There are a number of changes to Tarion's structure,
processes and documentation commencing 2021 that require the
attention of developers. This alert will summarize some of those
items effective February 1, 2021 that developers should take note
of as new documentation will be required to be used for new sales
and project launches.
On February 1, 2021, the New Home Construction Licencing
Act, 2017 comes into force, creating the Home Construction
Regulatory Authority (HCRA). The HCRA will act as
a new regulating authority for homebuilders in Ontario under both
the New Home Construction Licensing Act, 2017 and the
existing Ontario New Home Warranties Plan Act
(ONHWPA) with respect to the licencing and
regulating of builders and vendors. Note that the Tarion Warranty
Corporation (Tarion) created under the ONHWPA will
continue to be responsible for administering new home warranties
under the ONHWPA.
