Important news for purchasers of condominium projects by Cresford Developments

On Friday March 27, 2020, Tarion received notification that three condominium projects under the umbrella of Cresford Developments have been placed in receivership by Order of the Ontario Superior Court of Justice [Commercial List]. The following are the affected projects:

The Halo Residences: 
Located at 480 Yonge Street, Toronto, Ontario 
Applicable Project Companies:  480 Yonge Street Inc. / 480 Yonge Street Limited Partnership

The Clover on Yonge: 
Located at 595 Yonge Street, Toronto, Ontario
Applicable Project Companies: Clover on Yonge Inc. / The Clover on Yonge Limited Partnership

The 33 Yorkville Residences:
33 Yorkville Avenue, Toronto, Ontario
Applicable Project Companies: 33 Yorkville Residences Inc.  / 33 Yorkville Residences Limited Partnership

PricewaterhouseCoopers Inc. has been appointed as receiver for the projects noted above. For more information on the status of these projects, please click on the following links to PricewaterhouseCooper’s web pages or contact them directly using the email addresses listed:  

Halo Residences

The Clover on Yonge

33 Yorkville Residences