Lancaster Homes

Buyers typically register interest first, then receive access to pricing and availability, select a home or lot, and sign an agreement with an initial deposit. Further deposits follow on a set schedule. For condos, buyers often take interim occupancy before the final closing once the building is registered; freehold homes generally close when construction is complete.

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, so single-family purchases should be reviewed carefully before signing.

Pre-construction purchases typically let a buyer secure a home with a staged deposit schedule, then close once the home is built. That means capital is committed over time rather than all at once, but it also means you carry the purchase until completion.

Before buying, compare the home type (condo versus single-family), the local supply of similar homes, likely rental demand in Angus, Houston or Oshawa, and total carrying costs such as closing costs and occupancy fees. Review the agreement carefully. Values and returns are not guaranteed.

Deposits on pre-construction homes are usually paid in stages, so confirm the exact schedule and the amount due at signing for each project. Ontario has well-known first-time buyer programs, and eligibility depends on your situation and the purchase price, so check current rules with a lender or advisor.

Registering early can give you earlier access to pricing, lot or unit selection and floor plans before availability narrows, which matters in projects with limited lots remaining.