Tarion has created a useful guide to the new home warranty program for homes where possession occurred after July 1, 2008.
Your new home is required to meet or surpass the structural requirements and health and safety standards of the Ontario Building Code. And like every new home in Ontario, it is
protected by a mandatory warranty provided by your builder and backed by Tarion Warranty Corporation (“Tarion”).
Tarion is a non-profit, private corporation established in 1976 to protect new home buyers according to the terms of the Ontario New Home Warranties Plan 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. The Act also gives Tarion responsibility for managing a guarantee fund to ensure that the builder’s warranty will be honoured, and for enforcing the overall terms of the Act.
It is important that homeowners and builders are aware of and understand their rights and responsibilities under the Act.
A link has been created to download this booklet. Be Sure to Read and Keep this Booklet!
Getting ready to move into your new home is an exciting and busy time. However, it is important that you set aside some of that time to carefully read through this Homeowner Information Package and become familiar with its contents. It describes your home’s statutory
warranties and the responsibilities of both you and your builder, and explains how Tarion will handle a statutory warranty claim. Because of its importance, it is recommended that you file this booklet with your other new home documents so that you will be able to refer to it in the future.
If you are unsure about your rights under your purchase agreement or the Act, you may wish to seek the advice of a lawyer.
If you have questions, call them at 1-877-9TARION (1-877-982-7466) or visit their website at www.tarion.com.