Pre-Construction Buying Guide
Buying a pre-construction home in Canada can get confusing. This step-by-step guide walks you through the whole process — from your first deposit to final closing.
- Part 1: Initial DepositPart 1 – You’ll learn about the amount of initial deposit you must pay to secure a unit, taxes, and your rights as a pre-construction buyer in Canada.
- Part 2: 10-day Cooling Off PeriodPart 2 – Act within your rights if you feel buying a pre-construction property right now wasn’t the right choice. We go in detail how to effectively use this time.
- Part 3: Development LevyPart 3 – You might have to pay additional funds to cover development costs of your new neighbourhood. Learn more here.
- Part 4: Pre-Occupancy PeriodPart 4 – With your pre-construction unit almost ready to move in, the developer starts the pre-occupancy period. Read our guide to learn more.
- Part 5: Final ClosingPart 5 – Final closing is here and you are almost ready to become a happy, new owner of a new property. Read this before your journey ends.
- Part 6: What Is The Role Of A Realtor In A Pre-Construction Purchase? Canada has a thriving pre-construction industry. Cities like Toronto, Vancouver, and Montreal are hubs for some of the most sought-after projects, where innovation…
- Part 7: Pre-Construction SafeguardsUnderstand your rights as a pre-construction buyer in Canada from the 10-day cooling off period to the Condominium Act.
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