Eden Oak Homes

Buyers usually register interest first, then receive access to availability and pricing when a release opens. After choosing a home, you sign an agreement of purchase and sale and pay deposits on a staged schedule. For condos and some townhomes, interim occupancy may come before final closing, when ownership is registered and the balance is due.

In Ontario, a 10-day cooling-off (rescission) period applies to new or pre-construction condos under the Condominium Act. It does not apply to freehold houses, so buyers of single-family homes should have their agreement reviewed before signing.

Pre-construction purchases let a buyer secure a unit or lot at an agreed price and pay deposits in stages over the build period, rather than the full price upfront. Closing usually comes years later, and the market may be different by then. Nothing about future value or returns is guaranteed.

With Eden Oak Homes, evaluate each project on its own: the home type (condo, townhome or single-family), local rental demand, how much comparable supply is nearby, and carrying costs until closing. A recreational location like The Blue Mountains or Port Severn can behave very differently from Etobicoke or Halton Hills. Read the agreement, deposit schedule and any assignment terms carefully, and consider independent legal and financial advice.

Deposits on pre-construction homes are typically paid in instalments, so you need to plan for cash flow over the build period as well as for closing costs. Exact amounts are set by the builder in each agreement. Ontario and federal first-time buyer programs may apply to eligible purchases, but eligibility rules change, so confirm current details with a lawyer, lender or the relevant government site.

Registering early can give you first access to pricing, floor plans and unit selection before wider release, which matters in projects with limited inventory. Registration is generally not a commitment to buy.