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What is tarion MSD?

A major structural defect is defined in the Act as any defect in work or materials that results in the failure of a load-bearing part of the homes structure or materially and adversely affects its load-bearing function; or any defect in work or materials that materially and adversely affects the use of the building as

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.

What does a new home warranty cover?

A home warranty plan protects the appliances and systems in your home: major home appliances, electrical, plumbing, and HVAC systems. Unlike your homeowners insurance policy, which protects your home from covered perils, a home warranty is a service contract that covers general wear and tear.

Is tarion a regulator?

In 2021, Tarion transferred its licensing function to the Home Construction Regulatory Authority (the HCRA). The HCRA is now responsible for regulating and licensing new home builders and vendors, while Tarion administers warranty plans and related obligations.

What is covered under the 7 year Ontario New Home Warranties Plan?

The seven year warranty covers major structural defects (MSD) and begins on the date that the purchaser takes possession of the home and ends on the seventh anniversary of that date.

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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.

Tarion year end form 2025