Freed Developments

Buyers typically register their interest, get first access to available units and pricing, then sign an agreement and pay deposits in stages. Before final closing, many projects have an interim occupancy period where the buyer moves in and pays occupancy fees while the building is being registered. Final closing follows, when the balance is due and title transfers.

In Ontario, new and pre-construction condos carry a 10-day cooling-off (rescission) period under the Condominium Act. This does not apply to freehold houses. Have a lawyer review the agreement within that window.

Pre-construction purchases generally let a buyer secure a unit with a staged deposit schedule, then pay the balance at closing, often years later. That structure spreads out the capital commitment, but it also means the buyer carries market and financing risk until completion.

When evaluating Freed Developments projects, consider local factors. Old Toronto and Barrie have different rental demand than resort areas such as Muskoka, Huntsville and Blue Mountain, where seasonal use and rental rules may matter. Look at nearby supply, the home type (condo or townhome), the fees and carrying costs, and the rental or resort program terms, if any. Nothing here predicts appreciation or returns, so review the disclosure documents with a lawyer.

Ontario first-time buyers should plan for staged deposits, usually paid in installments after signing, in addition to closing costs. Exact amounts vary by project and are set out in each agreement of purchase and sale. Government programs, such as the federal First Home Savings Account or Ontario and federal land transfer tax rebates for eligible first-time buyers, may help, so check current eligibility.

Registering early can matter because builders often open sales to registrants first, which can mean earlier access to floor plans and pricing before a wider release.