Since joining the Drewlo Family of Companies in 2005, Stuart Hansen has been a leader in the company’s Asia Pacific and international investments divisions while developing partnerships with investors from China and other Asian countries. Stuart Hansen is vice president at Marquee Asset Management, LLC, where he was responsible for setting up operations in California and currently manages investments of Asian partners including China in various real estate ventures.

1. Overview of the
Tarion New Home
Warranty Program
STUART HANSEN

2. Introduction
Since joining the Drewlo Family of Companies in 2005, Stuart Hansen
has been a leader in the company’s Asia Pacific and international
investments divisions while developing partnerships with investors from
China and other Asian countries. Stuart Hansen is vice president at
Marquee Asset Management, LLC, where he was responsible for setting
up operations in California and currently manages investments of Asian
partners including China in various real estate ventures.
Marquee Asset Management is owned by Drewco Development Corp,
and Allan Drewlo, who has founded and managed successful real estate
firms including Ironstone Building Company. Ironstone Building
Company has been a registered builder with the Tarion New Home
Warranty Program since 2010, providing a reliable home buying
experience in London, Ontario.

3. Home Warranty
Formerly known as the Ontario New Home Warranty Program, the
Tarion New Home Warranty Program is designed to provide coverage
for new buyers including protection for deposits, protection against
financial loss for contract homes, and protection against unauthorized
substitutions. The warranty coverage also provides compensation for
delays in closing or occupancy, one and two-year warranties for defects
in workmanship and materials, and a seven-year warranty for structural
defects.
For new homes and condominium units, the warranty will grant a
maximum statutory coverage of $300,000. Shared areas in
condominiums will receive a maximum coverage of $2.5 million and a
minimum of $50,000 multiplied by the number of units. Any damage
caused by environmentally harmful substances is covered to a
maximum of $15,000, while coverage for septic tanks goes up to
$25,000.