Spa company’s deal in Toronto emerged from misleading claims

Therme has drawn public outrage in Toronto.

View in browser|nytimes.com April 17, 2025 Therme, a European wellness company, won a 95-year lease to develop a coveted Toronto waterfront site. But a New York Times investigation found that Therme's pitch to the Ontario government was built on misleading claims. Ian Willms for The New York Times Read the investigation. → Sign up for the Canada Letter Newsletter Backstories and analysis from our Canadian correspondents, plus a handpicked selection of our recent Canada-related coverage. Get it in your inbox Need help? Review our newsletter help page or contact us for assistance. You received this message because you signed up for updates from The New York Times. To stop receiving From The Times, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018