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🚨 YOUR DEPOSIT IS ON THE LINE: THE RECEIVERSHIP REALITY 🚨
If you bought a presale in Metro Vancouver, you NEED to read this. Sellers get emotional instead of mitigating their losses — developers do the same, and now buyers are paying the price.
This isn’t just one bad project. It’s a systemic market issue, and here are some of the developers + projects currently facing receivership or serious financial distress in our area:

⚠️ Developers & Projects in Trouble (2025)
🏚️ Thind Properties — District Northwest (Surrey), Highline (Burnaby), Minoru Square site (Richmond)
🏚️ Square Nine Developments — Belvedere (Surrey), fully built with 40 unsold units in CCAA
🏚️ Quarry Rock Developments — The Willoughby (Langley), The Met (Port Coquitlam)
🏚️ I4 Property Group — Siena at the Heights (Burnaby), partially constructed + receivership
🏚️ Brivia Group — CURV (Vancouver), massive debt load + court-ordered proceedings
🏚️ Lightstone Development — Chloé (Kerrisdale), completed but fell into foreclosure/receivership
🏚️ Keltic Development — Nexus (Vancouver), ~79% built before lender stepped in
🏚️ Anderson Square Holdings — Prima (Richmond), ongoing financial/legal complications

What does this mean for YOU, the buyer?

1️⃣ 🔒 Deposit Safety… and the Hidden Costs
Under B.C.’s REDMA, your deposit is held in trust, so creditors can’t take it.
BUT HERE’S THE CATCH: when a developer collapses, buyers often have to deal with the Receiver through legal channels.
That means lawyer fees, delays, and stress — and those extra costs are usually NOT recoverable.
So even though the trust protects your deposit, you may not get 100% of your money back.

2️⃣ 🏢 Built-Out Buildings With Unsold Inventory
If the building is complete but the developer is in receivership (like Belvedere):
Your title is safe, BUT… the strata loses the financial backing of the remaining unsold units.
Operating costs, maintenance, and deficiencies shift onto fewer owners — meaning higher fees or even special levies.

THE BOTTOM LINE:
Don’t rely on hope. Rely on due diligence. Insolvencies are a real risk in this market — and they can cost buyers time, money, and serious stress.

🛑
Holding a presale contract with a developer on this list? Thinking about writing an offer right now?
📩 DM me “PROTECT” and I’ll send you my 5-Point Presale Risk Checklist — the exact questions you need to ask your lawyer before signing anything.

#PresaleBC #DeveloperInsolvency #BurnabyRealEstate #RichmondRealEstate #SurreyRealEstate #LangleyHomes #MetroVancouver #RealEstateCrisis #BCRealEstate #PresaleRisk