It is estimated that 50% - 70% of consumers use a Home Inspector as a part of their real estate transaction. As the industry stands today, anybody can call themselves a Home Inspector. Frankly, this poses not only a financial risk to the consumer, but potentially a safety risk as well.
In December 2013, the Minister of Consumer Services put together a 16 member panel of experts to explore ways to accomplish the following:
- Strengthen consumer protection
- Improve the consistency of Home Inspections
- Ensure a minimum standard of training
- increase transparency of the profession
With the public's interest in mind, the panel which included home inspectors, consumer advocates, educators and other professionals in Real Estate, Law and Insurance, unanimously agreed on the following:
- Regulation of Home Inspectors
- Technical Standards for Home Inspections
- Professional Home Inspector Qualifications
- Consumer protection requirements
- Regulatory governance for Ontario's Home Inspection Industry
The Government is looking for feedback from the public. Click here for the full report and access to provide input.