Peace of Mind: Embracing Serenity
Peace of Mind Guaranteed: Your Trusted Home Builder and Renovator
Choose us as your new home builder or renovator, and experience true peace of mind. We take pride in offering a comprehensive 5-year warranty for new homes and a 2-year warranty for renovated homes. Our commitment to your satisfaction extends even further, as all new homes are registered with Tarion, giving you an exceptional 7-year extended warranty.
Contact us now for more information on our warranties and let us help you create your dream home with absolute confidence."
WHAT’S COVERED?
Under the ONTARIO NEW HOME WARRANTIES PLAN ACT, builders in Ontario are obligated to provide statutory warranty coverage, encompassing various essential aspects:
01. Protection for Deposits:
Safeguarding your deposits for added financial security.
02. Financial Loss Protection for Contract Homes
Ensuring compensation for any potential financial losses related to contract homes.
03. Compensation for Delays
Providing compensation for delays in closing or occupancy, offering peace of mind during the construction process.
04. Protection against Unauthorized Substitutions
Guaranteeing that the agreed-upon materials and components are delivered as promised.
05. One and Two Year Warranties
Covering certain defects in workmanship and materials during the initial years after completion.
06. Seven Year Warranty
Offering comprehensive coverage for major structural defects over an extended period.
07. Condominium Common Elements Coverage
Extending warranty protection to the shared or common areas of condominium buildings.
For new homes and condominium units, the maximum statutory warranty coverage available is $300,000. Additionally, the maximum coverage for condominium common elements is calculated at $50,000 times the number of units, capped at a maximum of $2.5 million. Furthermore, the coverage includes up to $15,000 for warranted damage caused by environmentally harmful substances or hazards and up to $25,000 for septic systems.
With these statutory warranty provisions in place, homebuyers in Ontario can confidently invest in their properties, assured of comprehensive protection and peace of mind.
TARION’S ROLE
Tarion: Safeguarding Your Statutory Warranty Coverage for New Homes
At Tarion, we ensure that new home buyers receive the statutory warranty coverage they are entitled to under the Act. In most cases, builders address issues promptly without our intervention. However, if a builder fails to fulfill their warranty obligations, we step in to protect your rights.
It's important to note that the statutory warranty coverage we provide is distinct from the warranties offered by manufacturers, suppliers, or subcontractors for specific items like appliances or flooring. Claims related to these items should be directed to the respective product providers.
While our statutory warranty protection is comprehensive, it does have certain limitations and exclusions. To fully understand the scope of warranty coverage, we encourage home buyers to explore our website and refer to the HOMEOWNER INFORMATION PACKAGE, a crucial publication created by Tarion that offers a general overview of the warranty coverage.
Moreover, it's essential to recognize that the statutory warranties complement any additional warranties or rights the homebuyer may have under contract or other agreements.
Count on Tarion to be your partner in securing statutory warranty protection for your new home, ensuring your peace of mind throughout the process.