GTA Pre-Con Watch

Markham · Yonge & Steeles (Toronto-Markham boundary)

Zonix Tower

Receivership

TDB Restructuring reported appointed receiver of the planned Zonix Tower site on Oct 15, 2026 on Cameron Stephens' application, per the receiver's case website and court filings.

Note: Owned through Zonix Homes Inc. and Zonix Dudley Inc. Planned as two high-rise condo towers (about 1,060 units) with zoning and site plan approval; filings say no presales or construction. A conditional sale of the site signed in Apr 2026 was reported still conditional at the Oct 15 hearing.

Builder / developer
Zonix Homes
Address
36-48 Steeles Ave E and 37-49 Highland Park Blvd
Neighbourhood
Yonge & Steeles (Toronto-Markham boundary)
City
Markham
Type
Condominium (proposed)
Units
1060
Current reported status
Receivership
Status date
Oct 15, 2026
Deposits returned?
Not confirmed by our sources
Last verified
Oct 24, 2026

Status timeline

  1. Oct 15, 2026Receivership

    TDB Restructuring reported appointed receiver and manager; filings say no presales had launched and no construction had started. Source: [1], [2], [3]

Sources

  1. TDB Restructuring (court-appointed receiver) — Zonix Homes Inc. et al. case website · Oct 15, 2026
  2. Ontario Superior Court of Justice (via TDB) — Appointment Order, Oct 15, 2026 (PDF) · Oct 15, 2026
  3. Cameron Stephens Mortgage Capital (applicant, via TDB) — Application Record, Jun 18, 2026 (PDF) · Jun 18, 2026
  4. Proceedings.ca — Analysis: Zonix Homes, the tower site goes to a receiver after three adjournments · Oct 23, 2026
This page summarizes what the cited sources reported; GTA Pre-Con Watch has not independently verified these events. Status may have changed since the last-verified date. This is not legal or financial advice — purchasers should speak with a real estate lawyer and check Tarion and the receiver's website. Spot an error? Request a correction.

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