Real Estate
 

November 13, 2019

 
 
Top stories
 
Small investors face losses on Toronto developer’s debt woes
  Small investors face losses on Toronto developer’s debt woes
 

Shane Dingman

 
Real Estate Reporter
A real estate developer who raised tens of millions of dollars from dozens of individual investors bundled into syndicated mortgages to fund Toronto-area condominium buildings is facing an investor revolt on one project and insolvency on another.

 
Dimitrios (Jim) Neilas, chief executive officer of Storey Living Inc., is facing legal fights on two fronts as projects he has pushed – known as the Adelaide Lofts in downtown Toronto and the OpArt condos in Oakville – are now subject to court actions from creditors seeking to sell land parcels that he had hoped to make into condominium or rental properties. At stake are millions of dollars for small investors whose loans are not registered and not protected in an insolvency process, or in the settlement deals proposed by the debtors.

 
 
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Toronto real estate buyers: cautious at the high end, voracious at the lower end
  Toronto real estate buyers: cautious at the high end, voracious at the lower end
 

Carolyn Ireland

 
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Two Toronto projects take different approaches to building on former public land
  Two Toronto projects take different approaches to building on former public land
 

John Lorinc

 
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The market
 
Toronto, Hamilton housing markets less risky, CMHC says
  Toronto, Hamilton housing markets less risky, CMHC says
 

Matt Lundy

 
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Toronto real estate
 
Torontonians in search of affordability head west
  Torontonians in search of affordability head west
 

Carolyn Ireland

 
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Soft loft in Leslieville dressed to impress buyers with $500,000 budget
Soft loft in Leslieville dressed to impress buyers with $500,000 budget
 

Sydnia Yu

 
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Mortgages and rates
 
Home Capital says third-quarter profit climbs from year ago, mortgage originations up
  Home Capital says third-quarter profit climbs from year ago, mortgage originations up
 
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In case you missed it
 
  Squamish Nation’s planned development on traditional land in Vancouver doubles in size, includes 11 towers
 

Frances Bula

 
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