Canterbury Lanes

Buying pre-construction at Canterbury Lanes typically starts with registering for updates, which puts you in line for early access to pricing and release information. Getting in early in a release can matter in a small community like this one, where only 28 homes are available and inventory can move as units are sold.

Deposits on new-construction homes are usually structured in stages over time rather than paid all at once, with the specific schedule set by the builder. Because these are freehold townhomes rather than condominiums, buyers should review their agreement of purchase and sale carefully and understand the closing process, including any interim milestones before final closing.

Note that Ontario's 10-day cooling-off period under the Condominium Act applies to new condominium purchases and does not apply to freehold homes. For that reason, it's especially important to have a real estate lawyer review your agreement before signing. Details such as deposit terms will be confirmed by the builder.