When does your home’s Tarion warranty start?
The law requires that your home is provided with Tarion warranty by ArchStone.
What is Tarion?
- Administer the MyHome online portal to manage warranty and report defects
- Educate homeowners about warranty rights and responsibilities
- Assess and determine if warranty claims are valid
- Manage a guarantee compensation fund to pay homeowners for warranty claims
- Facilitate the fair resolution of disputes between homeowners and builders
- Resolve warranty claims directly with homeowners via a third party
- Manage a guarantee fund to protect you as the home buyer
- Protect homeowners when builders fail to fulfill their warranty obligation
- Fundamental breaches of the purchase agreement
- You exercise your right to terminate the agreement
- Builder declares bankruptcy
Work & Materials Warranty
The 1-Year Warranty
- Requires that your home is built properly and free from defects in materials
- Ensures your home is fit for habitation
- Protects against Ontario Building Code violations
The 2-year Warranty
- Protects against water penetration through the basement or foundation walls
- Protects against defects in materials, including windows, doors and caulking, or defects in work that result in water penetration into the building envelope
- Covers defects in work or materials in the electrical, plumbing, and heating delivery and distribution systems
- Covers defects in work or materials that result in the detachment, displacement, or deterioration of exterior cladding (such as brick work, aluminum, or vinyl siding)
- Protects against Ontario Building Code violations that affect health and safety
The 7-year Warranty
- Defects in work or materials that affect a structural load- bearing element of the home, resulting in a structural failure, or that could materially and adversely compromise the home’s structural integrity
- Defects in work or materials that materially and adversely affect the use of a significant portion of the home
Delayed Closing Coverage
- ArchStone guarantees that your home will be ready for you to move into either by a date specified in the purchase agreement or by the date that has been properly extended if circumstances occur that delay the home’s completion, to which you and ArchStone have agreed upon.
- The Statement of Critical Dates in the Addendum to your agreement contains all of the information about your closing date and any extensions that are applicable.
- If your home’s closing or occupancy date is delayed beyond the allowable limits you may be able to claim compensation of $150 per day up to a maximum of $7,500
- The maximum statutory warranty coverage available for freehold homes is $300,000
- There is a maximum of $50,000 for warranted damage caused by environmentally harmful substances or hazards, including mould, for freehold homes
At ArchStone we specialize in pre-construction and custom homes, prioritizing transparency, collaboration, and a pragmatic approach to creating dream homes within clients’ budgets. We pay meticulous attention to detail, maintain clear communication, and value relationships to provide a seamless and stress-free building experience.