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Creditor claims $122 million loan default on Portwood development

Summary by Tri-Cities Dispatch
Architectural rendering of The Hub (phase 3), which included 138 market rental and 25,000 sq. ft. of commercial space. Edgar Developments image Undeveloped phases of Edgar Development’s Portwood Project project in Port Moody could be placed into receivership after lenders filed suit claiming the developers have defaulted on more than $122 million in debt. Court documents filed in B.C. Supreme Court on July 23 seek the appointment of a receiver a…

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St Catharines StandardSt Catharines Standard
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Creditor claims $122 million loan default on Portwood development

Undeveloped phases of Edgar Development’s Portwood Project project in Port Moody could be placed into receivership after lenders filed suit claiming the developers have defaulted on more than $122 million in debt.

·Welland, Canada
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Tri-Cities Dispatch broke the news on Wednesday, August 5, 2026.
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