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Our Program offers a five year warranty, broken into two major
categories:
Year One - Materials and Workmanship
The Program warrants that, during the first year, the Registered
Builder will repair Defects in Materials and Workmanship as defined
in the Program's Warranty Certificate. The Program will ensure that
the necessary work is complete up to a maximum of $30,000 per residential
unit. Materials and Workmanship covered by the Program include those
supplied and installed by the Registered Builder, its employees
and those trades and others contracted directly by the Registered
Builder.
Years One to Five - Major Structural Defects
Structural Defects affecting the load bearing portion of your new
home are protected over the entire five year period up to maximum
of $30,000 per residential unit. In the event you are required to
move out while major structural repairs are underway, the Warranty
allows for an additional relocation expense up to a maximum of $3,000.
Deposit Coverage
The Program provides coverage in relation to down payments provided
to Registered Builder Members, up to a maximum of $10,000 per new
home. Included in the deposit coverage are Trust Deposits given
by a Realtor to the Registered Builder, with written authorization
from the Purchaser.
What types of homes are covered?
The Program covers new homes built on site with permanent foundations
and new ready-to-move homes (RTM's) moved onto a permanent foundation.
These new homes must have been built for sale or under contract
by a Registered Builder member of the Program. This includes single
detached homes, semi-detached homes, homes located within First
Nation lands, row housing, duplexes, and condominium units located
within buildings up to 3 stories in height. Homes not eligible for
coverage are renovated homes or additions, recreational homes, mobile
homes, and condominium units located in buildings greater than three
stories in height.
What happens if I sell my home?
If the home is sold during the warranty period, any remaining coverage
stays with the home for the benefit of subsequent buyers. An excellent
selling feature! The best part is that you don't need to do a thing
as the warranty is automatically transferable. All we ask is that
you provide the subsequent homeowners with your warranty certificate.
What about those Builders who offer their own Warranty?
A Builder's own warranty is only as good as the level of service
the company wishes to provide or for as long as the company remains
in business.
Along with our Registered Builders, the New Home Warranty Program
strives to meet our Mission Statement: "To provide warranty
protection for new home buyers and to support the building industry
in its goal to achieve excellence in building standards." Since
1976, the Program has provided two decades of Warranty Protection
to more than 43,000 new home purchasers.
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