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What is the Ontario New Home Warranties Plan Act (the “ONHWPA”)?

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What is the Ontario New Home Warranties Plan Act (the “ONHWPA”)?

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The ONHWPA provides protection and, in some cases, compensation to purchasers of new homes or condominiums for matters covered by the legislation. A builder of a new home must be registered under the ONHWPA and all homes built by a builder must be enrolled under the Act. Typical Agreements of Purchase and Sale from builders include provisions relating to the ONHWPA, the builder’s registration number, and enrolment of the home or condominium under the ONHWPA. A purchaser may be eligible for compensation for the loss of the deposit (up to $40,000 for a new home and up to $20,000 for a new condominium) where a builder is unable to complete the contract and cannot return the deposit to the purchaser.

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