Ashcroft Homes Group, an Ottawa-based residential community developer, obtained CCAA protection on December 5, 2024 due to liquidity issues arising from rising interest rates and declining occupancy rates. The group comprises eight entities, seven of which are single-purpose entities owning specific residential communities, while the eighth manages group operations. The companies reported over $393 million in liabilities, including nearly $285 million in secured debt to lenders such as CMLS Financial, ACM Commercial Mortgage Fund, Institutional Mortgage Capital Canada, Central 1 Credit Union, Peoples Trust Company, Equitable Bank, and Canadian Western Bank.

Grant Thornton was appointed monitor, with Mann Lawyers and Blue Rock Law serving as counsel for Ashcroft Homes Group. Osler represented the monitor. Hawco Peters and Associates acted as the group's financial advisor.