Luxury Oakville townhomes caught in crossfire of a messy business divorce

A war of words over the insolvency of a luxury townhouse condominium project in Oakville has pitted a titan of Canadian business against a custom-home builder with anxious buyers caught in the middle.

“I am firmly confident that there was not a single act of financial impropriety in any of Boreal’s financial affairs while under my watch,” said Mr. Bowman in a statement. “There are two sides to every story and I will hopefully be given the opportunity to express mine. Of course I would have preferred to keep our partnership issues private but this action has precluded that from occurring.”

There are a handful of other sites in the Boreal partnership that were being prepped for development, but most of the action is happening at Sheddon.Kesmark’s business was not related to Boreal, but Mr. Price’s business connections to it and the lender Halmont run deep: the three directors of Kesmark include long-time colleagues of his, including current CEO of Brookfield Asset Management J. Bruce Flatt, as well as Brian Lawson and Robert Harding .

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The best business books of 2021Here’s my guide to the best business books of the year
Källa: globeandmail - 🏆 5. / 92 Läs mer »

Small business owners in B.C. balk at unexpected property tax changeBusinesses in Victoria, Vancouver and elsewhere that are unexpectedly — and without consultation — losing their ability to claim property tax relief on air space.
Källa: VancouverSun - 🏆 49. / 61 Läs mer »

How note-taking will help you become a better listener in businessListening goes a long way at work, which makes it a valuable skill to hone
Källa: nationalpost - 🏆 10. / 80 Läs mer »