Steve Rastin Discusses the Need for Protections for Ontario Homebuyers in the Toronto Star

Senior Counsel Steve Rastin was recently featured in the Toronto Star, highlighting the urgent need for systemic reform to better protect homebuyers in Ontario. He stressed that the current framework leaves too many purchasers at risk, especially in cases of illegal home sales. Rastin advocates for tighter regulations and greater accountability for builders to help prevent future losses and rebuild trust in the housing market. This call for reform comes as Tarion, Ontario’s new home warranty provider, is set to pay out a record $80 million in deposit claims for 2024, the largest payout in its history. Alarmingly, approximately 80% of these claims arise from illegal home sales, where developers failed to register with Tarion before building or selling properties. Click here to read the full article.