Ottawa New Home Builders Image
 
Search for Homes by :
Lowest Price Location and Features
Text Size   Tell Someone Bookmark Us

Ottawa New Homes Information

The TARION Warranty Program for New Homes in Ottawa

ADVERTISERS CLICK HERE

ADVERTISERS CLICK HERE
Is Your Home Fit To Live In? :
 
"You've Come To The Right Place..." says the headline at Tarion.com.  That's the web site of the New Home Warranty Program.  When they tell you what should be corrected or repaired in your new home you know you are covered under the Ontario New Home Warranties Plan Act.
 
Tarion Warranty Corporation (their new name) has administered about a million and a quarter homes in the past 27 years.
 
The new homes warranty program was originally the inspiration of Ernie Assaly, a genial construction entrepreneur who always seemed to be in good humour whatever the chaos around him.  He was an ideal model for what then seemed a disorganized and chaotic industry.  It was a situation that needed someone calm and unflappable like Ernie to step in and bring about order.
 
Ernie's brother Tom was a construction man, too, who set up business in Ottawa as a residential and commercial builder in the 1950s. Tom Assaly went on to develop many of Ottawa's most significant new communities over the next 30 years.
 
Protect Your Investment :
 
If you purchased a new home in Ontario and you want the peace of mind that comes with knowing your investment is protected, you've come to the right place... so says Tarion's Home Page - summing up the purpose of the New Home Warranties Program.
 
One of the first significant things people do after finding employment, is look for a new home they can own.  It will become their most important investment - because a well designed and well-built home appreciates in value in the course of time.  And, because of the significance of this asset, people shrewdly recognize the importance of having their investment protected.
 
What It Covers :
 
The New Home Warranties Program covers the following :
 
  • Deposit Protection
  • Protection against delayed closings (or delayed occupancies) without written notice
  • Protection against defects in work and materials
  • Major Structural Defects
  • Unauthorized Substitutions
  • Coverage also for shared or common condominium areas of the building
     
    Consumer Protection :
     
    Problems between owners and builders are generally resolved without Tarion's involvement, as a consequence of the legislation known as the "Ontario New Home Warranties Plan Act".  However, Tarion helps home owners and builders interpret the Act's limits if necessary, and intervenes to protect consumers if and when a builder fails to honour its obligations under the warranty program.
     
    Maximum Coverage :
     
    The Act describes maximum coverage required for builders to provide in order that home buyers' interests are protected.
     
  • Freehold homes and Condominiums: $150,000 *
  • Common Elements in Condominiums: $ 50,000 X the number of units (to a max. of $2.5 million)
     
    * Due to price increases the amount may be modified. For example, it was increased in 2004 from $100,000
     
    How It Works :
     
    In order to administer the warranty program so that both consumers and builders are protected, Tarion researched typical home buyers' problems and also consulted the Ottawa-Carleton Home Builder's Association (OCHBA).  They arrived at the following policies and standards, reserving the right to modify them in accordance with possible changes :
     
    1.  The builder provides Warranty Forms within a specified time.
    2.  A builder transfers "the right of occupancy" according to the date on a Certificate of Completion and Possession they provide, which is when warranty coverage begins.
    3.  The new home owner checks that each building process has been completed to his or her satisfaction, and lists unsatisfactory or unfinished items on the Warranty Form.
    4.  The owner sends the Warranty Form to Tarion - within a stated period -and hands a copy to the builder's Inspector.
    5.  The "After Sales Service Inspector" carefully checks every item on the list physically, and signs the form on behalf of the builder, if satisfied.
    6.  A copy of the original form, signed by the home owner, will be returned to him or her, stamped with a date of receipt.
    7.  It is then up to the builder to rectify any faults agreed on by the two parties.
    8.  If they should not be corrected within a specified period, the owner has recourse to the Tarion Warranty Corporation.
     
    One-Year Warranty :
     
    This remains in effect even if you sell your new home in the meantime.  It warrants that your home is fit to live in and free from defects in materials and work, and that it meets the requirements of the Ontario Building Code.
     
    Two-Year Warranty :
     
    This too remains in effect even if you have sold your home meanwhile.  Coverage is provided for 2 years from your possession date, for the following:
     
  • Penetration of water through basement or foundation walls;
  • Material or work defects resulting in water penetration;
  • Defects in electrical, plumbing or heating systems;
  • Defects resulting in "detachment, displacement or deterioration of exterior cladding;"
  • Major structural defects;
  • Violations of the Ontario Building Code's "health and safety provisions."
     
    The builder's responsibility to rectify any such faults commences the day after Tarion receives the 2nd Year Form describing such flaws.  Timelines are described in the Warranty Service Rules.
     
    Find out more :
     
    Tarion's Customer Centre :
    5150 Yonge Street, Toronto, M2N 6L8
     
    Toll Free: 1-877-982-7466
     
    More details at : www.Tarion.com
     



    		•

    Why buy an Ottawa new home from an Ottawa home builder, rather than a Resale

    :

    FAVORABLE PRICING
    Competition among Ottawa home builder's makes new homes less likely to to overpriced. Ottawa New homes are easy to compare with others in the market equating apples to apples. The homes are the same age and options are declared up front with a breakdown of prices for comparative shopping.

    NEW HOME WARRANTIES
    Ottawa New home buyers are assured of a warranty on the home itself and on major appliances, including air conditioning and heating systems. Today's Ottawa home builder's extend the Tarion warrenty, which includes structural elements.

    HOMESITE SELECTION
    Location, location, location. Being able to select just the right new home community and lot is almost as important as choosing the right home for your life-style. Ottawa home builders offer a wide selection of lots including golf course locations, waterfront, rural, estate lots and more.

    LATEST MATERIALS
    Low maintenance is one of the most important features of new homes being built today in Ottawa. New technologies and building materials are virtually maintenance free, especially on the exterior. Homeowners no longer have to worry about painting every 3 to 5 years.

    ENERGY EFFICIENCY
    A new home built today is required by law to meet stricter energy codes than homes built in the past, when codes either didn't exist or were much more lenient. Many Ottawa home builder's use materials that are designed to exceed the strict limits to produce future savings for home owners.

    COMPATIBLE NEIGHBORS
    In most new Ottawa communities buyers will be moving in with neighbors that, in general, have similar circumstances. In older communities, new-comers may have more difficulty fitting-in to the already established social setting.

    SIMPLIFIED FINANCING
    Securing financing is the major obstacle to home ownership. Most Ottawa home builder's have done the leg work for you. They have researched the best rates for their specific type of Housing, with established lenders that know the products.

    New Home Articles

    Search This Site

     


    © 2005- MarketAid Interactive Technologies | Search and Find New Homes in Ottawa with HomesExplorer!
     Terms and Conditions of Use  :  Privacy Policy  :  Spam Statement  :  Site Map  :  1 Guest Online   :  38.103.63.17
     LOGIN    ABOUT US    Problems with this page?