Province protecting new-home buyers

Winnipeg Free Press - PRINT EDITION

By: Bruce Owen

Posted: 1:00 AM | Comments:

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FULL CLOSE CUT CLOSECUT - WAYNE.GLOWACKI@FREEPRESS.MB.CA Homes Sold 71 Greene Ave. Winnipeg Free Press Nov.15 2010 House home.

Buying a new home?

The Selinger government is bringing in a new set of rules that will cost you a bit more but go a long way in protecting you in case you move into a money pit.

The NDP introduced the new-home warranty act on Thursday with the goal of it being in place in several months. Many new-home buyers get a warranty from their builder already, but the new law will make it mandatory for everyone.

"It will cover major things that could go wrong," said Healthy Living, Seniors and Consumer Affairs Minister Jim Rondeau. "These could be thousands of dollars. It's protecting people in the future from these huge costs that could happen."

Rondeau said that all new-home builders would be required to secure a warranty on new houses and condominium properties issued by a third-party warranty provider such as an insurance company.

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Province protecting new-home buyers