver. 

Counsel is Blaney McMurtry for Equitable Bank and Aird & Berlis for the receiver.