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Enacted in 1976, the Ontario New Home Warranty Plan Act (ONHWP) was created to protect the rights of new-home buyers and is being administered by the Tarion Warranty Corporation through its New Home Warranty Program.
When you purchase a home, you inherit the history of that property – from the quality of its construction to any previous owners' utility arrears, to land and mineral claims that other parties may have on it.
We recommend these web sites as excellent sources of relevant information for home buyers and sellers.
Title insurance was introduced in Canada in the early 1990s and is popular among home buyers today.
No two real estate deals are the same, but the following steps generally apply to any successful home purchase.
If you are buying a condominium, this is what you can do to get ready for closing.
A condominium provides a form of ownership in property whereby you own a single unit in a multiple-unit dwelling or project, as well as an interest in the common areas and common elements of the project or dwelling.
If you are both selling a home and buying a new one, this is what you can do to get ready for closing.
If you are reﬁnancing your home, this is what you can do to get started.
You may wish to reﬁnance an existing home to take advantage of changes in interest rates, to unlock some of the equity on your home, or to reduce your monthly cash ﬂow requirements.