Mississauga homebuilder tried to charge buyer $518K more for property without any supporting documentation: regulatory body

📆 6/7/2023 7:55 PM
📰 CTVToronto

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A regulatory body has revoked the licence of a Mississauga homebuilder after it says that the company demanded that a buyer pay an additional $518,000 for a property that they already had a contract to purchase.

following an inspection of Pinetree Developments Inc. business operations that first began in December.its investigators found that Pinetree raised the price of an under construction home “despite a signed contract”

HCRA also said that Pinetree refused “to provide any documentation to support the increase despite repeated requests,” as required by law. The HCRA said in its press release that Pinetree had an opportunity to appeal its formal notice that its licence, first issued on May 9, would be revoked, but did not do so.

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Mississauga homebuilder tried to charge buyer $518,000 more for property without any supporting documentation: regulatory bodyA regulatory body has revoked the licence of a Mississauga homebuilder after it says that the company demanded that a buyer pay an additional $518,000 for a property that they already had a contract to purchase.
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