Summary
This document is an information sheet that outlines the warranties and protections associated with new homes provided by builders and backed by Tarion. It emphasizes the importance of the construction contract, which details the rights and obligations of homeowners and builders. Homeowners are advised to seek legal advice regarding their contracts. The document explains the Pre-Delivery Inspection (PDI) process, which allows homeowners to identify any issues before taking possession of their homes. It also discusses financial loss protection, stating that homeowners can claim compensation up to $40,000 if builders fail to perform their contractual obligations. The warranty coverage is detailed, including a one-year warranty for defects, a two-year warranty for specific issues, and a seven-year warranty for structural defects. Additionally, the document outlines warranty exclusions and provides important next steps for homeowners, including resources for warranty assistance and the registration process for Tarion’s MyHome tool.
