A material defect is a problem the seller actually knows about that a reasonable buyer would want to know, such as past flooding, a structural repair or an unpermitted renovation. Sellers are not obligated to disclose problems they genuinely do not know exist.
Withholding a known defect can expose a seller to a claim after closing, since Saskatchewan courts have held sellers liable for failing to disclose a defect they were aware of and actively concealed rather than simply overlooked.
Joel Dyck helps Saskatoon sellers complete an honest disclosure statement that protects them after closing. Get your hand-reviewed valuation from Joel Dyck.