ARTICLE · 17 JULY 2023

Tarion's Temporary Relocation Warranty – An Overview For Developers And Builders

Torkin Manes LLP

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On July 1, 2023, Tarion's new Temporary Relocation Warranty coverage came into effect as a result of recent amendments to Regulation 892 passed under the Ontario New Home Warranties Plan Act.

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On July 1, 2023, Tarion's new Temporary Relocation Warranty coverage came into effect as a result of recent amendments to Regulation 892 passed under the Ontario New Home Warranties Plan Act. The Temporary Relocation Warranty provides enhanced coverage to owners of newly constructed freehold homes and condominium units that are sold under purchase agreements, or constructed under construction contracts, which are entered into after July 1, 2023 (a "Covered Home").

The purpose of the Temporary Relocation Warranty is to defray some of the relocation costs that homeowners face in the event that, following initial occupation, the Covered Home (or a material portion of it) becomes "uninhabitable" (i.e., objectively unfit or unsafe for occupancy) due to a matter covered by the one-, two- or seven-year Tarion Warranty.

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