GTA Pre-Con Watch

Markham · McCowan Rd & Bur Oak Ave

EverHome

Receivership

Grant Thornton reported appointed receiver on Oct 14, 2026 on Meridian Credit Union's application, after construction stopped in May 2026 at about 86% complete, per Insolvency Insider and STOREYS (Oct 2026).

Note: Developed through Sher Markham Inc. and Sher Holdings Inc. 103 of 131 residential units reported pre-sold as of Jul 2026; the project also includes one commercial unit.

Builder / developer
The Sher Corporation
Address
9704 McCowan Rd
Neighbourhood
McCowan Rd & Bur Oak Ave
City
Markham
Type
Condominium
Units
131
Current reported status
Receivership
Status date
Oct 14, 2026
Deposits returned?
Not confirmed by our sources
Last verified
Oct 24, 2026

Status timeline

  1. Oct 14, 2026Receivership

    Grant Thornton reported appointed receiver, manager and construction lien trustee; court reported to refuse an adjournment to pursue CCAA. Source: [1], [2], [3]

  2. May 2026Stalled / on hold

    Construction reported halted in mid-May 2026 at about 86% complete after the construction manager withdrew. Source: [1], [2]

Sources

  1. Insolvency Insider — Ontario court orders receivership of stalled Markham condo project owing $57.7 million to Meridian · Oct 18, 2026
  2. STOREYS — Article: Nearly-complete EverHome in Markham under receivership · Oct 23, 2026
  3. Proceedings.ca (court filing summary) — Receivership Order dated Oct 14, 2026, Sher Markham Inc. and Sher Holdings Inc. · Oct 14, 2026
This page summarizes what the cited sources reported; GTA Pre-Con Watch has not independently verified these events. Status may have changed since the last-verified date. This is not legal or financial advice — purchasers should speak with a real estate lawyer and check Tarion and the receiver's website. Spot an error? Request a correction.

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