From January 2015, she started to practice leetcode questions; she trains herself to stay focus, develops "muscle" memory when she practices those questions one by one.
2015年初, Julia开始参与做Leetcode, 开通自己第一个博客. 刷Leet code的题目, 她看了很多的代码, 每个人那学一点, 也开通Github, 发表自己的代码, 尝试写自己的一些体会.
She learns from her favorite sports – tennis, 10,000 serves practice builds up good memory for a great serve. Just keep going.
Hard work beats talent when talent fails to work hard.
如今，那位曾经以数千美元起家的米勒维尼已经成为美国顶级股票交易员之一。他在1990年代获得了巨大的收益，并得到了《股市奇才：美国顶级股票交易员访谈》（Stock Market Wizards: Interviews with America's Top Stock Traders.）一书的作者杰克·施瓦格（Jack Schwager）的专访与认可。他在书中写道：“米勒维尼战胜了那些试图设计交易系统以打败市场的博士们。”
Thind Properties is currently facing insolvency proceedings on its District Northwest, Minoru Square, Highline Metrotown, Eclipse Brentwood, and Maywood projects.
[Editor's Note: This article will continue to be updated as Thind Properties' various insolvency proceedings progress. Last update: April 17, 2025.]
Over the last two or so years, Metro Vancouver (and beyond) has seen many real estate developers become insolvent, but most of those were relatively inexperienced developers and the scale of the financial troubles were proportionally limited.
That is, perhaps, why the insolvency of Thind Properties has drawn so much attention. Founded over 20 years ago by Daljit Thind, Thind Properties has completed over 1,200 homes and has more than 1,800 units still in its pipeline. The latter number, relative to the former, is also perhaps one of the reasons why the company began facing financial trouble when it did.
All four of its yet-to-be completed projects — District Northwest, Minoru Square, Eclipse Brentwood, and Maywood — and one recently-completed project — Highline Metrotown — are all now the focus of insolvency proceedings, as first reported by STOREYS throughout late-2024. Court-ordered sales are now underway for several of them.
Below is a timeline of Thind Properties, the breadcrumbs leading up to its insolvency, and the ongoing insolvency proceedings.
December 2016
Dec 12: Thind Properties receives third reading (conditional approval) for three residential towers in the Brentwood neighbourhood of Burnaby. The project is referred to as "The Residences at Brentwood Park South." Final adoption is later granted on June 26, 2017. (Rezoning Application)
September 2017
Sept 20: Thind Properties retains Rennie as the sales and marketing firm for its Highline Metrotown project in Burnaby. (Receiver's Report)
October 2018
The City of Burnaby grants final approval for Thind's Highline Metrotown project, a 48-storey mixed-use tower at 6511 Sussex Avenue. (Council Meeting)
July 2020
Jul 27: Thind Properties' rezoning application for the project that would become District Northwest is considered by Surrey City Council for the first time. (Rezoning Application)
April 2021
Apr 28: Thind Properties and Toronto-based KingSett Capital enter into a first-ranking mortgage agreement for the principal amount of $95,000,000, registered against Eclipse Brentwood, with the interest rate set at the RBC Prime Rate + 2.25% and a floor rate of 4.70% per annum. The agreement is later amended several times, ultimately to $124,000,000. (KingSsett Affidavit)
Apr 28: Thind Properties and KingSett Capital enter into a second-ranking mortgage agreement with two facilities: one for the principal amount of $50,000,000 and one for $15,400,000, both registered against Eclipse Brentwood, with the interest rate set at the RBC Prime Rate + 8.55% and a floor rate of 11.00%. (KingSett Affidavit)
July 2021
Jul 16: Several months after a public hearing, the City of Richmond's Development Permit Panel considers Thind Properties' development application for Minoru Square. (Development Application)
October 2021
Oct 18: Thind Properties and KingSett Capital enter into a first-ranking mortgage agreement for the principal amount of $49,000,000, registered against Minoru Square. The agreement is later amended several times, ultimately to $72,650,000, with the interest rate set at the RBC Prime Rate + 5.54% and a floor rate of 12.24% per annum. (KingSett Affidavit)
December 2021
Dec 21: Thind Properties launches sales for the District Northwest project in Surrey, with Rennie serving as the marketing and sales firm. (Thind Affidavit)
February 2022
Feb 14: Thind Properties and KingSett Capital enter into a first-ranking mortgage agreement for the principal amount of $55,750,000, registered against District Northwest. The agreement is later amended several times, ultimately to $79,912,500, with the interest rate set at the RBC Prime Rate + 7.04% and a floor rate of 9.49% per annum. (KingSett Affidavit)
May 2023
