How to avoid becoming a victim of illegal building

(NC) If you’re shopping for a new home, you owe it to yourself to understand what illegal building is and how you can avoid its potentially devastating consequences. With very few exceptions, anyone who wants to build and sell a new home in Ontario needs to be registered with Tarion and enroll the property in the province’s new home warranty program. Builders who are not registered are usually operating illegally, and they can harm buyers in different ways:

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Buying pre-construction? Your deposit is protected

(NC) Is this the year you plan to take that bold leap and buy a new-build house or condominium unit? Prices on new homes have gone up in recent years, and so have deposits. But there are two pieces of good news. The first is that your deposit is protected by Tarion, the company that administers Ontario’s new home warranty program. The second is that coverage was increased and expanded in 2018 to provide buyers with even more protection.

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