resale home warranties tarion ontario

Resale Home Warranties; What you need to know

Monday Feb 05th, 2024

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Are you in the midst of buying or have recently acquired a resale house or condominium unit that's less than seven years old? Congratulations! It's a significant step in your homeownership journey. What's more, there's a high probability that your new abode still carries some warranty coverage, even after changing hands from the original owner.

Understanding the ins and outs of your warranty coverage can be invaluable if you encounter any issues down the line. Here, we address some of the most frequently asked questions by buyers of resale homes that are still under warranty.

Is My Home Still Covered by Warranty?

Fortunately, determining whether your home is still under warranty is a straightforward process thanks to the Ontario Builder Directory. By entering your address on the Tarion website, the designated administrator of Ontario's new home warranty program, you can quickly ascertain if your home is enrolled and the duration of the remaining warranty period. It's a simple step that provides peace of mind.

How Do I Transfer the Warranty to My Name?

Transferring warranty coverage to your name is a seamless process. Just furnish the home warranty administrator with a copy of your purchase agreement, and once your details are on file as the current owner, you're all set. What's more, you can conveniently register online to file claims and access your home's warranty history at your fingertips.

Understanding Your Warranty Coverage

Ontario's new home warranty is structured into one-year, two-year, and seven-year coverages, each offering specific protections tailored to different aspects of your home. The one-year warranty encompasses comprehensive coverage for general defects in workmanship and materials. Meanwhile, the two-year warranty extends to defects in plumbing, electrical, and heating systems, as well as issues such as water penetration and exterior cladding defects. Finally, the seven-year warranty shields against major structural defects, ensuring the long-term integrity of your investment.

Whether you're blessed with one, two, or more years of coverage, it's essential to maximize the benefits afforded by your warranty. For further details and resources, visit tarion.com, your go-to hub for all things related to home warranties in Ontario.

As you embark on this exciting chapter of homeownership, rest assured that understanding your warranty coverage empowers you to address any potential concerns with confidence. With Tarion by your side, your home journey is safeguarded every step of the way.


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