August 11, 2026
The Home Construction Regulatory Authority (HCRA) has secured a court order requiring an unlicensed seller to repay $500,000 to two Ontario homebuyers following the illegal sale of a pre-construction home in Hamilton.
The enforcement action highlights the importance of verifying that new home builders and sellers are properly licensed and that homes meet Ontario’s warranty enrolment requirements before purchasers sign an agreement or provide a deposit.
The HCRA launched an investigation after receiving a complaint from a couple who had entered into an agreement to purchase a pre-construction home from Olga Timykoglou.
The purchasers paid a $500,000 deposit before discovering that Timykoglou was not licensed by the HCRA. They also learned that the property had not been qualified for enrolment with Tarion, Ontario’s new home warranty administrator.
Licensing and applicable warranty enrolment requirements are key components of Ontario’s consumer protection framework for new home purchases.
After learning of the issues, the purchasers cancelled the agreement, but their deposit was not returned.
HCRA investigators reviewed documents, land registry records, witness statements and other evidence before laying two Provincial Offences Act charges related to illegal selling.
Timykoglou pleaded guilty to both charges on June 18, 2026. The court ordered her to pay $12,500 in fines and victim surcharges and repay the purchasers’ full $500,000 deposit.
HCRA CEO and Registrar Wendy Moir said Ontario’s licensing and warranty requirements are intended to protect consumers from the financial risks associated with dealing with individuals operating outside the law.
The case provides an important reminder for anyone considering a new or pre-construction home in Ontario. Before signing a purchase agreement or paying a deposit, buyers should confirm that the builder or seller is properly licensed through the Ontario Builder Directory and review the home’s applicable warranty status.
The HCRA said it will continue investigating illegal activity and using available enforcement measures to protect Ontario homebuyers.
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