The BC Supreme Court approved a receiver’s sale of development lands through a reverse vesting order, finding that the structure preserved permits, avoided unnecessary transfer tax and would leave no stakeholder worse off than a conventional sale. The ruling applied the Soundair and Harte Gold principles to the specific receivership transaction.
Case card
Pacifica Mortgage Investment Corporation v 2490 Marine Drive Ltd., 2026 BCSC 1928
Source reviewed · Court holding
Held. The BC Supreme Court approved a receiver’s sale of development lands through a reverse vesting order, finding that the structure preserved permits, avoided unnecessary transfer tax and would leave no stakeholder worse off than a conventional sale.
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