New Homes in Ontario basically fall under two categories. Homes built for personal use and Homes built for sale to customers. Both must meet Ontario Building Code but only New Homes built for customers fall under the New Home Warranty Program. In 1976 a Private Corporation was established to protect the rights of new home builders and new home buyers. This Corporation is known today as Tarion.
Tarion is the regulator of Ontario’s New Home and Condo building industry. Some of what Tarion does is: registers new home builders, enrolls new homes for warranty coverage, investigates illegal building practices and provides warranty dispute resolution between builders and homeowners. Tarion helps to educate new home buyers about their warranty rights, and about how to protect and maintain their warranty. Tarion also protects builders by setting realistic standards known as the Tarion Construction Performance Guidelines. Many Current Tarion Board of Directors are Presidents of Home Building Companies.
Ontario New Homes built for sale are covered under the Ontario New Home Warranties Plan Act. The Act sets out warranty protection that Builders of New Homes and Condo’s MUST provide to their customers. Tarion acts as the Regulator of Ontario’s New Home Industry. People that build a home for themselves and later sell it are not required to register and those homes are not covered by the New Home Warranty.
This post is Part 1 in a series of Posts dedicated to Tarion. The next Part will address what I think is the best protection that a purchaser of a new home has “The PDI” (Pre-Delivery Inspections).
Click here to see the Tarion Construction Performance Guidelines.
The Steven Silva Team works from Down Town Toronto up to Barrie. If you are looking for professional help contact us.
Ontario Residential will start offering New Home Consultations for Newly Built homes. Ontario Residential will service the areas near Toronto (GTA) and north up along the 400 highway.
I find that most home inspectors provide a product not geared to new homes. I am no longer performing home inspections but will provide a home consultation and assist you in filling out your Tarion Deficiency List.
If you would like some more information, send me an email to stevensilva@ontarioresidential.ca
Pingback: What is Tarion? As seen in the December Snap South Simcoe Paper « Ask Realtor Steve
Pingback: Tarion Construction Performance Guidelines « 416er.com
Pingback: What is Tarion? As seen in the December Snap South Simcoe Paper — Steven Silva Sales Representative Keller Williams Realty Centres