The Toronto Star has, in my opinion, published the first informed report on the Home Inspection profession.
The Housing market in Ontario is creating massive damage to the Home Inspection Profession, but more importantly it is leaving many consumers without any protection at all.
In July, there was, according to OREA, 22,613 homes sold in Ontario. It is estimated that only 7,000 of those homes were inspected as part of the Real-Estate deal.
Even so, with those 7,000 inspections, how many hit the headlines as being badly inspected? In 2015, the Ministry of Government and Consumer Services received 100 complaints from the public about poor inspections. That was for the whole year!
At the present point in time, according to Point2Homes, there are 39,821 homes on the MLS market in Ontario. If only 30% of these get inspected, that means another 27,874 Ontario families will be putting themselves at risk by not having a home inspection. When extrapolated over the sales this year (OREA figures) over 151,486 families have chosen to take a chance on the biggest investment of their lives by buying a home without an inspection.
Tess Kalinowski, Real-estate reported for the Toronto Star, has published probably the first report in the press that is starting to identify that perhaps the home Inspection profession is not manned by the dumb klutzes we’ve been made out to be in the past, and that perhaps the risks consumers are taking with the waiving home inspections is a risk they really shouldn’t be taking.
While I recognise that there are some on this board that think OntarioACHI is a pariah, we are at least pushing this message to the press and the government, as well as other agencies in order to get our profession recognised as being better than portrayed in the past.
As for Tess’s report, two interesting points are highlighted, both by a Realtor,
- “It’s probably better to invest $500 or $600 now and not get it, <than> to get the property and have to put in thousands of dollars on repairs you had no idea about” and
- 'Some TV portrayals of home inspectors are unfair. (<we all know who he is talking about there> ‘They can’t see through walls,’ a client whose inspection showed a house had updated wiring. But it turned out to be entirely knob and tube. The previous owner had gone through and attached new wires to the old at the points an inspector could check. ‘A buyer is going to be annoyed with the home inspector. But the reality is, it would have been impossible for the home inspector to know that,’ The realtor said"
Thanks Tess, your report has been long overdue and is very much appreciated.