Whether you are a builder vendor or owner of a new property in ontario you should know that most new homes in ontario are covered by a new home warranty.
Ontario new home roof warranty.
The act and regulations are amended periodically and describe the new home warranty plan including the coverage and the requirements for builder and vendor registration and enrolment of homes.
This warranty protection is provided by ontario s builders and enforced by tarion a private not for profit organization funded entirely by registration renewal and enrollment fees paid by builders.
The ontario government through the ministry of consumer services has empowered tarion to administer and enforce the ontario new home warranties plan act and regulations.
This type of warranty protects against defects in the installation process and offers coverage anywhere from 2 to 5 to 10 years but the average differs among contractors with 10 years being the more current average.
The maximum coverage for condominium common elements is 50 000 times the number of units up to a maximum of 2 5 million.
Posted on may 30 2018may 30 2018by judit murphy.
The workmanship warranty protects a home owner against any defect of workmanship on the roof installation.
Tarion new home warranty.
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The maximum combined coverage for a condominium project units and common elements is 50 million.
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