Strata Tip of the Week – New Home Warranties in Strata Corporations
The BC Home Owner Protection Act requires that all newly built homes (including strata properties) or buildings that have been substantially reconstructed be covered by third-party new home warranty insurance. You may often hear this referred to as the “2-5-10 New Home Warranty”. Basic coverage includes: 15 months for defects in labour and materials 2 years for building cladding and delivery systems (plumbing, HVAC,…
