Builders in Ontario are deemed to provide statutory warranty coverage as described in the Ontario New Home Warranties Plan Act.
This coverage includes:
- Protection for deposits;
- Protection against Financial Loss for Contract Homes;
- Compensation for delays in closing or occupancy;
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Protection against unauthorized substitutions;
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One and two year warranties for certain defects in work and materials;
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A seven year warranty for major structural defects; and
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Coverage for condominium common elements (the common or shared area of condominium buildings.)
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