If you bought a condo built between 1995 and 2007, there is a good possibility that there is Kitec plumbing in the building.
What is Kitec Plumbing and should you be concerned?
Kitec plumbing was used at the time because it was cheaper than copper. Unfortunately, it had a tendency to corrode and so there was a $125 million class-action lawsuit brought against the manufacturers.
To learn about what Kitec plumbing is, the risks and how to fix it, please watch the interview with Michael Schmidt from House Master.
If you need help with your home inspection, contact Michael Schmidt at (416) 302-0082
If you have any questions about Mississauga real estate, please call or text Lawrence at (416) 276-4895.
Lawrence Mak Real Estate Broker EXP Realty, Brokerage
In November 2024, the average home sold for $1,106,050.
This is down -2.57% from last month and up +2.2% from last year.
There were 5,875 sales in November which is +40.08% higher than in 2023.
In October 2024, the average home sold for $1,135,215.
This is up +2.52% from last month and up +0.8% from last year.
There were 6,658 sales in October which is +44.39% higher than in 2023.