Crown Trust Company
The Crown Trust Company was an Ontario-based firm that operated in most of Canada prior to its bankruptcy, along with several other trusts, in 1983. The bankruptcies occurred when a major Canadian recession drove down speculative real estate values into which the trusts had made increasingly bad loans during a period of rising inflation and interest rates. Crown Trust, and many other Canadian financial institutions, were left with an overwhelming volume of defaulted mortgages.
| Company type | Trust company |
|---|---|
| Industry | financial service activities, except insurance and pension funding |
| Founded | 1909 |
| Defunct | 1983 |
| Headquarters | |
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