Park and Lake

Buying a new home before or during construction usually begins with registering for first access, which puts you in line to review floor plans, lot choices, and pricing as the builder opens each release. With only 20 homes at Park and Lake, early registration can matter, since limited-run communities often move quickly through their available plans and lots.

For freehold homes in Ontario, the purchase typically involves a signed agreement of purchase and sale and a deposit paid in staged installments over time, with amounts and timing set by the builder. Note that the 10-day statutory cooling-off period under Ontario's Condominium Act applies to new condominiums, not to freehold homes like these; a freehold agreement is generally binding once signed, so it is wise to review it carefully with a lawyer beforehand.

Closing on a freehold home happens on the final closing date, when title transfers and you take possession. Buying early in a release can give you more choice of plans and lots, though it is not a guarantee of future value. Deposit structures and other specifics will be confirmed by the builder.