Real estate receiverships on the rise in Canada as projects stall
While often thought of as a last resort, real estate companies are seeing an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.
![Real estate receiverships on the rise in Canada as projects stall](https://i.cbc.ca/1.7102475.1706830865!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/the-one.jpg)
![The One, Sam Mizrahi and Jenny Coco’s 85-storey luxury condo under development is seen at the corner of Yonge and Bloor streets in Toronto, Thursday, October 19, 2023. People walk past an under-construction condominium building.](https://i.cbc.ca/1.7102475.1706830865!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/the-one.jpg)
While often thought of as a last resort, real estate companies are seeing an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.