Regulation - Other

Change to Regulation 894 regarding Adjustments

Regulation Number(s):
Regulation 894
Instrument Type:
Regulation - Other
Bill or Act:
Ontario New Home Warranties Plan Act
Summary of Decision:
A change to Tarion's builder registration regulation, setting forth a restriction on closing adjustments
Further Information:
Proposal Number:
Posting Date:
October 12, 2010
Summary of Proposal:
Tarion would like to ensure that builders are not including charges as adjustments to the purchase price of a new home, that have not actually been incurred by the builder. This amendment to the regulation will make the restriction of these charges, a new term and condition of builder registration.
Contact Address:
Ministry of Consumer Services
777 Bay St, 5th floor
Toronto ON M7A 2J3
Effective Date:
January 1, 2011