Home warranty in Canada?

[Pat]

I have noticed that many homes sold in the US come with a home and asset protection warranty (usually for 1 -5 years.) It seems like a means of offering a trouble-free investment to buyers. I don`t mean a new home warranty but rather one placed on existing houses.

Does anyone know if this is available in Canada?

 

[MikeMcCrae]

Yes it does. Some of the lenders offer such a product. Talk to your Mortgage Agent and see what they can find out for you.

 

[RanjitPlaha]

Are you talking about a warranty on furnace, water heater, plumbing, electrical and the like???

If you are, read the contents of the package very carefully!
I had one on a property and the wording was confusing. Essentially I got $450 whereas I thought I was getting a new furnace and AC, cost me over $4000 for new furnace and AC.

If you are looking to get it, I can help you go over it (the best I can).
Good luck.

 

[adamturner]

There definately is a form of warrantee that can come on new homes being built, but is provided by the builder. Some builders do it, some dont.

Specifics vary across Canada.

 

[Pat]

Thanks, all for the feedback. Ranjit, I was considering offering a warranty as part of an investor package that would create a "trouble free" investment.

(Is there such a thing?)