Quick answer
Tarion covers one year for defects in work and materials, two years for water penetration and major systems, and seven years for major structural defects. Budget separately for land transfer tax, legal fees, Tarion enrolment, utility hook-ups, levies and closing adjustments.
Coverage periods
Tarion provides one-year coverage for defects in work and materials, two-year coverage for water penetration and major systems, and seven-year coverage for major structural defects. It also covers deposit protection and compensation for unreasonable delays.
Closing costs to budget
Land transfer tax, legal fees and disbursements, Tarion enrolment fee, utility connection and meter charges, development and education levies where not capped, HST adjustments, and prepaid property tax and interest adjustments.
The cap that matters
Negotiating or confirming a cap on development charges is the single largest controllable closing-cost variable on a new freehold home. Ask for it in writing.
Pricing referenced above is preliminary VIP pricing and subject to change without notice. We do not represent the builder. Register below for the official Crown of Caledon price list and floor plans.
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