Thind Properties informs pre-sale purchasers on Minoru Square that they are pausing the project and returning deposits due to high interest rates. (Source)
June 2023
Jun 30: The Canada Revenue Agency obtains a court judgment for $11,996,763.09, registered against Eclipse Brentwood. (KingSett Affidavit)
August 2023
Aug 7: Thind Properties Founder & CEO Daljit Thind is appointed to the Order of British Columbia. (Press Release)
Nov 2: Thind Properties and KingSett enter into a second-ranking mortgage for the principal amount of $99,890,625, also registered against District Northwest. (Petition)
March 2024
Mar 3: KingSett Capital's Managing Director of Mortgage Investments Justin Walton informs Daljit Thind that they will not be providing construction financing for District Northwest, citing KingSett's "overall exposure" to Thind Properties. (Thind Affidavit)
Mar 5: KingSett Capital agrees to provide a first-ranking mortgage inventory financing loan of $176,500,000, registered against the unsold units of Highline Metrotown, with the interest rate set at the RBC Prime Rate + 3.50% and a floor rate of 10.70% per annum. (Petition)
April 2024
Apr 11: Thind Properties acquires 4330 Maywood Street (6677 Silver Avenue) in Burnaby for $22,000,000, where a 24-storey condo tower was being developed by Kirpal Group, and a second-ranking mortgage for the principal amount of $7,900,000 is registered against the property, with the interest rate set at the higher of 15.50% per annum or the Canadian Western Bank Prime Rate + 8.30% per annum until July 31, 2024, after which it escalates to the higher of 19.50% per annum or the CWB Prime Rate + 12.30% per annum.
May 2024
May 1: Thind Properties fails to make monthly interest payments to KingSett pertaining to the first-ranking mortgage registered against District Northwest. (Petition)
June 2024
Jun 12: Cabinetry subcontractor Inform Projects files a civil claim in Supreme Court for $677,731.14 Thind owed them for work pertaining to Highline Metrotown.
August 2024
Aug 8: Thind Properties submits a rezoning letter of intent to the City of Burnaby seeking to revise the existing rezoning application for 4330 Maywood Street (6677 Silver Avenue). (Letter)
Aug 12: A strata unit owner within Highline Metrotown provides STOREYS with a letter from the property management company, Tribe Management, stating that Thind Properties had a bit over $800,000 in unpaid fees and the building's concierge and building manager services were being suspended by the service providers as a result of non-payment.
Aug 30: After trying to work with Thind to resolve payment difficulties, KingSett Capital issues Thind a demand for payment in the amount of $84,633,896.19 pertaining to the first-ranking mortgage registered against District Northwest. (Petition)
September 2024
Sept 1: Thind Properties fails to make monthly interest payments to KingSett pertaining to both the first-ranking mortgage registered against Minoru Square and the first-ranking inventory financing mortgage registered against the unsold units of Highline Metrotown. (KingSett Affidavit)
October 2024
Oct 11: KingSett Capital files an application asking the Supreme Court of British Columbia to appoint a Receiver over District Northwest, where 873 of 1,023 units had been pre-sold and $78 million in deposits had been collected. Construction had not commenced, however. (Petition)
Oct 11: After trying to work with Thind to resolve payment difficulties, KingSett Capital issues Thind a demand for payment in the amount of $74,159,665.83 pertaining to the first-ranking mortgage registered against Minoru Squuare. (KingSett Affidavit)
Oct 18: STOREYS reports that the Minoru Square project in Richmond has been listed for sale by JLL. (Listing)
Oct 21: After trying to work with Thind to resolve payment difficulties, KingSett Capital issues Thind a demand for payment in the amount of $141,151,126.89 pertaining to the first-ranking inventory financing mortgage registered against the unsold units of Highline Metrotown. (KingSett Affidavit)
Nov 8: The Supreme Court of British Columbia grants KingSett's application and KSV Advisory is appointed as the Receiver over District Northwest, as first reported by STOREYS on November 18. (Court Order)
Nov 8: KingSett files an application asking the Supreme Court to appoint a Receiver over the Minoru Square project in Richmond and the unsold units of Highline Metrotown in Burnaby, as first reported by STOREYS on November 20. (Petition)
Nov 14: A realtor named Gurmail Singh files a civil claim against Thind Properties for $800,000 in commission in connection with the sale of the 10-level hotel space within Highline Metrotown.
