In April 1995, owner Bramalea Limited, which had 67% stake in the mall, became bankrupt after all its board of directors resigned.

[5] Markborough Properties of Toronto, which had owned a smaller portion of the mall, immediately took over management and leasing.

[6] Despite various legal battles between store owners, local residents, and the new ownership, the mall was demolished to make way for a larger Walmart.

[7] Ownership was transferred to First Pro and the mall was subsequently demolished in 2000[8] and replaced with a SmartCentres big-box complex.

[9] The Unicity Shopping Centre is now home to Walmart, Canadian Tire, Sobeys, Staples Canada, Winners, Sport Chek, Tim Hortons, KFC, Burger King, Shoppers Drug Mart, Value Village, Mark's, Quiznos, Bulk Barn and Dollar Tree among others.