New Home Warranties in Ontario: Understanding Tarion's Role

Home warranties provide peace of mind and protection for newly built homes and condominiums. In Ontario, Tarion is a key player in the home warranty industry. Understanding the basics of home warranties and Tarion's role can help homeowners make informed decisions about coverage that's right for them.

Tarion: Administering the Ontario New Home Warranties Plan Act

Tarion is a not-for-profit organization responsible for administering the Ontario New Home Warranties Plan Act. The organization provides warranty coverage for newly constructed homes and condominiums to ensure they meet provincial standards. Home warranties are typically offered for new homes, newly constructed condominiums, and some renovated homes.

Coverage Length and Components

Tarion home warranties range from one to seven years.

One year: warranties typically cover deficiencies in workmanship and materials, such as electrical and plumbing systems, windows, and doors.

Two years: the warranty covers significant structural components such as the foundation, roof, and load-bearing walls.

Seven years: the warranty covers major structural defects that become apparent during the coverage period.

Additional Warranties

In addition to the coverage provided by Tarion, homeowners can purchase additional warranties. These warranties provide coverage for items such as appliances, heating and cooling systems, and even pools and spas. It's essential to review the coverage offered by these warranties, as well as the exclusions, to ensure that you're getting the protection you need.

Conclusion

Home warranties are a crucial investment for many Canadian homeowners. By understanding the types of properties that may have home warranties, who Tarion is, and what types of warranties are provided, homeowners can make informed decisions about coverage that's right for them. Whether you're a first-time homebuyer or a seasoned homeowner, taking the time to understand the basics of home warranties can help you protect your investment for years to come.