Nov 28: The sale of the 10-level hotel space within Highline Metrotown to Mundi Hotel Enterprises Inc. for $47,200,000 closes, as first reported by STOREYS.
December 2024
Dec 4: Bancorp Balanced Mortgage Fund II Ltd., Bancorp Growth Mortgage Fund II Ltd., Bancorp Financial Services, and Strandlund Investments Ltd. initiate foreclosure proceedings against Thind Properties and its 4330 Maywood Street (6677 Silver Avenue) property, as first reported by STOREYS.
Dec 6: In response to KingSett's receivership application, the strata corporation of Highline Metrotown says that it is owed approximately $1.1 million in unpaid fees from Thind Properties. (Receiver's Report)
Dec 12: The strata corporation of Highline Metrotown files a civil claim over the unpaid $1.1 million. (Receiver's Report)
Dec 13: The Supreme Court grants KingSett's application and KSV Advisory is appointed as the Receiver over Minoru Square and the unsold units of Highline Metrotown. (Court Order)
Dec 16: KingSett Capital learns of the $11,996,763.09 judgment registered against Eclipse Brentwood that the CRA obtained on June 30, 2023, saying Thind had not previously made KingSett aware of it. (KingSett Affidavit)
Dec 23: The City of Burnaby files a civil suit against Thind Properties over failed payments that Thind was obligated to make after taking over the 4330 Maywood (6677 Silver Avenue) project, as first reported by STOREYS.
Dec 27: KingSett Capital issues Thind a demand for payment in the amount of $189,196,038.21 pertaining to both mortgages registered against Eclipse Brentwood. At this time, the 34-storey tower with 335 units is approximately 95% complete. (Petition)
January 2025
Jan 7: KingSett Capital files an application asking the Supreme Court to place the Eclipse Brentwood project under CCAA creditor protection and the application is granted the next day, as first reported by STOREYS. (Court Order)
Jan 8: The Canada Revenue Agency notifies KSV Advisory that Thind owes $8,152,926 in GST pertaining to Highline Metrotown. (Receiver's Report)
Jan 10: Liens filed against Thind Properties pertaining to Highline Metrotown surpass $2.2 million and include $1,905,810.39 owed to Jab Contracting Ltd., $35,411.25 owed to Lion’s Gate Building Maintenance Ltd., $255,079.85 owed to Hair Stones Limited, and $42,613.65 owed to 1364410 BC Ltd. (Receiver's Report)
Jan 30: KingSett Capital is granted a court judgment confirming Thind's outstanding debt on District Northwest at $88,681,620.18, with interest accruing at a rate of RBC Prime Rate + 7.04% and a floor rate of 9.49% per annum. (Court Order)
Jan 30: KingSett Capital is granted a court judgment confirming Thind's outstanding debt on Minoru Square, as of January 6, at $76,599,425.45, with interest accruing at a rate of RBC Prime Rate + 5.54% and a floor rate of 12.24% per annum. (Court Order)
March 2025
Mar 12: The Receiver of District Northwest enters into a stalking horse purchase and sale agreement with 1419195 BC Ltd. — an entity controlled by BM Group — with a price of $86,000,000, as first reported by STOREYS. (Application)
April 2025
Apr 2: The Supreme Court approves the sales process for District Northwest. (Court Order)
Apr 2: The Supreme Court approves the sales process for Minoru Square, with JLL remaining the listing team. (Court Order)
Apr 10: The 4330 Maywood (6677 Silver Avenue) property is listed for sale by Colliers with an asking price of $16 million. (Listing)
Apr 16: The Supreme Court approved the sales process for the unsold units of Eclipse Brentwood and also extended the creditor protection to July 18, 2025. (Court Order)
The disruptive nature of artificial intelligence makes predicting its impact on companies with precision almost impossible. It’s why Alphabet Inc. has been a highly contested stock among investors trying to grapple with how to value its business at a time when it could face disruption from artificial intelligence.
