Ashcroft Homes defaults on $6.5M loan; three properties in receivership

Ashcroft's chief financial officer said the receivership involved "one lender that has taken action toward a particular property," and did not affect the much-larger Ashcroft group of companies.

Ashcroft Homes has defaulted on a $6.5-million loan, sending three of its Richmond Road condominium properties into receivership. Read More