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All builders and vendors of new homes must hold a valid licence with the HCRA. A person planning to build their own home may be an owner-builder and may not need to be licensed as a builder provided that they do not sell the home once they have completed construction. When in doubt, please contact the HCRA.
Is registration required under the Ontario New Home Warranties Plan Act?
No person shall act as a vendor or a builder unless the person is registered by the Registrar under this Act. R.S.O.
Is a tarion warranty mandatory in Ontario?
In addition to providing a warranty, anyone in the province of Ontario who plans to build a home for the purpose of sale or sells a new home must be registered with Tarion.
What is the firm occupancy date for tarion?
The Firm Occupancy Date The date that you and your builder agreed your inium unit will be ready for you to move in. If this date is not met, your builder must set a Delayed Occupancy Date and you are entitled to delayed occupancy compensation.
Is a new home warranty mandatory in Ontario?
Mandatory warranty coverage is provided for new homes and iniums in Ontario. It starts with deposit protection and delayed closing compensation, and includes three separate warranties that last up to seven years after you take possession of your new home.
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What is covered under the 7 year Ontario New Home Warranties Plan?
The seven year MSD warranty includes significant damage due to: Soil movement* major s in basement walls. Chemical failure of materials environmentally harmful substances or hazards. (i.e., Excessive radon levels)
Is property home warranty required?
Is A Home Warranty Required? Youre never required to get a home warranty. Part of the confusion around this might be that a lot of this sounds similar to homeowners insurance policies. Although they cover similar things in certain circumstances, theyre not the same.
What does tarion mean?
Tarion, formerly known as the Ontario New Home Warranty Program, is a not-for-profit consumer protection organization established by the Government of Ontario in 1976 to administer the provinces new home warranty program as outlined in the Ontario New Home Warranties Plan Act.
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