New Home Buyer Tarion Protection

New Home Buyers Page Content If you’re considering purchasing a new home, congratulations! It’s an exciting and rewarding process. A new home may also be the most significant purchase you ever make. In addition to the financial commitment, there are a number of lifestyle and home design options you may need to consider. That’s why it’s so important to do your homework and gather as much information as possible about your...

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Understanding Delayed Closings and Occupancies Windsor Real Estate

Understanding Delayed Closings and Occupancies for Freehold Homes and Condominiums Page Content Under the delayed closing and delayed occupancy warranty, your builder guarantees that your home will be ready for you to move in either by a date specified in the purchase agreement or by a date that has been properly extended if circumstances occur that delay the home’s completion. In many cases, your builder will be required to compensate...

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Tarion New Home Warranty Protection Windsor Real Estate

This section is intended to help new homeowners understand what’s included in the Ontario New Home Warranties Plan Act (the Act) and what to do if a warranty problem arises. The Act outlines the warranty coverage that builders are required to provide to their customers.  Coverage under the Act includes deposit protection, protection against defects in work and materials, protection against unauthorized substitutions, and protection...

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Understanding Your New Home Sales Contract

Understanding Your New Home Sales Contract Buying a brand-new home can mean a lot of different things — an opportunity to get the home you really want, a dream come true, an investment for the future, an achievement to be proud of. It is also a legal transaction that should never be done without a detailed written contract! The first rule of homebuying is to get it in writing! A contract, or Agreement of Purchase and Sale, as it is often...

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