3 Cresford condo sites enter receivership, thousands of purchase contracts jeopardized
Three high-rise projects by Toronto-based luxury condo developer, Cresford Development Corporation, have entered receivership, according to legal documents released to the public today by PriceaterhouseCoopers (PwC). On Friday, March 27th, PwC was appointed as the receiver and manager of assets for three of Cresford’s downtown properties, including The Clover on Yonge, Halo Residences and 33 Yorkville. The application for receivership...