Commissioned at Port Arthur on November 18, 1943, she arrived at Halifax on December 13, and after working up was assigned to EG W-8, Western Escort Force in February, 1944. In April, Wallaceburg was transferred to EG W-6 as Senior Officer's ship, but returned in December to W-8. During July and August. 1945, she was attached to HMCS Cornwallis for training, then placed in reserve, first at Sydney and then at Halifax. She was paid off on October 7, 1946, but recommissioned on November 1, 1950 for cadet training. Wallaceburg spent the summers of 1956 and 1957 on the Great Lakes and was paid off on September 24, 1957. On July 31, 1959, she was transferred to the Belgian Navy, to serve as Georges Lecointe until she was discarded in 1969.
After 1949 Recommissioned as Pendant 172.