It was announced that the government is doing more to protect new home buyers by doubling the maximum fines for unethical builders and vendors of new homes who unfairly cancel a new home project.
Under these new changes, greedy and unethical builders could now be on the hook for hundreds of thousands of dollars in penalties for each infraction. For the first time ever, money from these penalties will now go back to victims affected by builders who break the law. The government is punishing bad actors, putting money back in the pockets of hard-working Ontarians, and deterring those who try to make extra money off the backs of new home buyers.
News Release: (to follow)
EN: Ontario Doubling Fines for Unethical and Illegal New Home Cancellations | Ontario Newsroom
FR: L’Ontario double les amendes pour des annulations malhonnêtes et illégales de projets de logements neufs | Salle de presse de l’Ontario