How much deposit do I need for a pre-construction condo?

Deposits on new condos are generally paid in stages over the construction period and typically total more than a standard resale down payment. Review the specific deposit schedule in each project's agreement, and budget for closing costs on top.

Is Old Toronto a good market for investors?

It depends on the specifics of the project and neighbourhood. This is a condo-dominated market, so investors should evaluate new supply versus absorption, local rental demand, and the deposit and closing terms — rather than assuming any particular outcome.

What is the difference between interim occupancy and final closing?

With a condo, interim occupancy is when you move in and pay occupancy fees before the building is registered. Final closing happens later, when the building registers and title actually transfers to you.

Why should I register early for a development?

Registered buyers often get first access to floor plans and pricing before a wider public release. Registering early can improve your chance of securing lower-priced units and preferred layouts.

New homes & pre-construction in Old Toronto

Q: Is there a cooling-off period when buying a pre-construction condo?

Yes. Ontario provides a 10-day cooling-off (rescission) period for new and pre-construction condominiums under the Condominium Act, during which you can cancel and recover your deposit. This does not apply to freehold houses.

47 active developments in Old Toronto, Ontario — get pricing, floor plans, and first access before the public.

Active developments

$350,990 – $7,149,000

Starting-price range

3 types

Home types

Active builders

Condos (43)Townhomes (3)Single-family (1)Under $600K (13)$600K–$800K (10)$800K–$1M (7)$1M+ (12)

Old Toronto has 47 active new-construction developments on the platform right now, and the mix leans heavily toward condominiums: 43 condo projects, 3 townhome projects, and a single single-family project. Starting prices run from $350,990 at the accessible end up to $7,149,000 for the most exclusive addresses, so the range covers first-condo buyers and high-end purchasers alike.

Builders working in the area include Gairloch, Reserve Properties, Empire, Menkes, Lifetime Developments, Aspen Ridge Homes, Plaza, and Pinnacle International. Current projects give a sense of what's coming to market — Empire Quay House on the waterfront, Leaside Common, Westbend Residences, St. Clair Village, Savile on the Roe, and Forest Hill Private Residences among them.

What makes buying here distinct is the density of condo supply relative to ground-oriented housing. With freehold townhomes and detached homes in short supply, most new-build activity is vertical, which shapes both pricing and the buying process — including the legal protections that apply specifically to condos.

sellingcondo

10 Prince Arthur

North Drive

$5,590,000 – $6,695,000

sellingcondo

Garden District Condominiums

Sher Corporation and Hyde Park Homes

$499,000 – $1,219,900

selling

Load more (23 remaining)

Builders active in Old Toronto

Gairloch (3)Reserve Properties (3)Plaza (2)Aspen Ridge Homes (2)Pinnacle International (2)Menkes (2)Concord Adex (2)Lifetime Developments (2)Tridel (2)Empire (2)Mod Developments Inc. (1)Sher Corporation (1)

Buying new construction in Old Toronto

How buying pre-construction works in Old Toronto

Buying pre-construction here usually starts with registration, which puts you in line for first access to units and pricing ahead of public release. Once you choose a unit, you sign an agreement and pay a deposit in stages over the construction period. For condos, there's often an interim occupancy phase — where you take possession and pay occupancy fees before the building registers — followed by final closing, when the deal actually completes and title transfers.

Ontario gives condo buyers a specific safeguard: a 10-day cooling-off (rescission) period on new and pre-construction condominiums under the Condominium Act. During those 10 days you can cancel the purchase and have your deposit returned. Note that this protection applies to condos only — it does not cover freehold houses, which is worth keeping in mind given that most projects in Old Toronto are condos.

For investors: what matters in Old Toronto

Pre-construction purchases let a buyer secure a unit at today's price with a staged deposit rather than the full amount up front, effectively controlling the property over the construction timeline while paying in installments. That structure is the core mechanic investors evaluate, but it comes with carrying considerations, closing costs, and the time risk of a multi-year build.

Before buying in Old Toronto, weigh the local factors that actually matter: the balance of new supply against absorption (this is a condo-dominated market — 43 of 47 projects here are condos), rental demand in the specific neighbourhood, and how a given home type fits that demand. Read the deposit schedule, occupancy terms, and any assignment or leasing restrictions in the agreement. None of this predicts what a unit will be worth later — it's about understanding the costs and obligations before you commit.

Old Toronto new-construction: common questions

What is the price range for new construction in Old Toronto?

Starting prices across the 47 active developments run from $350,990 to $7,149,000 CAD. The lower end typically reflects entry-level condo units, while the top end represents high-end residences.

What types of homes are being built in Old Toronto?

The market is heavily condo-focused: of the 47 active projects, 43 are condominiums, 3 are townhome projects, and 1 is a single-family project. Ground-oriented housing is limited compared with condo supply.

Which builders are active in Old Toronto?

Active builders on the platform include Gairloch, Reserve Properties, Empire, Menkes, Lifetime Developments, Aspen Ridge Homes, Plaza, and Pinnacle International.

What are some current pre-construction projects here?

Sample projects include Empire Quay House, Leaside Common, Westbend Residences, St. Clair Village, Savile on the Roe, and Forest Hill Private Residences.