🚨 Scam Alert: Protect Your Commercial Building from Renovation Fraud
- Ron Tavakoli
- Aug 25
- 2 min read
Date: August 25, 2025
References / Sources:
Toronto City News: 3 Charged in Home Renovation Scam — Nearly $300K Lost
Kitchener CTV News: Police Believe There Could Be More Victims
Why Commercial Property Managers Should Care
Busy property managers and building owners are prime targets for fake contractors and renovation scams. In Ontario alone, scammers have taken hundreds of thousands of dollars, promising renovations that never happen.
These schemes often look legitimate—professional websites, convincing proposals, and urgent deadlines—making it easy to fall victim if you’re not careful.
How to Spot a Scam
Upfront full payments without a detailed contract.
Unverifiable business details (no license, fake address).
Pressure tactics to pay immediately.
Vague or missing scope of work in proposals.
Unrealistically low bids compared to market rates.
Smart Solutions to Protect Your Property
Here’s how you can protect your building and your budget:
Verify Contractors: Check licenses, certifications, and reviews.
Ask for References: Talk to past clients about reliability and quality.
Use Written Contracts: Clear scope, timelines, materials, and payment schedules.
Pay in Milestones: Tie payments to completed work.
Consult the Pros: Work with trusted renovation experts like Renovate Right Now to review proposals and vet contractors before signing anything.
💡 Pro Tip: A short consultation can save thousands and prevent costly mistakes.
Take Action Today
Fraud can happen to anyone. Stay alert, follow best practices, and consult professionals to protect your property and investments.
Need help finding trusted contractors or reviewing renovation proposals?👉 Talk to us at Renovate Right Now
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