High interest rates are pushing more developments into receivership calgaryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calgaryherald.com Daily Mail and Mail on Sunday newspapers.
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.
From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.
TORONTO From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.