New Homes Registry: Is Your Brand New Home In British Columbia Under Warranty?
If you aren’t sure, then do your homework quick and easy through the New Homes Registry provided by the Homeowner Protection Office (HPO) before making your purchase!
The New Homes Registry provides free access to find out if a home has a policy of home warranty insurance and is built by a licensed residential builder, or whether it is built without home warranty insurance under an exemption, such as an owner builder authorization.
Homes suspected of being illegally built, or where home warranty insurance has been withdrawn prior to issuance, will be flagged on the registry as being “under investigation.”
For homes built by licensed residential builders, the New Homes Registry displays the name and contact number of the warranty provider, and the builder’s warranty number.
Every new home built for sale by a licensed residential builder in British Columbia is protected by mandatory third party home warranty insurance known as 2-5-10 home warranty insurance.
This coverage includes: 2 years on labour and materials (some limits apply), 5 years on the building envelope including water penetration, and 10 years on the structure. It’s the strongest system of construction defect in Canada.
Here’s the link: http://www.hpo.bc.ca/new-homes-registry.
Source: British Columbia Real Estate Association “the bulletin” Volume 34, Number 2 – New Homes Registry – A Valuable Online Tool for REALTORS® By Karen Karaloukas – Homeowner Protection Office