What is Tarion?
Tarion is a not-for-profit consumer protection organization that administers Ontario’s new home warranty program [1]. For over 40 years, Tarion has provided new home warranty protection to more than two million Ontario homes [2].
Tarion’s purpose and history
The Ontario government established Tarion in 1976 to protect new home buyers and owners by protecting one of their life’s biggest investments [1][3]. New home enrolment fees entirely finance Tarion, and its primary mission is to provide financial and warranty protection for new home buyers and owners in the province [3].
What does Tarion do?
Tarion’s main responsibility is to administer Ontario’s new home warranty program, which includes both warranty coverage and deposit protection for new homes in the province. Additionally, Tarion offers many resources for homeowners and builders, including educational materials, dispute resolution services, and technical support [2].
How does Tarion protect new home buyers?
The New Home Warranty Program
Ontario’s new home warranty program provides new home buyers with a range of warranty coverage for their new home. This coverage includes protection for defects in work and materials, major structural defects, and other issues that may arise after the purchase of a new home [2].
The Deposit Protection Program
The deposit protection program offers new home buyers in Ontario financial protection in the event that their builder fails to complete their home or goes bankrupt. The program ensures that the buyer’s deposit is protected up to $40,000, giving them peace of mind that their investment is secure [2].
Who is eligible for Tarion protection?
All new homes built in Ontario must be enrolled with Tarion and are automatically protected under the new home warranty program. This includes single-family homes, condominiums, and other types of new residential construction. However, the program does not cover certain types of homes, such as those built for commercial purposes [2].
How to Make a Claim with Tarion
If you discover defects in your new home, you can make a claim with Tarion to receive warranty coverage. To make a claim, you should first contact your builder to try and resolve the issue. If the builder does not address the issue, you can file a claim with Tarion, and they will investigate the issue and determine if it is covered under the warranty program [2].
What Resources Does Tarion Offer for Homeowners and Builders?
Homeowner Resources
For homeowners, Tarion provides a range of resources to help them navigate purchasing and maintaining a new home. The Tarion website offers information on the statutory warranty coverage that new home buyers are entitled to and resources on how to make a warranty claim if necessary [2]. Homeowners can also sign up for Tarion’s newsletter to stay informed about any updates or changes to the organization’s services. Additionally, Tarion provides a customer service hotline open Monday through Friday from 8 am-5 pm EDT and an email address for customers to contact if they have any questions or concerns [3].
Builder Resources
For builders, Tarion offers a range of resources to help them comply with the organization’s requirements and regulations. Builders can use Tarion’s online system to submit warranty forms and track the status of their submissions. They can also access information about the registration process and the requirements for building and maintaining a new home. Tarion also provides a hotline for builders to call if they have any questions or concerns and an email address for customer service inquiries [3].
Tarion’s Mission and vision statements
Tarion’s mission statement is to “promote a fair, safe, and informed marketplace for Ontario’s new home buyers and homeowners.”[1]. This statement emphasizes the company’s focus on protecting the rights of consumers in the home building and ownership industry. By promoting a fair and safe marketplace, Tarion aims to build trust between builders and buyers while ensuring that consumers receive the necessary support and protection.
Regarding Tarion’s vision statement, there isn’t a single statement available. However, the company’s website emphasizes its commitment to “enhancing consumer protection” and “supporting an informed marketplace.”[1]. This suggests that Tarion’s vision centers on creating a more equitable and transparent home-building and ownership industry in Ontario. By striving for enhanced consumer protection and supporting an informed marketplace, Tarion aims to foster an environment where consumers can make informed decisions and builders can operate with integrity and accountability.
Conclusions
In conclusion, this article provides essential information on Tarion’s involvement in the new home buying process, including registration, warranty coverage, and dispute resolution. Through Tarion, home buyers can access various resources to help them make informed decisions and protect their investments. In conclusion, Tarion’s commitment to protecting new home buyers and regulating builders is an essential aspect of Ontario’s real estate industry and ensures the ongoing trust and confidence of Ontarians in the housing market.