Pemberton Group

Most pre-construction sales begin with a registration period, followed by a first-access release to registrants. If you proceed, you sign an agreement of purchase and sale and pay deposits in installments on a set schedule. Many condo projects then move to interim occupancy, where you move in and pay occupancy fees before the building is registered. Final closing follows once the unit title can be transferred.

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. Have a lawyer review the agreement within that window.

Pre-construction purchases typically let a buyer secure a unit with staged deposits over the build period instead of paying the full price up front. Closing happens later, so the buyer's capital commitment is spread out over time. That structure also carries risk, including changes in market conditions and timelines between signing and closing.

With Pemberton Group's listings mostly condos, investors should look at local rental demand, the amount of competing condo supply nearby, suite sizes, expected maintenance fees and the project's location relative to transit and employment. Review the disclosure statement and agreement carefully. Nothing here predicts appreciation or rental returns.

Deposit requirements are set by each builder and project, and they are usually paid in stages. Ask for the full deposit schedule before you commit, and budget for closing costs as well. First-time buyers in Ontario may be eligible for programs such as the federal First Home Savings Account or land transfer tax rebates. Eligibility rules change, so confirm current details with a lawyer or official sources.

Registering early can matter because builders often release suites to registrants first, sometimes with a better choice of floors and layouts. Registration doesn't commit you to buy.