Based on the news release by the International Estonian Centre project (IEC) on Sept 2nd, the Toronto Estonian House (EH) and Estonian Foundation of Canada (EFC) have closed the sale of their properties to a local developer DK Broadview Inc for approx $15 million. It is unknown at this point how the proceeds will be split between the IFC and EFC. This deal materialized very quickly after several previous attempts to sell the properties had fallen through for various reasons. The latest failed deal with Revera Inc was announced by the Estonian House just in July 28th.Update #78
The International Estonian Centre Project (IEC) has entered its next phase: Estonian House in Toronto Ltd. (EH) and Estonian Foundation of Canada (EFC) are pleased to update the Estonian community that their Broadview group of properties has been sold to DK Broadview Inc. of Toronto for a base price of $15.6 million with a possible upward adjustment depending on the final density achieved by the purchaser on its proposed rezoning of the properties. With this sale, our community marks a major milestone in the creation of a new and dynamic International Estonian Centre in Toronto.
https://www.estoniancentre.ca/... 
