Ontario’s Home Construction Regulatory Authority (HCRA) has revoked a Mississauga-based developer’s licence to build or sell homes in the province after it says the company tried to charge a buyer significantly more for a home than was contractually agreed upon.
It’s the first time a home builder has received the regulator’s most serious punishment for increasing a price since CBC Toronto reported last March that the Doug Ford government planned to crack down on the practice.
The move comes after Pinetree Developments Inc. demanded a buyer pay more than half a million dollars extra for a home in Mississauga than was contractually agreed to, according to HCRA
