Welcome to Ohio Towers! This centrally located condominium is perfect for the first-time home buyer, savvy investor, single professional or retiree. Enjoy this amazing and affordable two bedroom, one bathroom condo, ready to move in and enjoy. Walk right in and appreciate the light kitchen with appliances included and pass-through window. This unit has laminate flooring throughout. Both bedrooms ...

Newly built homes have all the appeal of the most up-to-date styles and features along with details you have a chance to choose yourself, like countertops, cupboards, and window coverings. Because they are making the biggest purchase of their life, home buyers deserve protection that ensures they receive what they pay for. For instance, a resale home buyer can schedule a home inspection to help identify structural problems with a house they don’t immediately see.

But how do you identify problems with a home that hasn’t yet been built? Who protects you if you buy a home that never actually gets built?

In the interests of protecting the buyers of new build homes, Tarion Warranty Corporation was created to provide warranties, create rules, regulate builders and mediate problems between buyers and builders. Now, however, it’s become clear that Tarion’s many (often conflicting) roles prevent it from protecting the interests of buyers. Many real estate lawyers feel that the current Tarion program is closer to the builders than the public, and a new, non-profit regulatory body will address issues like construction delays. A customer might buy a pre-construction home and then find their occupancy date pushed back months longer than they planned for, bringing additional costs if they are forced to find alternative accommodation until their home is complete. The maximum a buyer gets if a new-build project fails to go through is $20,000 for condos or $40,000 for houses--even if the required deposit was double those amounts. New regulations would ensure that the buyer receives back more of their deposit in the event a building project is cancelled.

What does this mean for you? Ideally, once a new regulatory body is established, if you fall in love with a model home pre-construction you will have additional protection in the event that the completion of your house is delayed and you can’t afford to wait.

Read more on the future of Tarion at CBC

No-one should have to spend time they could otherwise be enjoying their new home by making court appearances and paying legal fees. To help potential condo buyers, here are a few hints to help you spot a scammer.

This generously sized 3 bedroom, 3 bathroom Richcraft Carlisle LE model was built in 2008 and shows like a true model home. Soaring 9' ceilings on the main level with tile and hardwood flooring, and a wonderful view out to the fully fenced yard with custom deck that backs onto expansive land. No rear neighbours! The bright, white kitchen is perfect for the chef of the house and ideal for ...

A luxurious condo situated steps away from the O-train and Dow's Lake in the heart of Little Italy! Well appointed 2 bedroom, 2 bath condo with approximately 1000 sq feet including a balcony with a gas line for your BBQ. There are over $20 K in stunning, practical renos to this great layout with open concept kitchen, living and dining spaces. Contemporary kitchen with glass tiled backsplash, ...