New home owners benefit from One Year Warranty Protection and Two Year Warranty Protection against defects in work and materials, and Seven Year Warranty Protection against major structural defects (MSD).
Warranty coverage begins on the date of possession of a home or condominium unit, and remains in effect until the end of the warranty period, even if the home is sold before the warranty expires.
After moving into a new home, you may notice that one or more of the items listed on the PDI form have yet to be corrected to your satisfaction. In addition you may find other items within the first 30 days that were missed during the PDI orientation or have become apparent since taking possession.
You should fill out and submit the 30-Day Form on or about the 25th day after the date of possession. The 30 day warranty ensures that your home is:
Your home's statutory one year warranty coverage begins on the date you take possession of the home and ends on the day before the first anniversary of this date.
For example, if your home's date of possession is October 23, 2005, the one year warranty begins on October 23, 2005 and ends on October 22, 2006.
The one year warranty is provided by your builder and it requires that the home be:
Your home's two year statutory warranty coverage begins on the date you take possession of the home and ends on the day before the second anniversary of this date. For example, if your home's date of possession is October 23, 2005, the two year warranty begins on October 23, 2005 and ends on October 22, 2007.
The two year warranty is provided by your builder and covers:
During the first two years of possession of your home, the warranty is provided by your builder. After that, during years three through seven, the warranty is provided directly by Tarion.
A major structural defect is defined in the The Ontario New Home Warranties Plan Act as:
The seven year MSD warranty includes significant damage due to soil movement*, major cracks in
basement walls, collapse or serious distortion of joints or roof structure and chemical failure
In addition to the general exclusions, the seven year MSD warranty specifically excludes: dampness not arising from failure of a load-bearing portion of the building; damage to drains or services; and damage to finishes.
From Tarion.ca website