<html><head><title>HCRA Revokes Mariman Homes’ Licence - Hamilton builder</title>
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<span style=" font-family:'arial'; font-size: 10pt;">Hi ,<br>
<br>
Hamilton builder failed to enrol homes in warranty program<br>
</span><a style=" font-family:'arial'; font-size: 10pt;" href="https://hcraontario.ca/news-and-events/news-releases/hcra-revokes-mariman-homes%E2%80%99-licence/">https://hcraontario.ca/news-and-events/news-releases/hcra-revokes-mariman-homes%E2%80%99-licence/</a><br>
<br>
<span style=" font-family:'arial'; font-size: 10pt;">> TORONTO, August 29, 2024 – Mariman Homes (“Mariman”) has had its licence to build<br>
> and sell homes in Ontario revoked, the most severe action the Home Construction<br>
> Regulatory Authority (HCRA) can take against a licensed builder.<br>
><br>
> Acting on complaints from purchasers, the HCRA suspended Mariman’s licence in<br>
> December 2023 after an inspection revealed the company had entered into agreements<br>
> of purchase and sale for 108 homes without proper authorization and enrolment in Tarion’s<br>
> warranty program. Further, the HCRA discovered that Mariman had allowed its creditors to<br>
> seek improper price increases from purchasers and failed to hold the deposits it received in<br>
> trust, as was required under Mariman’s purchase agreements.<br>
><br>
> To minimize harm to purchasers, the HCRA gave Mariman the opportunity to enrol the homes<br>
> and prove it could complete construction within the timeframe and price it promised to<br>
> purchasers. The HCRA’s goal was to find a solution that would have resulted in purchasers<br>
> obtaining their homes, rather than revoking Mariman’s licence which would have shut down<br>
> the builder’s operations immediately.<br>
><br>
> Unfortunately, Mariman was unable to satisfy its commitments. As a result, the HCRA revoked<br>
> its licence to build or sell homes and ordered it to pay<br>
> administrative penalties totaling $400,000.<br>
><br>
> “Given these infractions, including a history of financial mismanagement, the HCRA has<br>
> revoked Mariman's licence to build and sell new homes,” says Wendy Moir, Chief Executive<br>
> Officer and Registrar of the HCRA. “Protecting consumers is our top priority. This builder’s<br>
> past and present conduct raises serious doubts about its ability to operate their business lawfully,<br>
> and with honesty and integrity.”<br>
><br>
> Anyone building or selling a new home in Ontario is required to have a valid licence from the<br>
> HCRA. They also must apply to Tarion for approval and to enrol the home in the province’s<br>
> warranty plan. It is illegal to build and sell new homes without meeting these requirements.<br>
><br>
> “This former licensee sold more than 100 homes it was not authorized to sell. The HCRA<br>
> attempted to work with Mariman to avoid additional harm to consumers, but Mariman was<br>
> unable to meet these commitments,” Moir says. “This is a textbook example of why builders and<br>
> sellers must go through the licensing and enrolment process. These standards are designed to ensure<br>
> builders have the competency and financial capability to operate a<br>
> business before they collect money<br>
> from purchasers.”<br>
><br>
> Mariman is currently undergoing receivership proceedings in the Ontario Superior Court of Justice.<br>
> Tarion continues to monitor the situation for any impact on deposit protection coverage for purchasers.<br>
<br>
<br>
<br>
<br>
<br>
Michael Roman<br>
<span style=" color: #c0c0c0;"><i>--<br>
<span style=" color: #0000ff;">Michael A. Roman, CRA,P.App,FRI,PLE,CRF, Senior Appraiser<br>
<b>INHOUSE APPRAISAL CORPORATION<br>
</b>Real Estate Appraisal & Consultants<br>
33 Ivan Road, Toronto, Ontario, Canada M1C 1V1<br>
Phone: 416-282-4111<br>
E-mail: </span></i></span></span><a style=" font-family:'arial'; font-size: 10pt;" href="mailto:maroman@ihac.com">maroman@ihac.com</a><br>
<span style=" font-family:'arial'; font-size: 10pt; color: #0000ff;"><i>Web Site: </i></span><a style=" font-family:'arial'; font-size: 10pt; font-style: Italic;" href="http://ihac.com">IHAC.com</a><span style=" font-family:'arial'; font-size: 10pt; color: #0000ff;"><i> or </i></span><a style=" font-family:'arial'; font-size: 10pt; font-style: Italic;" href="http://INHOUSEappraisal.com">INHOUSEappraisal.com</a> <br>
<span style=" font-family:'arial'; font-size: 10pt; color: #0000ff;"><i>Copyright (c) 2024 Michael A. Roman - ALL RIGHTS RESERVED<br>
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