New Homes In Alberta Soon To Come With Mandatory Protection
The new year brings good tidings for Albertans, like projections of sustained economic and housing market growth. But for those who are building a new home in this booming city, there’s more great news. In case you didn’t know it yet, hopefully by next month, home builders will already be mandated by law (specifically by the Government of Alberta’s New Home Buyer Protection Act) to provide warranty protection for new homes, so all new home buyers and investors in Alberta will soon enjoy protection for their investment! That should give you peace of mind like no other.
Here’s a quick look at the coverage:
• one year for labor and materials;
• two years for defects in labor and materials related to delivery and distribution systems;
• five years building envelope protection (protection for the building’s exterior shell, including its roof and walls), with a requirement for the warranty provider to offer the consumer the option to purchase additional years of coverage; and
• 10 years for major structural components.
Covered are single-family homes, condominiums, modular homes, mobile homes, and dwellings on recreational properties, but not dorms, work camps, hotels, and rental apartments.
Alberta Minister of Municipal Affairs Doug Griffiths described the warranty program as “one of the strongest warranty programs in the country.”
When the Act takes effect, the Alberta government will require builders to show proof of home warranty coverage to obtain building permits for all new homes constructed in the province.
Currently, new homes in Alberta are not legally protected by warranties, but people are encouraged to choose builders who offer such protection.
I just wanted to quickly share with you the good news, but if you need more information on this exciting development, you can visit the Government of Alberta website. Now you have all the more reason to choose Alberta for your new home!
Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.
About Bryon Howard
Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 2% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.
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