Recently, Tarion opted for demolition as a more viable solution for three of the houses, with two already having been demolished.
According to Tarion’s lawsuit, the Holmes Group purportedly neglected to conduct additional house inspections for homeowners who had contracted their services, and falsely portrayed the builder, Third Line Homes, as competent.
In response, Holmes acknowledged in his statement that the Holmes Group did indeed offer inspection services to homebuyers. However, he clarified that no TerraceWood houses were inspected because there were no purchases of the “Holmes Approved Homes” inspection package.
While Holmes did not directly address specific details from the CBC News report regarding his endorsement of the “Holmes Approved Homes” project in advertisements and the involvement of two of his other companies, one of which purchased and subsequently sold a TerraceWood house allegedly plagued with defects, and the other company providing financial support to Third Line Homes through private mortgages.
