"Builders that attempt to bypass the regulator and the requirements for building and selling new homes in Ontario will never be acceptable," said HCRA spokesperson Tess Lin.
Faran Haq, who invested $100,000 in a Sunrise pre-construction home, hopes to recover some of his funds through Tarion, expressing relief at the HCRA's action.
Last month, CBC Toronto reported on issues with Sunrise Homes, including projects going into receivership and allegations of misappropriation of funds.
The HCRA is pursuing the revocation of licenses for Sunrise-associated corporations due to serious violations, impacting over 100 homebuyers and millions in down payments.
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