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Receiver Appointed for Jovi Realty and Lighthouse Realty
BC Financial Services Authority (BCFSA) is advising consumers who may have been real estate services clients of Jovi Realty or Lighthouse Realty Ltd. that a receiver has been appointed by the BC Supreme Court to take control of the brokerages’ trust accounts.
On April 2, 2026, the BC Supreme Court appointed D. Manning & Associates Inc. to take control of the brokerages’ frozen trust accounts. The receiver is an independent third party appointed and supervised by the court to review, reconcile, and distribute trust funds in accordance with legal and statutory requirements.
This process is complex and may take time. The receiver will contact affected parties directly regarding next steps. BCFSA will work closely with the receiver throughout the process and will provide updates to those impacted, as appropriate.
Questions for the receiver can be directed to Alex Ng at D. Manning at alex.ng@manning-trustee.com.
BCFSA previously issued freeze orders on these brokerages’ trust accounts due to serious concerns identified during its investigation into the handling of trust funds. These accounts may include funds held on behalf of consumers, such as rental income, security deposits, other client monies or licensee commissions. BCFSA’s actions relate to an ongoing investigation into Balpreet Singh Bal, whose activities are alleged to involve the mishandling of trust funds across multiple brokerages, including Jovi Realty and Lighthouse Realty Ltd.
BCFSA’s role is to protect consumer funds and support confidence in B.C.’s real estate marketplace, and we remain committed to keeping affected clients informed. Since issuing the freeze orders, BCFSA has been processing claims through the Special Compensation Fund to support affected consumers and landlord clients whose funds may have been impacted by the freeze order.
What consumers should do now
- Continue working with your property manager or brokerage contact for daytoday property management or transactionrelated matters.
- Direct operational or tenancy questions (for example, rent collection, property maintenance, or tenant issues) to your property manager or brokerage.
- Monitor communications from the receiver, who will provide instructions if you need to submit information or a claim related to funds held in trust.
- Consumers may be eligible for support through the Special Compensation Fund, which provides financial protection to consumers who suffer losses due to licensee misconduct. To find out more, contact the real estate licensee you’ve been working with, who can provide you with information regarding any funds you may have in trust at the brokerage.
Contact Information
BCFSA encourages consumers to contact their real estate licensee with any questions they may have, and to visit BCFSA’s website regularly for updates. For further questions:
- Consumers of Jovi Realty can contact BCFSA at: clientsofjovi@bcfsa.ca
- Consumers of Lighthouse Realty Ltd. can contact BCFSA at: clientsoflighthouse@bcfsa.ca
Frequently Asked Questions
A receiver is an independent third party appointed by the court to take control of property or money. In this case, the receiver has taken control of the trust accounts held by Jovi Realty and Lighthouse Realty and will oversee the review and distribution of funds according to the law.
The receiver was appointed following a freeze order issued by BCFSA due to serious concerns about the management of trust funds. The courtappointed receiver provides a centralized, supervised process to account for funds and determine how they should be distributed.
If you are a consumer whose funds were held in trust by Jovi Realty or Lighthouse Realty, the receiver will review the trust records and assess claims from all parties who may be entitled to those funds. Distribution will occur in accordance with legal priorities and court direction.
Receivership involves detailed legal and accounting reviews and can take a significant amount of time to complete. Timelines vary depending on the complexity of the accounts and the number of claims. BCFSA does not control the pace of the process.
The receiver will provide instructions if you are required to submit information or make a formal claim. Consumers should wait for direction from the receiver before submitting documentation.
BCFSA cannot return or distribute trust funds. The receiver is responsible for managing and distributing funds under court supervision. BCFSA’s role is regulatory oversight and consumer protection.
Consumers should continue to work directly with their property manager or brokerage for all day-to-day property management, tenancy, or transaction matters.
Questions for the receiver can be directed to D. Manning at alex.ng@manning-trustee.com.
BCFSA will post updates on its website as appropriate. The receiver may also contact affected consumers directly with next steps or information requests.
