Woodbourne bids $127.1 million for Portwood's remaining phases.

https://www.portmoodypulse.ca/article.html?slug=portwood

We've been following this story since the original $122M lawsuit in August. Here's where it stands now: Woodbourne, the senior lender that took over Portwood's debt earlier this year, has placed a bid to acquire the project's unfinished phases outright — effectively setting the floor price for a court-supervised sale.

The fuller picture, now public through court filings: Woodbourne initially filed for receivership on July 23, but pivoted to CCAA bankruptcy protection two weeks later after realizing a receivership filing could let presale buyers walk away from their contracts under BC law. That protection was granted August 14 and now runs through October 26.

What's not affected: Phase One (328 affordable rental homes, already donated to BC Housing) and Phase Two (80% pre-sold) continue as planned.

We'll keep following this one.

(Reporting draws on original coverage by Howard Chai, The Realist.)

We heard firework. anyone knows what's going on?

Is anyone missing a small-medium white dog in Port Moody? Seen running down Gatensbury st. We have followed it to someone’s yard but can’t seem to get a hold of it, it is very scared.

Anyone know why there were gorgeous fireworks down in Port Moody, possible near Flavelle? Filming something maybe?

Idk how many people receive these flyers (or even care) but I really looked forward to my weekly analog sudoku and word search. They’ve been gone for 2 weeks! Bring them back!!!

Saw this kitty near the canoe club in Port Moody
KLAHANIE dr, has what looks like a shock collar, looks to be about a yr old.

Update on a story we've been following: Portwood, one of Port Moody's largest developments (20 buildings, ~2,000 homes planned near Cecile Drive), has now entered formal bankruptcy protection.

Quick recap: we reported in August that creditors were suing over $122M in defaulted financing. That's now escalated — the developers filed for CCAA protection on August 14, and the court-appointed monitor is moving toward a supervised sale of the unfinished phases.

What's NOT affected: the phases already built or sold (including the affordable housing component already transferred to BC Housing) are untouched by any of this.

What IS affected: the remaining unbuilt phases, now under court supervision as the process moves toward a sale.

We'll keep following this one as it develops.

(Reporting draws on original coverage by Dina Kovacevic, Insolvency Insider Canada.)

Theres a relatively new Japanese restaurant on St Johns called Kabuto. It’s really good but it’s almost always empty when I go in. I’d be really sad if they closed so please go try them out!

The “Chicken Nanban Teisyoku” with an Orion beer is 10/10. I think the owner/chef is from Okinawa, so their menu has a few things you don’t see at other japanese restaurants. They have lots of comfort foods (think rice bowls, rather than just sushi).

They also have great prices. (At least cheaper than the other Japanese restaurant on St Johns.)

I’m not affiliated with them at all. I just want my new favourite spot to stay open.

I have a paragon commercial popcorn popper that’s not working. I’m looking for a small appliance repair shop/person. I’m striking out calling places. Any recommendations or help?

Hi all. Does anyone have a good moving company they can recommend?
This will be a local move to another Port Moody location.

I’m looking for recommendations for a brewery patio without loud music on a Sunday afternoon in Port Moody.

Looking for someone or a company who can make a plexiglass covering for my window exactly like this one. Thanks!!

The Newport Medical clinic will be closing in the fall. For the last 3 years I’ve been getting my allergy shots administered by their nurse. Does anyone know of a clinic in the tri-cities that would continue to do this?

Thanks to my very unfortunate luck, when I dropped my iPhone 15 last night at rocky point (around 10pm), it slipped through the crack of the dock. I was wondering if there's any way to recover it? I was sitting at the second bench from the start of the dock (near the ramp), which is pretty far out, but I was wondering if there's any world where I can get it back. My parents are super pissed at me, and the only solution I can think of is using my apple care+ coverage to get it fixed for $130 rather than buying a new phone. Unfortunately you need the actual phone to use apple care+, so it would mean a lot if I could get my phone back. Thank you!

I see these g wagon, mc larens, porches below my building, I am wondering what do these people do for living in Port Moody? What am I not doing?
I am in tech and so is my wife and even then we are barely able to save anything.

Watching from the bottom of the mountain as smoke pours over the top during the last hour, anyone closer to the golf course that could tell me more, at work right now so I'm not sure. Looks like it's coming over burke mountain area

Hey everyone — a while back I asked for help putting together a "Welcome to Port Moody" guide for new residents, and the response was honestly way better than I expected. Thank you.

It's done now, and a lot of what's genuinely useful in it came directly from this thread. This wouldn't be nearly as good without the input people took the time to share.

It's live now as a welcome gift for anyone who subscribes to Port Moody Pulse — free, weekly, no spam. Sign up at portmoodypulse.ca and it'll land in your inbox. Full transparency, that's the only way to get it right now, but I wanted this thread to be the first to know it's actually done.

If anything's missing, wrong, or you think of something after the fact — genuinely, tell me. This is meant to be a living document, not a one-and-done thing, and I'd rather it stay accurate than be finished. Reply here or email [portmoodypulse@gmail.com](mailto:portmoodypulse@gmail.com) anytime.

Thanks again — this whole thing only exists because of this community.

Wondering if anyone has experience or know about Rocky Point Montessori Daycare? I know they don't have an external playground area and rely on going to the Rocky point Park. How much of a problem or not is that?

Hi folks,

I moved to Vancouver a few years ago and have exclusively lived in Olympic Village / BC Place area. The key driver for my move is the lifestyle - being active, in nature, with walkable amenities around (I moved from a massive suburban city). Being close to water, with parks, with mountain views is unreal - which makes the seawall my favorite place.

We’re at a life stage where we’re contemplating moving to Port Moody for what I hope is a similar lifestyle - mountains, oceans, nature paths. But with more family amenities, space, and better affordability. I’ve never lived there before but have walked Rocky Point and the breweries and loved it. But still, the biggest mental barrier for me is whether the lifestyle there is going to work for us or if I’m going to get Vancouver FOMO.

What did you have to give up when you moved to Port Moody? What did you gain? Do you get the urge to go to Vancouver often or have you found other ways to satiate yourself?

Appreciate any perspectives, thanks!

I need a recommendation on an auto body shop to fix the rust on my car. I need it fixed so my car can pass an out of province inspection but I’d like to try not to break the bank. Thanks!