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The CEO of Ontario’s home warranty program says the recent cancellation of two condo developments in Vaughan suggests it is time the province looks at upgrading protections and transparency for pre-construction homebuyers, including flags on Tarion’s own website that would alert consumers to builders who have cancelled projects.
Howard Bogach said the building industry’s reputation has taken a hit in light of two cancellations involving more than 2,600 condos at the Vaughan Metropolitan Centre, and he warned more condo cancellations could be coming.
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