Upon its completion in 1881, these difficulties were still present, and discussions arose on the possibility of a lease to the Great Western Railway, while other discussions occurred at the same time concerning the GWR being leased to the CPR. The GWR was eventually leased to the Grand Trunk Railway, and the CPR (through the Ontario and Quebec Railway) acquired the CVR following its acquisition of a 999-year lease to a railway line between Woodstock and London from the London Junction Railway. The CVR was amalgamated with the O&Q in 1883., and An Act to amend an Act to incorporate the Ontario and Quebec Railway Company, S.C. 1883, c. 58 In the following year, The O&Q was taken over by the CPR on January 4.
