Buyers in limbo as homebuilder goes into receivership
The builder has a track record of "financial mismanagement," according to the HCRA, which cites an "unexplained shortfall" of $14 million in deposit funds
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The builder has a track record of "financial mismanagement," according to the HCRA, which cites an "unexplained shortfall" of $14 million in deposit funds
The builder has a track record of "financial mismanagement," according to the HCRA, which cites an "unexplained shortfall" of $14 million in deposit funds
Tarion anticipates a payout of $90 million to cover lost deposits due to builder failures.
The decision came two years after the Star first reported on the developer’s financial woes and hundreds of cancellations in pre-builds.
Halton police say Ontario builder charged with nine counts of fraud, more than $800,000 in deposit money unaccounted