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Understanding the Tarion Warranty Plan: Protection for New Home Buyers

Are you considering purchasing a new home in Ontario? It’s crucial to understand the Tarion Warranty Plan, which offers essential protection for new homebuyers. This government-backed warranty ensures that your newly constructed home is covered for defects in workmanship, materials, and structural integrity.

What is the Tarion Warranty Plan?

The Tarion Warranty is mandatory for all new homes built in Ontario. It provides protection against defects for up to seven years. By law, all new homes are required to come with this warranty, ensuring builders are held accountable for quality workmanship.

Key Features of the Tarion Warranty Plan

1. One-Year Warranty
   The first year of the warranty covers defects in workmanship and materials such as windows, insulation, and doors.
2. Two-Year Warranty
   The second level of coverage protects against defects in plumbing, heating, electrical systems, and violations of the Ontario Building Code.
3. Seven-Year Warranty
   This long-term coverage protects against major structural defects, like foundation problems or issues with load-bearing walls.

Why is the Tarion Warranty Important?

The Tarion Warranty is vital for homebuyers, ensuring that they are protected from costly repairs related to structural and other serious defects. Without this warranty, the financial burden of fixing major defects could fall on the homeowner. Since all new homes in Ontario must be covered by Tarion, you can rest assured your home is protected.

How to Make a Tarion Warranty Claim

If you notice an issue with your new home, start by contacting the builder. If the issue is not resolved, you can file a claim with Tarion for further assistance. This process ensures that any major issues are addressed and fixed without you incurring unnecessary costs.

Conclusion

The Tarion Warranty Plan offers important protection for new homebuyers in Ontario. Whether you’re buying a home for the first time or investing in real estate, understanding the warranty coverage will help you make an informed decision.

Cathy Tse, Realtor

Direct: 647-463-8810 – Email: cathy.tse@century21.ca

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