Latest news with #NewHomeConstructionLicensingAct
Global News
21-05-2025
- Business
- Global News
Toronto-area developer charged in connection with illegal sale of hundreds of homes
Three men are facing a number of charges in connection to a suspended Greater Toronto Area building company which had sold 453 illegal homes, according to the Home Construction Regulatory Authority (HCRA). The HCRA issued a release on Monday which said that seven companies operating under Stateview Homes are also facing charges in connection to the illegal sale of 453 homes. Dino Taurasi, Carlo Taurasi, and Daniel Ciccone, who were in charge of the companies, 'have also been charged for failing to take reasonable care to prevent these violations,' according to the construction watchdog. 'The charges follow an HCRA investigation that uncovered hundreds of violations of the New Home Construction Licensing Act, 2017 and the Ontario New Home Warranties Plan Act,' a release from the HCRA read. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The company allegedly sold dozens of homes while not being licensed or getting proper approvals or enrolments in Ontario's new home warranty program for hundreds of homes even after the builder obtained a licence. Story continues below advertisement 'Ontario homebuyers deserve confidence that their builder is acting in good faith and complying with the law,' says Moir. 'When builders fail to meet their legal obligations, the HCRA will take every necessary step to hold them accountable, protect consumers, and maintain confidence in the new home marketplace.' The HCRA said that it suspended licences of the Vaughan-based homebuilder back in 2023, in a move to protect consumers, before it began to investigate whether to pursue charges against the men and the businesses. The authority posted a document in connection with the 2023 suspension which said that 689 homes had been sold by the companies which had collected just under $70 million in deposits. The money was allegedly gone while none of the homes had been built. The group was alleged to have sold homes to people on land which it did not own, and to have taken out $300,000 from one of the companies despite the fact it was heading into receivership. A majority of the companies involved went into receivership in 2023.
Cision Canada
20-05-2025
- Business
- Cision Canada
HCRA LAYS CHARGES AGAINST STATEVIEW HOMES AND ITS EXECUTIVES
Charges build on earlier regulatory action, reinforcing accountability in Ontario's homebuilding sector TORONTO, May 20, 2025 /CNW/ - The Home Construction Regulatory Authority (HCRA) has laid charges against seven companies operating under Stateview Homes in connection with the illegal sale of 453 homes. Three senior leaders of the company – Dino Taurasi, Carlo Taurasi, and Daniel Ciccone – have also been charged for failing to take reasonable care to prevent these violations. The charges follow an HCRA investigation that uncovered hundreds of violations of the New Home Construction Licensing Act, 2017 and the Ontario New Home Warranties Plan Act. These include selling dozens of homes while unlicensed and failing to obtain the required Tarion approvals or enrolments in Ontario's new home warranty program for hundreds of homes, even after becoming licensed. "To legally sell new homes in Ontario, builders must be licensed by the HCRA, obtain Tarion authorization, and enrol each home in the warranty program," says Wendy Moir, the HCRA's Chief Executive Officer and Registrar. "Compliance with all regulatory requirements is not optional. Builders who do not meet these obligations are operating illegally, and the HCRA will take strong enforcement action." The HCRA suspended Stateview's licences in July 2023 to immediately protect consumers from further risk. Following a thorough investigation, the scale of violations and the financial harm involved prompted the HCRA to pursue charges against both the company and its leadership. "Ontario homebuyers deserve confidence that their builder is acting in good faith and complying with the law," says Moir. "When builders fail to meet their legal obligations, the HCRA will take every necessary step to hold them accountable, protect consumers, and maintain confidence in the new home marketplace." About the HCRA The Home Construction Regulatory Authority is responsible for regulating and licensing the people and companies who build and sell new homes in Ontario. The HCRA enforces high professional standards for competence and conduct in the homebuilding industry, giving new home buyers confidence in one of the biggest purchases of their lives. The HCRA also maintains consistency across the sector, curtailing unethical and illegal builders. – the authoritative source of background information about each of Ontario's 7,000 new home builders and sellers.
