About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Thursday, May 11, 2017

Ontario will now require licenses for home inspectors

In its latest move, the Ontario government has passed the Home Inspection Act 2017, which introduces minimum standards for home inspection contracts, home inspection reports, disclosures, and the performance of home inspections.

The legislation will now require professionals to be licensed and insured before conducting home inspection. Moreover, written contracts must be signed with the owners of the inspected properties, and written reports must be delivered after inspection.

Industry players lauded the enactment of the bill.

“This is a crucial, necessary step,” according to Dan Steward, president and CEO of Toronto-based firm Pillar To Post Home Inspectors.

“Can you imagine finding out that your dentist took a one day course in dentistry? Your home is your single biggest investment so you absolutely have to protect it with a thorough home inspection before putting down your hard earned money,” Steward added.

“It’s also crucial to have the inspection before you buy, but with the current situation we see many would-be homeowners bypassing the inspection process and foregoing the contingency so they don’t lose the home to another bidder.”

Canadian Association of Home and Property Inspectors president Graham Clarke noted that the legislation will hopefully pave the way towards a greater emphasis on inspections as a vital part of the purchase process/

“Missing major items can cause a lot of issues,” Clarke said. “This is such an important issue at the moment in so many Canadian markets that we are emphasizing special offers to realtors to have one of our home inspectors come out to the new homeowner right after closing. If they find problems early enough, repairs can be, hopefully limited to a minimum.”

“With such a supply and demand issue, it is a real dilemma for realtors as well. They want to protect their buyer clients from making a huge mistake which could mean thousands of dollars in repairs later down the road, but they also don't want to lose the insistent client. They can only do their best to assert their warning on the dangers of buying without a home inspection,” Clarke concluded.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

No comments:

Post a Comment