Updated over 9 years ago on . Most recent reply
Ross McKenziePoster
- Real Estate Investor
- Vancouver Island - Salt Spring Island, BC
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BC Canada Seller Obligated to Give Buying Home Warranty Insurance
RE: HOME WARRANTY PROTECTION provided by seller required by law.
Little known risk is BC Canada: Sellers are obliged to provide buyer with "Home Warranty Protection" Insurance when if they have performed a significant amount of renovations. Are any of our Canadian Pros willing to share information in this regard? I expect that it is whatever the seller acquired a Building Permit for is what they must offer the warranty for. And it is my understanding that the cost of such Warranty coverage is so cost prohibitive that it discourages sellers from selling their renovated home within a 10 year period, (after which seller-financed warranty is not required).