Tarion Talks: Episode 4, Deposit Protection and Condominium Conversions

In this episode of Tarion Talks, we discuss the details of two new and exciting improvements to Tarion’s consumer protection measures: enhanced deposit coverage for freehold homes; and warranty coverage for condominium conversion projects.  

To learn more about these initiatives, guest host Melanie Kearns, Senior Manager in Strategic Communications, is joined by two experts: Amy Lewis, Senior Manager inStakeholder Relations; and Sandro Nevicato, Manager, Warranty Services in Tarion’s Common Elements department.

Topics discussed in this episode include:

A general overview of deposit protection, including scenarios in which a consumer may be able to benefit from it. The details of the new deposit protection enhancement set to take effect on January 1, 2018, including the impact on coverage for freehold homes as well as condos. Defining a “residential condominium conversion project,” and what types of projects fall into this classification. An overview of the Tarion warranty coverage for conversion projects that will take effect on January 1, 2018 – and an important exemption that will affect one-year warranty claims for conversion condos.

The next episode of Tarion Talks is scheduled to be available for download in January of 2018.