The Christenson Group of Companies, an Edmonton-based developer and operator of seniors housing communities across Alberta, obtained protection under the Companies’ Creditors Arrangement Act (CCAA) on October 17, 2025. The filing was prompted by mounting financial strain from more than $190 million in life lease and secured debt obligations. Ernst & Young (EY) was appointed as monitor to oversee the proceedings. The initial CCAA order faced opposition from National Bank and affected residents, leading to a comeback hearing scheduled for October 27.

Duncan Craig LLP acted as counsel for the Christenson Group, while McLennan Ross LLP represented National Bank. Witten LLP and MLT Aikins LLP were appointed as representative counsel for current and former life lease residents.