Proposed Amendments to Regulation 165/08 and Regulation 894: A Review of Tarion's Addenda
Reg. 165/08 of R.R.O. 1990
Reg. 894 of R.R.O. 1990
Bill or Act:
Ontario New Home Warranties Plan Act
Summary of Decision:
In Fall 2011, Tarion had posted a backgrounder document to seek input on proposed changes to the Delayed Closing/Delayed Occupancy Addenda. The attached regulations have been approved and come into effect on July 1, 2012.
May 14, 2012
Summary of Proposal:
Tarion's Addendum is a mandatory supplement to each new home's Agreement of Purchase and Sale. Through feedback from stakeholders, Tarion decided to review the Addenda, to make various improvements including providing more clarity and disclosure. One consultation process already took place on these proposed Addenda, and now Tarion is consulting again on proposed further revisions that resulted from the original public consultation.
Ministry of Consumer Services
Policy & Consumer Protection Services Division
5th Floor, 777 Bay St.
Toronto, ON M7A 2J3
July 1, 2012