Broadway Glen

Buying a pre-construction townhome usually begins with registering for updates, which can give you first access to pricing and floor plans when a release opens. Getting in early in a release can matter, as initial phases sometimes offer the widest choice of lots and layouts before later releases.

Deposits on pre-construction homes are typically structured in installments spread over time rather than paid all at once, with the exact schedule set by the builder. Freehold townhomes generally move from a firm purchase agreement toward a final closing on completion, at which point you take ownership and begin any mortgage payments.

For freehold homes in Ontario, the statutory 10-day cooling-off period applies to new condominiums under the Condominium Act rather than to freehold townhouses, so review your agreement carefully and consider having a lawyer look it over before signing. Details specific to Broadway Glen will be confirmed by Maramel Homes.