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Remaining undeveloped areas in Bear Mountain resort community sell for $141 million

Groundplay Developments acquires Ecoasis's 300-acre section of masterplanned community through a court-supervised sale
Aerial view of Bear Mountain resort at 1500 Hannington Road in Victoria. (CoStar)
Aerial view of Bear Mountain resort at 1500 Hannington Road in Victoria. (CoStar)
By Melissa Rosenberger
CoStar Research
April 3, 2026 | 7:05 P.M.

Following a receivership process initiated in late 2024 by Alvarez & Marsal Canada, a Vancouver Island resort called Bear Mountain sold for $141 million to an investment group that included one fo the property's original owners.

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News | Remaining undeveloped areas in Bear Mountain resort community sell for $141 million