In February 2019, the Ontario government announced plans to strengthen consumer protection by:
- Establishing a separate regulator from Tarion for new home builders and vendors to address conflicts of interest.
- Planning to introduce legislative amendments to make executive and Board compensation publicly available and move to a more balanced, skills-based Board composition.
- Exploring the feasibility of a multi-provider insurance model for new home warranties and protections in Ontario.
- Introducing new initiatives to better inform and protect purchasers of cancelled condominium projects.
We look forward to supporting the government to achieve these goals, while continuing to deliver our core services to new home owners, builders and vendors while the transformation is underway.
Additional updates with respect to our progress will be made throughout the year.