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One of Alberta's largest homebuilders falls into receivership

Blog by Parry Lagler & Associates | November 8th, 2017

A neighbourhood in Chestermere sits half finished as the snow falls, it blankets construction materials which haven't been touched in weeks. Those who have money sunk into houses are left to wonder what will happen to their future homes and their investments as the homebuilder goes under.

ReidBuilt Homes is one of Alberta's largest homebuilders and on Thursday it lost its court battle to restructure its debt and fell into receivership after the Royal Bank of Canada sought to collect more than $64.6 million.

'What's going to happen?'

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