For new homebuyers, protecting the deposit that you provided to the builder is an important part of any transaction. In Ontario, deposit protection is administered by Tarion, a not-for-profit organization created by the provincial government.
Effective April 1st, 2026, purchasers of newly constructed homes will have to register their home purchase with Tarion within 45 days of signing their purchase agreement to receive the maximum amount of coverage available.
In this article, we will discuss the importance of deposit protection, outline the new registration requirements and differing coverage amounts, and outline how to register your purchase agreement with Tarion.
Importance of Deposit Protection