Bond

Buying pre-construction in Ontario typically starts with registering with the builder or a sales representative to get early access to floor plans, pricing, and availability before a project is broadly marketed. Early registrants often have first choice of unit types and locations within a development, which can matter in a project like Bond where specific details are still being finalized.

Deposit structures for pre-construction homes in Ontario are generally staged over the period between signing the agreement and occupancy, with payments due at set intervals rather than all at once. For townhouse and freehold projects, closing typically happens on final closing rather than through an interim occupancy period, though this depends on the specific ownership structure of the project, which has not yet been confirmed for Bond.

If Bond is ultimately structured as a condominium (including a condo townhouse), Ontario's Condominium Act provides purchasers with a 10-day cooling-off period after signing an agreement of purchase and sale, during which the buyer can rescind the deal. This protection applies specifically to condo purchases, so it's worth confirming the ownership type directly with the builder once available. Buyers should always review the agreement of purchase and sale carefully, ideally with a real estate lawyer, before making a purchase decision.