Have you purchased a new home or condo from a registered builder? Good news – your new home comes with a warranty backstopped by Tarion, Ontario’s new home warranty provider. In case you have any issues with your home, it’s important to know what the warranty covers. Here’s everything you need to know: Deposit protection. If you put down a deposit when you signed the Agreement of Purchase and Sale, those funds are protected if anything goes wrong. Deposits on... [read more]

Moving into a newly built home is exciting. Once the boxes are unpacked, most owners want to put their own personal stamp on the space, starting with the unfinished basement. But there are good reasons why it's better to put the dream of a perfect game room, man cave or music room on hold for at least a year after moving in.   Almost all new homes in Ontario come with a new home warranty that lasts seven years. The warranty coverage for the first year is the most comprehensive... [read more]