Ontario builders are concerned about Tarion’s future, says lawyer

It has been reported that Tarion – the independent and not-for-profit organization that administers Ontario’s new home warranty program – is facing the “largest claim event” in its history, with the organization expecting to owe more than $90 million to home buyers.

“The claims are expected for deposits from homebuyers who purchased homes or condos from builders that either cancelled projects or were operating illegally, and didn’t comply with warranty legislation,” a Toronto Star story states. To read more, click here.