Parade of Homes

By Jim Timlick MHBA MEMBERS have you covered >> MANITOBANS WILL HAVE TO WAIT two more years for provincial legislation aimed at protecting all new home buyers to come into effect. The New Home Warranty Act was passed by the former NDP government in 2013 and made warranties mandatory for all new homes sold in Manitoba. It was expected to be implemented on Jan. 1, 2017, but the Progressive Conservative government announced in November 2016 that it would be delayed until January 2018 to allow more time to complete testing and training for an online registry, considered a key component of the legislation. In November 2017, the government said it will defer implementation a second time, until Jan. 1, 2020, to ensure it provides adequate protection for home buyers and respects home builders. Lanny McInnes, president and CEO of the Manitoba Home Builders' Association, says MHBA members had expected the Act to be implemented by now, but support the government's decision to delay it. "In their discussions with us they indicated there were concerns in terms of how this new provision would be administered from a municipalities point of view. There were also some concerns in terms of the ability … and resources available to administer it internally," he says. "We didn't oppose a deferment. We would rather things were a little more condensed in terms of bringing it into place, but we understand the province still wanting to do some work on this. We also think there's some fine-tuning that can be done in advance of it coming into effect." Despite the most recent delay, new home buyers in Manitoba won't be left unprotected in the interim. All MHBA members must carry third-party warranty coverage on all new homes they build. These warranties cover any defects in materials, labour, design and structural components and are typically arranged for by the builder. NEW HOME WARRANTY 24 Parade of Homes Spring 2018 Discounts available: age (30+), seniors (50+), discounts for good credit, non smokers, mortgage free, claims free, alarm, new hot water tank, first time insured. 100+ YEARS OF COMBINED INDUSTRY EXPERIENCE. CALL (800) 817-8145 kinginsurance.com WHAT WE OFFER: the best rates available. "Unlimited" sewer backup, no requirement to rebuild, no policy deductible. We also offer overland flood, seepage coverage, claims free discount protection. WE ALSO PROVIDE COVERAGE FOR: high value homes, timber frame or log construction, homes under construction or major renovation. WHAT WE DO: a complete review of your policy to ensure you are getting the discounts and insurance protection you deserve. An annual review of your policy limits to protect you from being "under insured". Are YOU covered by king? Protecting you and your biggest investment.

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