Homebuyers set to lose unprotected deposits of up to $150K after Toronto-area developer refused licences
Nearly 30 townhouse buyers in two Ideal Developments projects in Richmond Hill, Ont., are likely to lose a total of $2.8 million in unprotected deposit funds after the builder was refused licences by an Ontario oversight body and the projects were cancelled.Hasmukh Patel borrowed $250,000 through a line of credit to pay his deposit for…