NEW HOME WARRANTY
The New Home Warranty is under the Guidelines of the Tarion
Corporation.
ONE YEAR
The one year warranty provides coverage for one year from the date
of
possession and ensures your home: Constructed in a workmanlike
manner
and free from defects in material; Fit for habitation; Constructed
in
accordance with the Ontario Building Code; and Free of major
structural
defects.
TWO YEARS
Water penetration through the basement or foundation walls; Defects
in
materials, including windows, doors and caulking, or defects in work
that result in water penetration into the building envelope; Defects
in
work or materials in the electrical, plumbing and heating delivery
and
distribution systems; Defects in work or materials which result in
the
detachment, displacement or deterioration of exterior cladding (such
as
brickwork, aluminum or vinyl siding); Violations of the Ontario
Building
Code affecting health and safety (including, but not limited to,
violations relating to fire safety and the structural adequacy of
the
home); and Major structural defects.
SEVEN YEARS
Any defect in work or materials that results in the failure of a
load-bearing part of the home’s structure or materially and
adversely
affects its load-bearing function; or Any defect in work or
materials
that materially and adversely affects the use of the building as a
home.
The seven year MSD warranty includes significant damage due to soil
movement*, major cracks in basement walls, collapse or serious
distortion of joints or roof structure and chemical failure of
materials.