Resources · Questions, answered

Everything you wanted to know.

From condo versus freehold to your PDI, Tarion warranty and seasonal items, the answers to the questions Ironstone buyers ask most.

The questions our buyers ask most.

Buying a new home comes with its own vocabulary, occupancy fees, PDI, CCP, Tarion enrollment. Here are clear answers to the questions we hear most often, from the basics of condo versus freehold ownership through to settling in after you take possession.

With a condo townhouse, you only own the interior of the home and will be required to pay monthly condominium fees. With a freehold townhouse, you own the interior and exterior of the home and the land it sits on.

Interim Occupancy refers to the time period between your Occupancy Date and the Final Closing Date for condominiums.

An Occupancy Fee is a monthly amount that is paid to the builder during the Occupancy Period. The Occupancy Period is the period of time commencing on the Occupancy Date to the Closing Date.

The Occupancy Fees include interest calculated on a monthly basis on the unpaid balance of the Purchase Price, an amount reasonably estimated on a monthly basis for realty taxes attributable to the Unit, and the projected monthly common expense contribution for that unit.

The PDI is an opportunity for us to educate you about how to operate your new home to ensure it runs smoothly and efficiently and become familiar with your new home.

The CCP, or Certificate of Completion and Possession, is issued to you after your Pre-Delivery Inspection (PDI) by an Ironstone representative. This document includes important information such as your home's enrollment number with Tarion, the Vendor Builder number, and the occupancy date, which marks the commencement of your home's statutory warranty.

It is best practice to enroll with Tarion after your Pre-Delivery Inspection (PDI).

Your Tarion Enrollment # and the Vendor/Builder # are located on the PDI Form and the CCP Form, both of which will be provided to you by an Ironstone Representative. Each warranty period starts on the date of possession.

You register and submit your Tarion forms through the MyHome Portal on the Tarion website.

You submit your 30-Day form through your MyHome profile on the Tarion website.

After PDI completion, instructions arrive via email. Contact your providers for hydro (electricity and water), gas, water heater rental, phone, internet and cable before closing.

Recycling bins may be available through your local municipal offices, or can be purchased at most hardware stores.

Registration on each development varies. Please note that subsequent to our submission, we do not know when the City of London will approve our registration, which would allow us to proceed with unit closings.

Concrete is composed of water and sand, and over time the water will evaporate and be released. This process is normal and anticipated. Shrinkage cracks measuring less than 6mm in width are not covered under warranty.

Shrinkage and settlement of the house are normal processes, which may lead to visible nail pops. While nail pops are not warrantable, they will be repaired at year-end (painting excluded).

Seasonal items include driveways, exterior paint, sod and grading. Depending on when your home is being constructed and when you take possession, there may be outstanding seasonal items for your property.

The Ironstone Building Company installs sod in blocks of homes. Sod installation occurs seasonally, typically between May and October.

Still have questions?

Our team is happy to walk you through anything, from your first visit to life after possession. Reach out and we'll get you the answers.

Ask your question