New homes to rise out of ashes of collapsed builder Stateview
As the fallout from the collapse of real estate developer Stateview Homes continues to work its way through the courts, some of its unfinished townhouse projects are about to spring back to life under new owners.
Left outside of this rebirth are hundreds of buyers who initially placed deposits with Stateview in the years before the company filed for insolvency in May, 2023. In all, more than 765 homebuyers gave the company more than $77-million in deposits for unbuilt townhouses and detached homes across the Toronto region.
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