Find Your Dream Home Before It's Built

Pre-construction real estate refers to homes, condos, and townhomes that are sold before they are built. Buyers secure units at current market prices with flexible deposit structures, often benefiting from VIP pricing, developer incentives, and significant equity appreciation by the time the project is completed.

Deposit structures vary by builder and project, but typically range from 15% to 25% of the purchase price, spread over the construction timeline. Common structures include 5% at signing, 5% at 30 days, 5% at occupancy, and the balance at closing.

Pre-construction can be an excellent investment in Ontario due to strong population growth, limited housing supply, and historically rising property values. Buyers lock in today's price and may see 10-20% or more in equity growth before closing. The Tarion warranty also provides built-in protection for new home buyers.

Top cities for pre-construction in Ontario include Toronto, Mississauga, Brampton, Vaughan, Milton, Oakville, Hamilton, Ottawa, Markham, and Scarborough. Each city offers a different mix of condo, townhome, and detached home communities with varying price points and growth potential.

Under Ontario's Condominium Act, buyers have a 10-day cooling-off period after signing a purchase agreement for a pre-construction condo. During this period, you can cancel the agreement for any reason and receive a full refund of your deposit, minus a small administration fee.