Search engines, on which Alphabet Inc.’score business relies, are no longer the only way to seek information from the World Wide Web. There are now a handful of different AI chatbots that can respond to queries, including OpenAI’s ChatGPT, Anthropic’s Claude and xAI’s Grok. These tools can change how people interact with the internet and potentially make search engines obsolete. That possibility is making investors nervous about Alphabet Inc.’s stock.
Meanwhile, on a relative basis, Alphabet’s stock looks the cheapest among its “Magnificent Seven” peers based on its recent forward price-to-earnings ratio of about 17.7, which is how much an investor pays for every dollar the company is expected to earn. The average among the seven names, including Apple Inc. Nvidia Corp.
is at about 44, according to data compiled from FactSet.
The reason Alphabet’s stock has a far lower valuation relative to its Big Tech peers is that investors expect Google search’s revenue growth to decelerate significantly in the near to medium term as it loses market share to AI chatbots, said Gil Luria, head of technology research at D.A. Davidson. Meanwhile, investors believe the other six companies are expected to be bigger beneficiaries of AI trends at varying degrees, he added.
And that outlook is a problem: Expectations or sentiment is of paramount importance for growth stocks because it’s how investors justify paying more for them in anticipation of big growth, said Mark Malek, chief investment officer at Siebert Financial. Judging by Alphabet’s lower forward P/E ratio, investors perceive it as more of a mature company rather than one with big growth prospects. And that outlook would make sense if the focus is on its search engine business, he added.
To determine what was plaguing investors, Bank of America decided last week to host a private debate to go over the pros and cons of Alphabet. During the event, institutional investors chimed in and shared their thoughts. It was attended by over 200 investors who demonstrated mixed feelings about the stock, though the investment bank noted there seemed to be a good amount of bulls who favored the company.
Still, some of the main concerns among investors confirmed that they were worried about Alphabet’s core search-engine business, including the rising competition from AI. Since AI chatbots can respond to queries, including in spoken language, users now have many options for how they want to interact with content, including directly through downloadable apps.
Another concern was whether the company would be able to generate revenue if its own search engine was also posting AI-generated answers at the top, which would limit a user’s need to scroll and click through links or see ads.
Finally, investors worried whether the Justice Department’s antitrust case against the company could result in barring it from paying traffic acquisition costs to get default search engine placements from companies like Apple, which would be another source of lost traffic.
The sentiment toward Alphabet wasn’t all negative. Investors recognized that the company had multiple products within its ecosystem that it could leverage to build AI tools. Platforms like YouTube and Google Maps give the company direct access to user data that can help build customized AI and ad targeting tools. Investors also liked that Google’s search engine remains a popular way to find products or services when they want to make a purchase.
But perhaps the biggest argument in favor of Alphabet’s stock is that it has many other business segments with big growth prospects. They include Cloud, YouTube, its AI model Gemini and Waymo, its self-driving-car project. All of these could become strong growth drivers.
However, each business is very different from the other, which makes it difficult to value them as a group, Luria noted. He said the best course of action the company could take is to spin off each segment into its own company. This would allow more transparency into the health of each business and enable investors to value them separately.
One solution investors felt would remedy the issues was that Alphabet needed to provide more visibility into the business and a multiyear plan of how the company would drive users to use Google to search. Another solution investors suggested was ramping up its AI offerings by promoting Gemini and offering competitive subscription pricing.
Malek said that, despite the soft outlook on Alphabet’s growth, the company is undervalued because its smaller segments are growth businesses that are just being overshadowed by the issues with its search engine.
