Land Services Group

Buying pre-construction from Land Services Group generally begins with registering your interest, then receiving floor plans and pricing when a release opens. After choosing a unit, you sign an agreement of purchase and sell and pay deposits in stages over a set schedule.

Before final closing, many projects have an interim occupancy period when you may move in while paying occupancy charges, followed by final closing and registration. In Ontario, buyers of new or pre-construction condos have a 10-day cooling-off (rescission) period under the Condominium Act. This does not apply to freehold houses, so townhome buyers should have a lawyer review their agreement before signing.

Pre-construction purchases typically let a buyer secure a unit with a staged deposit schedule, paying in instalments over the build period rather than the full price up front. Closing comes later, so the buyer's capital commitment is spread over time. This does not guarantee any outcome, and values and rents can move either way.

With a portfolio weighted toward townhomes, investors should look at local rental demand, comparable resale and lease listings, and how many similar homes are coming to market nearby. Compare each project's location, transit access, deposit terms, estimated occupancy and closing costs, and confirm financing options with a lender before committing.

First-time buyers should plan for the deposit schedule in a pre-construction agreement, which is usually larger in total than a typical resale deposit but paid in stages. Ontario and federal first-time buyer programs, such as the federal First-Time Home Buyers' Tax Credit and the Home Buyers' Plan, may help with costs, and eligibility rules change, so confirm current details with an advisor.

Registering early can give you access to project information, pricing and unit selection before wider release. Pre-launch events like the Livewell Friends & Family Pre-launch are examples of early-access stages, though availability varies.