797 O'Connor Drive Condos

Buying a pre-construction condo in Toronto usually begins with registering your interest so you can access the earliest release of suites and pricing. Early buyers often see the widest choice of floor plans and layouts before a project sells through its initial phases.

Deposits on new condos are typically staged over time rather than paid all at once, following a schedule set by the builder. After construction is substantially complete, buyers usually take interim occupancy — moving in and paying an occupancy fee — before final closing, when the unit is registered and title transfers.

In Ontario, buyers of a new condominium are protected by a 10-day cooling-off period under the Condominium Act, during which you can review your agreement and disclosure documents and cancel without penalty. Specific deposit terms and dates for this project will be confirmed by the builder.