Cachet Homes

Buyers usually register interest first, then get access to pricing and availability, select a home, and sign an agreement of purchase and sale. Deposits are paid in stages. For townhomes, there is often an interim period or construction phase before final closing, when the title transfers and you pay the balance.

In Ontario, a 10-day cooling-off (rescission) period applies to new and pre-construction condos under the Condominium Act. It does not apply to freehold houses, so freehold townhome buyers should have a lawyer review the agreement before signing. Whether a given Cachet Homes townhome is freehold or condo tenure should be confirmed on the project page or with the builder.

Buying pre-construction usually means paying a deposit in stages over the build period instead of the full price up front, which lets a buyer secure a home at an agreed price well before closing. That timeline also means the market at closing may differ from the market at signing, and no outcome is guaranteed.

When evaluating a Cachet Homes townhome, compare the city, nearby supply of new and resale homes, local rental demand, and the carrying costs through to closing. Review the agreement for assignment terms, closing timelines and any fees. Because all four projects are townhomes, comparing them against each other and against local resale townhomes is a practical starting point.

Pre-construction purchases typically require a deposit paid in installments, and the amount and schedule are set in each project's agreement. Ask the builder for the exact figures and make sure you can meet them, along with closing costs and mortgage qualification at closing.

Ontario and federal first-time buyer programs may apply to new homes, such as the federal First Home Savings Account and land transfer tax rebates, but eligibility rules and limits change. Confirm current details with a lawyer or mortgage professional. Registering early can give you first access to pricing and floor plans before units are released more widely.