The Manitoba government introduced mandatory warranties on Thursday meant to protect consumers who purchase newly constructed homes from any defects.
Home builders will soon be required to offer the warranty on new houses and condominium properties issued by a third-party warranty provider. The minimum warranty coverage would be higher than that currently offered under existing voluntary home warranty programs.
“For many Manitobans, buying a new home is one of the most important investments they will make for their families’ future,” said Healthy Living, Seniors and Consumer Affairs Minister Jim Rondeau. “Our plan will help protect Manitobans buying a new home with better, extended warranty protection against construction-related defects.”
Rondeau couldn’t say exactly how much homeowners should expect to pay for the coverage, but said it would be “pennies per day.”
The move by the NDP government to protect home buyers was also applauded by the Consumers’ Association of Canada (Manitoba).
The warranties would cover defects in labour, materials and design in houses and condominium units for one year, and condominium common elements for 15 months. Major systems such as electrical and plumbing, and building code violations resulting in unreasonable health or safety risks or material damage to the home for 24 months, and defects in the building envelope, including water penetration, for two years and structural defects for seven.