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The developer never had a licence to build or sell new homes in Ontario and still took in hundreds of thousands of dollars in deposits on the sale of new homes, regulatory authority says
The decision came two years after the Star first reported on the developer’s financial woes and hundreds of cancellations in pre-builds.
An Ontario court has ordered a GTA-based developer to pay $180,000 in fines and restitution for illegally selling pre-construction homes.
A Toronto-area developer has been ordered to pay more than $180,000 after pleading guilty to selling a new home without a license, according to Ontario's home construction regulator.
Nearly 30 townhouse buyers in two Ideal Developments projects in Richmond Hill, Ont., are likely to lose a total of $2.8 million in unprotected deposit funds after the builder was refused licences by an Ontario oversight body and the projects were cancelled.