Tarion Guarantee Fund — 2024 payouts >$100M (largest single year in program history); 900+ deposit claims drove the $250 capital-replenishment surcharge

Claim: The Guarantee Fund is Tarion's reserve that pays warranty obligations when a builder is bankrupt, insolvent, has had its licence revoked, or refuses to perform. Tarion can pay the homeowner directly, arrange repairs by a Tarion-retained contractor, or pay deposit-protection claims.

2024: the Fund paid out more than $100 million — Tarion describes it as one of the largest single-year consumer-support payouts in the program's history, driven by builder bankruptcies (Stateview, GC King Bond, others) and over 900 verified deposit claims.

Source: Tarion 2024 Annual Report.

Confidence: Verified.

Fund balance: the 2024 Annual Report did not fully expose the year-end Fund balance in the section reviewed. For historical context, the Fund stood at $592.3 million in 2018 (per the 2019 Auditor General audit).

Why the 2025 enrolment-fee surcharge exists: The $250 temporary capital-replenishment surcharge on each home enrolment (Tarion enrolment fees Sept 1, 2025 (Registrar Bulletin 15) — "$1,790 average payable by the vendor"; 3.1% increase on $800K homes; $250 capital-replenishment surcharge) is designed to recapitalize the Fund after the 2024 payout. Tarion projected raising close to $30M over three years.

Related enforcement context: The 2024 deposit-payout crisis is the same period that drove HCRA enforcement against Stateview (Stateview Homes (Vaughan) — licences suspended July 2023; charges for 453 illegal home sales across 7 entities; $349.9M in registered mortgages), GC King Bond (GC King Bond GP Inc. — $16M in AMPs for 76 Code of Ethics breaches (July 2024); $1.1M reimbursed; receivership June 2025), and Albion (Albion Building Consultant Inc. — $1,018,750 fine December 15, 2025; 124 charges, 39 homes; largest HCRA enforcement case to date). Tarion paid deposits; HCRA pursued discipline.