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Amendment to Regulation 894

Tarion’s Board of Directors approved launching a public consultation process, in order to receive feedback on a proposed amendment to Regulation 894. The following Regulatory Impact Statement outlines the purpose of this amendment, which is purely to ensure that the language in Tarion’s Vendor/Builder agreements is consistent with the new Major Structural Defect (MSD) policy that came into effect on July 1, 2012.

The formal public consultation process has now ended. Here is the final regulatory amendment.