Your new home must meet or surpass the structural requirements and health and safety standards of the Ontario Building Code, as per the Ontario New Home Warranties Plan Act (the “Act”). Tarion Warranty Corporation (“Tarion”) is a non-profit, private corporation established in 1976 to protect the rights of new home buyers and regulate new home vendors and builders according to the terms of the Act. Not only does the Act require builders in Ontario to provide new home warranty coverage, but they must also be registered with Tarion and enroll every new home prior to the start of construction. Tarion is also responsible for managing a guarantee fund to ensure that builders honour the statutory warranties, and for enforcing the overall terms of the Act.
Click below for Tarion’s Homeowner Information package which details your Tarion new home warranty.