The provincial government plans to introduce legislation this fall that would regulate the province’s home inspection industry in order to better protect consumers, Minister of Government and Consumer Services Marie-France Lalonde announced.
“Our government is committed to protecting consumers, which is why introducing this proposed legislation remains a top priority for my ministry. If passed, this proposed legislation will help to build a stronger foundation for the industry and even better protect consumers throughout the home-buying process,” Lalonde said.
If passed, the proposed changes would:
- Require home inspectors to be licensed with proper qualifications
- Set minimum standards for contracts, home inspection reports, disclosures, and the performance of home inspections
- Establish an independent Administrative Authority to administer and enforce the home inspection licensing legislation and associated regulations
These changes would ensure consumers benefit from quality advice, are protected from surprise costs and aware of safety issues before buying a home. This will also create a level playing field for the home inspection industry, preventing inspectors with little or no training from competing with qualified professionals by offering lower rates.
- Home inspectors are one of the only professionals involved in a real estate transaction who are not provincially regulated.
- Approximately 65 per cent of resale homes sold annually receive a home inspection.
- There are approximately 1,500 home inspectors in Ontario.
- The proposed legislation the government intends to introduce was based on 35 recommendations made by a 16-member expert panel which were then supported by both industry and consumers. – CINEWS