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
People walk past an under-construction condominium building.

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.