O. Reg. 635/20: ADMINISTRATION OF THE PLAN

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ontario regulation 635/20

made under the

Ontario New Home Warranties Plan Act

Made: October 29, 2020
Approved: November 2, 2020
Filed: November 6, 2020
Published on e-Laws: November 6, 2020
Printed in The Ontario Gazette: November 21, 2020

Amending Reg. 892 of R.R.O. 1990

(ADMINISTRATION OF THE PLAN)

1. (1) Subsection 6 (8) of Regulation 892 of the Revised Regulations of Ontario, 1990 is revoked and the following substituted:

(8) Subject to subsection (8.1), the maximum amount payable out of the guarantee fund in respect of a claim relating to the common elements of a condominium project is,

(a)  in the case of a home sold under a purchase agreement where the first purchase in the condominium project was entered into on or after February 1, 2021, the lesser of,

(i)  $3,500,000, or

(ii)  an amount equal to $100,000 multiplied by the number of condominium dwelling units in the condominium project; or

(b)  in any other case, the lesser of,

(i)  $2,500,000, or

(ii)  an amount equal to $50,000 multiplied by the number of condominium dwelling units in the condominium project.

(2) Section 6 of the Regulation is amended by adding the following subsection:

(10.1) The maximum set out in subsection (10) does not apply to homes sold under purchase agreements, or constructed under construction contracts, entered into on or after February 1, 2021.

(3) Subsection 6 (11) of the Regulation is revoked and the following substituted:

(11) As part of the maximum amount payable to an owner out of the guarantee fund under subsection (3) or (4), the maximum amount payable for damage caused by environmentally harmful substances or hazards, deleterious substances, mould or any other fungal or bacterial contamination is,

(a)  $50,000 per home, in the case of homes sold under purchase agreements, or constructed under construction contracts, entered into on or after February 1, 2021; or

(b)  $15,000 per home, in the case of homes sold under purchase agreements, or constructed under construction contracts, entered into on or after September 1, 2004.

Commencement

2. This Regulation comes into force on the day it is filed.

Made by:
Pris par :

Tarion Warranty Corporation:
Tarion Warranty Corporation :

Peter Balasubramanian

Chief Excecutive Officer and President / Le Président directeur général

Tim Schumacher

Vice President and General Counsel / Le vice-président et avocat général

Date made: October 29, 2020
Pris le : 29 octobre 2020

I approve this Regulation.
J’approuve le présent règlement.

La ministre des Services gouvernementaux et des Services aux consommateurs,

Lisa Thompson

Minister of Government and Consumer Services

Date approved: November 2, 2020
Approuvé le : 2 novembre 2020

 

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