A number of you have been asking why construction hasn’t started on the actual buildings on The Headwaters site. While millions of pounds of rock have been moved, roads located, services brought to the site and docks made ready, where are the buildings?

Over the last number of months we have been working with Tarion Warranty Corporation to get approval to proceed. In Ontario, all new homes and condominiums built for sale or under a construction contract must be enrolled with Tarion prior to construction.

Tarion is a private corporation established in 1976 to protect the rights of new home buyers and regulate new home builders and they are responsible for administering the Ontario New Home Warranties Plan Act, which outlines the warranty protection that new home and condominium builders must provide, by law, to their customers.

Coverage under the Act includes deposit protection, protection against defects in work and materials, protection against unauthorized substitutions, and protection against delayed closings or delayed occupancies without proper notice. For condominiums, warranty coverage also includes common/shared areas of the building.

Now that we have received Tarion approval, we will now able to convert reservations into sales. Once five of these reservations have been converted into sales, construction will commence!

For information on the Tarion Warranty program go to www.tarion.com.