Beginning Feb 1, 2014, new legislation will determine minimum warranty requirements for new constrution in Alberta. The changes apply to new homes constructed under a building permit applied for after Feb 1 2014.
"All new homes (detached homes and condominiums) would at minimum, include a warranty for:
- One year labour and materials;
- Two years for defects in labour and materials related to delivery and distribution systems;
- Five years building envelope protection, with a requirement for the warranty provider to offer the consumer the option to purchase additional years of coverage; and,
- 10 years coverage for major structural components."
What does the change mean for homeowners?
There are currently various warranty programs available to builders and consumers that offer various levels of protection and some warranty packages provide much less coverage than homeowners may expect. This is true for single family homes and condominiums (townhouses and apartments). The New Home Buyer Protection Act is the provincial effort to manage this issue.