Moving into your brand-new home is an exciting time! As a homeowner in Ontario, you have the added peace of mind knowing your home is protected by a builder warranty, as required by provincial law. Tarion plays a vital role in ensuring you receive the coverage you are entitled to under this warranty.

On this page, we’ll walk you through the types of warranty coverage that apply after you take possession of your Mi Cazza home, along with the important coverage limits you should know.

Types of Coverage After You’ve Taken Possession

Once you’ve received the keys and settled in, your Tarion warranty coverage begins. This coverage addresses various elements of your home over different timeframes, typically including:

• The One-Year Warranty: Covers defects in materials and workmanship, including things like improper installation and code violations.
• The Two-Year Warranty: Covers defects in the electrical, plumbing, and heating systems, as well as water penetration and significant structural defects.
• The Seven-Year Warranty: Provides coverage for major structural defects.

The specific items covered and how to make a claim are detailed within your Tarion homeowner information package.

Understanding Your Warranty Coverage Limits

It’s important to be aware that there are maximum limits to the warranty coverage provided by Tarion. These limits have increased over time, offering greater protection to homeowners. The specific limits that apply to your home depend on the date your first Agreement of Purchase & Sale (APS) was signed.

Here’s a summary of the coverage limits based on the APS date:

For Homes with an Agreement of Purchase & Sale Signed On or After July 1, 2023:

• The maximum total warranty coverage for a freehold home is $400,000.
• For a condominium unit, the maximum warranty coverage is $300,000.
• Condominium common elements are covered up to $100,000 multiplied by the number of units, with a total maximum of $3.5 million for the common elements.
• The combined maximum coverage for an entire condominium project (units and common elements together) is $50 million.
• There is a specific maximum of $50,000 for warranted damage caused by environmentally harmful substances or hazards.

For Homes with an Agreement of Purchase & Sale Signed On or After February 1, 2021 (and before July 1, 2023):

• The maximum total warranty coverage for both freehold homes and condominium units is $300,000.
• Condominium common elements are covered up to $100,000 multiplied by the number of units, with a total maximum of $3.5 million for the common elements.
• The combined maximum coverage for an entire condominium project (units and common elements together) is $50 million.
• There is a specific maximum of $50,000 for warranted damage caused by environmentally harmful substances or hazards.

For Homes with an Agreement of Purchase & Sale Signed Before February 1, 2021:

• The maximum total warranty coverage for both freehold homes and condominium units is $300,000.
• Condominium common elements are covered up to $50,000 multiplied by the number of units, with a total maximum of $2.5 million for the common elements.
• The combined maximum coverage for an entire condominium project (units and common elements together) is $50 million.
• There is a specific maximum of $15,000 for warranted damage caused by environmentally harmful substances or hazards, and a maximum of $25,000 for coverage of septic systems.

At Mi Cazza Construction, we build with quality and care to minimize the need for warranty claims. However, understanding your Tarion coverage and its limits is an important part of new homeownership, providing you with confidence and protection.