38-42 Finch West Condos

Buying pre-construction differs from purchasing a resale home. The process usually begins with registering for early access, which can put you in line for information and floor plans before a wider public release. Buying early in a release sometimes offers a broader choice of layouts and floor levels, though nothing about future value is guaranteed.

Deposits on new condos are typically paid in stages over time rather than all at once, with the structure set by the builder and confirmed in your purchase agreement. New condos in Ontario also involve an interim occupancy period — when you may move in and pay occupancy fees before the building formally registers — followed by final closing, when title transfers to you.

In Ontario, buyers of a new pre-construction condominium have a 10-day cooling-off period under the Condominium Act, during which you can review the disclosure documents and, if you choose, cancel the purchase. Always review all documentation carefully and seek independent legal advice before committing.