Be warned: Ontario homebuilders will now face steep fees for unethical or illegal behaviour. hcraontario | Ontario realestate realestatenews homebuilders
Be warned: Ontario homebuilders will now face steep fees for unethical or illegal behaviour. — a homebuilding watchdog formed February 2021 — may now impose administrative penalties on the province’s homebuilders or vendors who breach their legal and ethical obligations.
“The HCRA is serious about holding new home builders and vendors accountable for their behaviour,” says Wendy Moir, the HCRA’s Chief Executive Officer and Registrar in a press release. “These penalties are not just a cost of doing business. This is a clear message and reminder to the industry that unethical conduct and violations of the rules will not be tolerated.”.
“These penalties — up to $50,000 per occurrence, depending on the contravention — are a first for the industry and will support an enhanced, fair and safe marketplace,” Moir says. “They will support the HCRA in quickly taking action against illegal and unethical behaviour, both protecting consumers and ensuring a level playing field in the industry.”
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