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Ontario Regulator Lays 124 Charges, Seeks Restraining Order Against Builder Albion
Sep 13, 2024, 06:00 AM
An Ontario home construction regulator has laid 124 charges against the Toronto-based builder Albion and is seeking a restraining order. The charges stem from allegations that Albion was constructing and selling homes without the necessary licenses. This action is part of the regulator’s largest investigation to date.
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Markets
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Yes • 50%
Court rulings or official statements from the Ontario home construction regulator
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Public announcements from the Ontario home construction regulator or Albion
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Court rulings or official statements from the Ontario home construction regulator
No leadership change • 25%
Company dissolved • 25%
CEO replaced • 25%
Board of Directors reshuffled • 25%
Public announcements from Albion
Ceased operations • 25%
Operating with new licenses • 25%
Under new ownership • 25%
Operating without licenses • 25%
Public records or announcements from Albion or the Ontario home construction regulator
Case still ongoing • 25%
All charges dropped • 25%
Albion found guilty on some charges • 25%
Albion found guilty on all charges • 25%
Court rulings or official statements from the Ontario home construction regulator