Types of coverage after you've taken possession
After taking possession of your new home you are entitled to coverage of various items. This coverage takes effect after you’ve taken possession, what items are covered are based on various timeframes and situations. See below for an overview of each.
Freehold, Contract, Condo Units & Condo Conversions
1, 2 & 7 Year Coverage
This page provides an outline of the warranty coverage for freehold & contract homes, as well as condominium units and residential condominium conversions. It also includes coverage of missing items.
Incidental Costs
Occasionally new home owners face incidental costs as a result of authorized repairs to one or more warranted items in their new home or condominium. This page provides information on your rights and coverage of these costs, including temporary relocation allowance.
What is Not Covered by the Warranty
The Act sets out a list of exclusions from warranty coverage for Freehold, Contract & Condo Units. It is important for homeowners to note what is not covered by the warranty, to learn more visit our what is not covered page.
Coverage Limits
Since February 1, 2021, Tarion has increased several warranty coverage limits to better protect homeowners.
Below is a summary of the coverage limits for projects based on the date the first Agreement of Purchase & Sale (APS) is signed.
Agreement of Purchase & Sale signed on or after July 1, 2023
- The maximum statutory warranty coverage available for freehold homes is $400,000.
- The maximum statutory warranty coverage for condominium units is $300,000.
- The maximum coverage for condominium common elements is $100,000 times the number of units, up to a maximum of $3.5 million.
- The maximum combined coverage for a condominium project (units and common elements) is $50 million.
- There is a maximum of $50,000 for warranted damage caused by environmentally harmful substances or hazards.
Agreement of Purchase & Sale signed on or after February 1, 2021
- The maximum statutory warranty coverage available for freehold homes and condominium units is $300,000.
- The maximum coverage for condominium common elements is $100,000 times the number of units, up to a maximum of $3.5 million.
- The maximum combined coverage for a condominium project (units and common elements) is $50 million.
- There is a maximum of $50,000 for warranted damage caused by environmentally harmful substances or hazards.
Agreement of Purchase & Sale signed before February 1, 2021
- The maximum statutory warranty coverage available for freehold homes and condominium units is $300,000.
- The maximum coverage for condominium common elements is $50,000 times the number of units, up to a maximum of $2.5 million.
- The maximum combined coverage for a condominium project (units and common elements) is $50 million.
- There is a 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.