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from the moment you sign an agreement to buy a new home and put down a deposit youre covered thats because Ontarios new home warranty comes with deposit protection deposit protection covers you in case your builder goes bankrupt your Builder fundamentally bdocHubes your agreement or you exercise your right to terminate the agreement tarry on increased deposit coverage for freehold homebuyers on January 1st 2018 heres how it works if the price of your new freehold home is $600,000 or less your deposit is covered by Tyrion for up to $60,000 if the price is more than $600,000 youre protected for 10% of the purchase price up to a maximum of $100,000 if youre buying a condominium unit your deposit is protected by the trust provisions of the condominium act and if for some reason your deposit was not placed in trust terian offers protection for up to $20,000 whats more your deposit protection extends to other payments you make for upgrades and extras all of this means you can buy new
