GTA Pre-Con Watch

Clarington · Courtice

Mondria 1

Receivership

Reported placed in receivership (BDO) on July 7, 2026 on Meridian Credit Union's application, after water damage with restoration estimated at over $14M, per Insolvency Insider (Aug 2026) and STOREYS (Oct 2026).

Note: 6 storeys per sources. Water damage reported to have occurred in Dec 2025.

Builder / developer
Monde Development Group
Address
1607 King St E
Neighbourhood
Courtice
City
Clarington
Type
Condominium
Units
89
Current reported status
Receivership
Status date
Jul 7, 2026
Deposits returned?
Not confirmed by our sources
Last verified
Oct 24, 2026

Status timeline

  1. Oct 24, 2026Receivership

    Correction: the STOREYS source was previously dated Jul 2026; it was published Oct 1, 2026. The Jul 7, 2026 receivership date is unchanged and is confirmed by both sources. Source: [1], [2]

  2. Jul 7, 2026Receivership

    BDO reported appointed receiver and construction lien trustee on Meridian Credit Union's application; 76 of 89 units reported sold. Source: [1], [2]

Sources

  1. STOREYS — Article: Mondria Condos under receivership after $14M water damage · Oct 1, 2026
  2. Insolvency Insider — Flood-damaged Ontario condo project put into receivership · Aug 16, 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.