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Surrey Central Condo Project

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Massive Surrey condo project placed into receivership over $85-million debt

vancouversun

Summary

Nutrition label

75% Informative

District NW, a 1,032 -unit development planned for central Surrey , is one of the largest receiverships in Metro Vancouver .

Lender KingSett Mortgage Corp. claims it is owed more than $85 million , with interested continuing to accrue at $ 31,661 per day.

Developer, Thind Properties, had failed to make its monthly mortgage payments starting in May of this year .

VR Score

78

Informative language

75

Neutral language

85

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

14

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Source diversity

9

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1

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