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Fernwood Developments (Ontario) Corporation

Toronto, February 12, 2020 - The Ontario Superior Court of Justice issued an Order dated February 12, 2020 (the “Appointment Order”), appointing RSM Canada Limited as receiver (the “Receiver”) without security, of all of the assets, undertakings and properties of Fernwood Developments (Ontario) Corporation.

A copy of the Appointment Order is posted below and other pertinent public information will be posted to this website as that information becomes available.

Creditors of the company are asked not to file a proof of claim at this time. Should you require additional information, please contact Echa Odeh at (647) 730-3728 or echa.odeh@rsmcanada.com.  We will try our best to respond to your enquiry within two business days.


Toronto, July 29, 2020 - On July 29, 2020, Fernwood Developments (Ontario) Corporation filed an assignment in bankruptcy (the “Bankrupt”) and RSM Canada Limited was appointed as trustee of the estate of the Bankrupt.  A copy of the Certificate of Appointment is posted below.  A Notice of Bankruptcy and First Meeting of Creditors with a Proof of Claim form has been mailed to known creditors of the Bankrupt.

Initial Application and Subsequent Pleadings and Motions
Initial Application Record dated January 31, 2020
Motion Record of the Receiver dated July 1, 2020
Notice of Motion (Bankruptcy) dated July 6, 2020

Reports of the Receiver
First Report of the Receiver dated June 30, 2020

Orders and Endorsements of the Court
Appointment Order dated February 12, 2020
Endorsement of Justice Hainey dated February 12, 2020
Sales Process and Administration Approval Order dated July 7, 2020
Endorsement of Justice Dietrich dated July 7, 2020
Assignment Approval Order (Bankruptcy) effective July 10, 2020
Endorsement of Justice Dietrich dated July 10, 2020

Notice to Creditors
Notice & Statement of Receiver dated February 21, 2020

Sales Process

RSM Canada Limited, in its capacity as Court-appointed Receiver of Fernwood Developments (Ontario) Corporation (“Debtor”) is currently inviting offers for the purchase of the Debtor’ s right, title and interest in property located at 242-252 Penetanguishene Road in Barrie, Ontario (the “Property”)

The Property comprises 58 stacked townhouse condominium units owned by Fernwood of which 26 are completed and 32 are in various stages of completion. The units are in a 94-unit development known as Schoolhouse Barrie.  The 26 completed units are currently part of a condominium known and registered as Simcoe Standard Condominium Corporation No. 420.  Once the 32 incomplete units are completed, the condominium declaration will have to be amended to include them.

The deadline for submission of offers is Friday, August 14, 2020 at 12:00 noon. For further information, please contact Echa Odeh at 647-730-3728 or by email at echa.odeh@rsmcanada.com. A copy of the marketing brochure in relation to this sale is below:

Marketing Brochure

Bankruptcy Documents
Certificate of Appointment
Notice of Bankruptcy and First Meeting of Creditors
Proof of Claim Form

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