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NEWS RELEASE
Ontario Doubling Fines for Unethical and Illegal New Home Cancellations
Money from penalties will now go directly to victims
October 20, 2022
WINDSOR – The Ontario government is doing more to protect new home buyers by doubling the maximum fines for unethical builders and vendors of new homes who unfairly cancel a new home project or terminate a purchase agreement.
“Hard-working Ontarians deserve to be treated fairly when making one of the biggest purchases of their lives, a new home,” said Kaleed Rasheed, Minister of Public and Business Service Delivery. “With these stiffer penalties, we are cracking down on bad actors and taking a zero-tolerance approach to unethical and illegal behaviour by builders and vendors of pre-construction projects. Instead of profiting on bad behaviour, they will face hundreds of thousands of dollars in fines that will go back into the pockets of their victims.”
“Ontarians who have saved and sacrificed to purchase a new home deserve to be treated fairly,” said Steve Clark, Minister of Municipal Affairs and Housing. “With today’s announcement, our government is making clear that illegal and predatory behaviour on the part of developers will not be tolerated, full stop.”
The government is also doubling maximum financial penalties for repeat offenders of the NHCLA, with individuals now facing charges of $100,000 and corporations of $500,000, up from $50,000 and $250,000 respectively. Individuals found guilty may also face a sentence of up to two years in prison.
Quick Facts
Additional Resources
Media Contacts
Colin Blachar
Minister’s Office
Jeffrey Stinson
Communications Branch