TORONTO – Tarion is seeking public input on a proposed new enrolment fee schedule under the new home warranty and protection program.
Given recent financial market volatility, inflationary effects including the rising costs of construction and repairs, as well as the ongoing need for investments in the operations of the organization to continue to improve service delivery, Tarion is proposing to implement changes to our enrolment fee structure.
Tarion is proposing to:
- Not change enrolment fees for homes starting with a sale price under $500,000.
- Implement an enrolment fee increase of on average $300 for homes between $500,000 and $1.5 Million. The $300 fee increase will be applied progressively (i.e., higher fee increase on a more expensive home).
- Extend the enrolment fee range in the schedule from the current upper limit of $1.5 million to a new upper limit of either $4 million or $6.7 million with homes greater than $1.5 million paying a fee of 0.15% of the sale price.
For those interested in providing feedback they can provide input by emailing submissions@Tarion.com or by completing our online survey by September 28, 2023.
To learn more about Tarion’s proposed new enrolment fee schedule, please go to our online survey here.
About Tarion
Tarion is an independent, not-for-profit, consumer protection organization authorized by the provincial government to administer the Ontario New Home Warranties Plan Act (ONHWPA). Tarion provides education, warranty support and dispute resolution services to Ontario’s new home buyers and builders and has been providing consumer protection to Ontarians since 1976.
For media request please contact:
Andrew Donnachie
media.inquiries@tarion.com