Red Deer Sunterra Market closes
Published 10:36 am Saturday, September 26, 2026
The Red Deer Sunterra Market has announced its closure.
The Bower Place location officially closed its doors on Saturday, Sept. 26, the store announced on social media the day prior.
“We were first welcomed into the Red Deer community in 2021 and we’re so grateful for the support we’ve received ever since,” states a post on the store’s Facebook page.
“A huge thank you to our customers for being part of our journey, and to our amazing team members for everything you’ve put into making our market what it was. We truly couldn’t have done it without you.”
Sunterra Market continues to operate locations in Calgary and one in Edmonton.
“These markets remain an active and important part of Sunterra’s business, with teams continuing to serve their communities every day. We hope to welcome you at another location soon,” the Facebook post stated.
“We thank the Red Deer community for its support and wish to recognize everyone who contributed to the Bower market during its time in operation. We’ll miss you.”
Alberta-based Sunterra has been operating under the Companies’ Creditors Arrangement Act (CCAA) since last year.
In January, an Alberta judge ruled that Sunterra had engaged in a cheque fraud scheme and was ordered to repay a U.S.-based lender more than $35 million.
In a Jan. 27 decision, Calgary Court of King’s Bench Justice Michael Lema found that Sunterra had committed “cheque kiting” on an “astonishing scale.” The scheme saw hundreds of cheques transferred between Sunterra’s Canadian and U.S. entities without the funds necessary to back all of the cheques.
Sunterra tried to appeal the decision, but the request to appeal was denied by an Alberta Court of Appeal judge in April.
The same month, a different judge approved a sale and investment solicitation process under the supervision of FTI Consulting Canada Inc., which was appointed to monitor Sunterra as it moved through the CCAA process, which gives companies time to restructure while temporarily holding creditors at bay. The court also approved sales and chief restructuring advisors.
