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Old Posted Dec 20, 2018, 4:25 PM
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Drofmab Drofmab is offline
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Join Date: Aug 2008
Location: Regina
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Anyone else catch this article on Fortress? It was the front page of the Globe's Report on Business section on Saturday:

Inside the Fall of Fortress

Fortress Real Developments raised $920-million from 14,000 Canadians who thought they were getting low-risk, steady income. Now, as the company comes under the pressure of an RCMP investigation and faltering projects, some face the prospect of devastating losses


Article only briefly mentions Capital Point - carries 2nd highest value of mortgage loans registered against it among Fortress's "projects" ($33.3million - Collier Centre in Barrie is 1st ($52.9m), and SkyCity in Winnipeg is 3rd ($32.2m)).

Interestingly, Capital Point is the only project among the 10 listed that hasn't either declared insolvency/receivership, been put up for sale, or had buyers' deposits returned. Yay, us!
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