Bear Mountain Resort Enters Court-Ordered Sale
Bear Mountain Resort on Vancouver Island has been listed for sale under court order, drawing interest from investors eager to acquire this iconic property. Located in Langford and the Highlands, just minutes from downtown Victoria, the resort features two championship 18-hole golf courses designed by Nicklaus Design, Canada's largest indoor/outdoor red-clay tennis facility with eight courts, and an extensive network of bike and walking trails. The offering includes the remaining masterplan development lands and resort operations, excluding the Westin Bear Mountain Resort and Spa, which continues unaffected.
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The sale stems from receivership proceedings initiated last September after Ecoasis Developments LLP failed to repay a $62 million loan to creditor Sanovest Holdings Ltd. Approved by the B.C. Supreme Court on July 15, 2025, the process invites bids without a fixed listing price, operating on a competitive bidding basis. Potential buyers must submit letters of intent by September 16, 2025, detailing their proposed price and capital sources, with final bids due by November 3, 2025. This structure allows for market-driven valuation, potentially exceeding the outstanding debt given the property's development potential—zoned for over 2,310 residential units and 120,000 square feet of commercial space.
This sale represents a unique opportunity to invest in a well-established golf community with substantial growth prospects. As the bidding unfolds, Bear Mountain's future could see enhanced development, solidifying its status as a top-tier leisure destination in Canada.
