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Warranty

TEC warranty falls under Tarion ensuring new home buyers receive the statutory warranty coverage they are entitled to under the Ontario New Home Warranties Plan Act.

Tarion is a non-profit, private corporation established in 1976 to protect the rights of new home buyers and regulate new home vendors and builders according to the terms of the Ontario New Home Warranties Plan Act (the “Act”). Not only does the Act require builders in Ontario to provide new home warranty coverage, but they must also be registered with Tarion and enrol every new home prior to the start of construction. Tarion is also responsible for managing a guarantee fund to ensure that builders honour the statutory warranties, and for enforcing the overall terms of the Act.

Your new home must meet or surpass the structural requirements and health and safety standards of the Ontario Building Code. And like every new home in Ontario, it is protected by mandatory warranties provided by your builder and backed by Tarion Warranty Corporation (“Tarion”). These warranties begin on the date you take occupancy of your new home, which may be different than the Closing Date.

See more at: http://www.tarion.com/Resources/CE-HIP/Pages/default.aspx#sthash.1xeoQzvE.dpuf