Developer’s debt woes worsen as more Metro Vancouver condo projects face insolvency (BC)

/ Owner - January 10, 2025

Promoted as a place designed to be “the centre of your world,” Thind Properties advertised the multi-million-dollar Eclipse condo tower in Burnaby, B.C., as a place where owners “would never have to leave home” to find balance.  This week, the embattled developer’s own lack of financial equilibrium led a B.C. Supreme Court judge to place two companies incorporated to build the Eclipse and three other towers into creditor protection — the latest Thind projects to face insolvency over mortgage debt.    Read the article…………………………….

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