Kitec plumbing continues to cost Toronto condo-owners thousands of dollars a year.
The plumbing, which was marketing as resistant to corrosion, is actually prone to corrode at an accelerated rate. A plumbing recall has been issued for the piping, which was used in condos built between 1995 and 2007.
Kitec will reportedly cause leaks or even burst, potentially causing devastating damage to a home. Home insurance covers water damage as long as the owner is found to not be at fault, but owners who are aware of the risk must figure out how to afford the $5,000 to $10,000 repair fee per unit.
Given the Kitec headache, it’s not a surprise some see opportunity.
Enter Claude Boiron, owner of the Boiron Group, a realty in Toronto who has pledged to pay for people’s kitec repairs as long as they’ve bought or sold a property through his brokerage.
In a brief press release, Boiron explained that he wanted to take some of the burden off of condo owners who “are wondering how they will be able to afford this unforeseen cost or how they will be able to sell their condos with a Kitec crisis stated on their status certificates.”
The Kitec bailout offer stands for Boiron Group clients who sell their condo with him and buy a new home through him as well. Boiron is already looking to partner with realtors across Canada to join him in his crusade. Condo owners can find out more at Kiteccrusader.ca.
Of course, regardless where you want your condo, it’s important to find out if your unit could have Kitec piping. Those affected were built between 1995 and 2007, or were renovated in those years.
Kitec can be identified by its bright orange or bright blue piping, with lettering of KTC or Kitec directly on the pipe.