Document background
The New Construction Home Contract is essential for any new residential construction project in Canada, serving as the foundational agreement between a builder and a home buyer. This document is typically used when a purchaser contracts a builder to construct a new home, either in a development or on an individual lot. It includes detailed specifications for the construction, payment schedules, completion timelines, and warranty provisions, while ensuring compliance with federal, provincial, and municipal building regulations. The contract must adhere to provincial new home warranty program requirements and consumer protection laws, making it a crucial document for protecting both parties' interests throughout the construction process. It's particularly important in Canadian jurisdictions where specific statutory warranties and builder licensing requirements must be incorporated into the agreement.
