IMPORTANT BUSINESS NEWS: hcraontario has announced Albion Building Consultant Inc. has had its licence to build and sell homes in Ontario revoked, the most severe action the HCRA can take against a licensed builder. Read more here.
TORONTO — Ontario’s Home Construction Regulatory Authority has announced Albion Building Consultant Inc. has had its licence to build and sell homes in Ontario revoked, the most severe action the HCRA can take against a licensed builder.
Last year, Albion was convicted of failing to enrol new homes in the warranty program with Tarion. The convictions stemmed from an investigation concluding Albion had built 11 new homes without first enrolling them with Tarion. Albion was sentenced to a fine of $15,000 plus a $3,750 victim fine surcharge for each of the 11 counts, bringing the total fine amount to $206,250.In addition, Zamal Hossain of Albion was convicted of acting as an officer of a company that failed to enrol new homes.
To protect the interests of existing homebuyers, the HCRA stated, Albion may continue to complete homes that were already under construction. Upon completion of these homes Albion’s licence will be immediately revoked. The Ontario Builder Directory will subsequently be updated to officially recognize Albion’s licence status as revoked.
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