Humber/Ontario Real Estate Course 1 Exam Practice

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How does the Ontario New Home Warranty Program (ONHWP) apply to condominiums?

  1. Covers newly constructed and eligible condominium conversion projects

  2. Covers only newly constructed condominiums

  3. Does not provide coverage for condominiums

  4. Covers condominium conversions involving existing residential buildings

  5. Provides coverage only for luxury condominiums

  6. Excludes condominiums from all coverage

The correct answer is: Covers newly constructed and eligible condominium conversion projects

The Ontario New Home Warranty Program (ONHWP) applies to newly constructed and eligible condominium conversion projects. This means that when a residential building is newly constructed or converted into condominiums, the ONHWP provides coverage to protect buyers against certain defects and issues with their units. This coverage helps ensure that buyers have peace of mind when purchasing a new condominium, knowing that they are protected under the warranty program. This is why option A is the correct answer. Options B, C, E, and F are incorrect because they do not accurately reflect how the ONHWP applies to condominiums. Option B limits the coverage to only newly constructed condominiums, while option C states that the program does not provide coverage for condominiums, which is inaccurate. Option E specifies luxury condominiums, which is not a requirement for coverage under the program. Option F is also incorrect as it states that condominiums are excluded from all coverage, whereas in reality, the ONHWP does provide coverage for specific types of condominium projects.

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