South Banks

Buying pre-construction begins with registration — putting your name on the list, as you can now do for South Banks, to receive first access to pricing, floor plans, and Sales Gallery appointments ahead of the general public. Registering early can matter, since builders often release homes in phases and the earliest releases sometimes offer the widest choice of layouts.

Pre-construction deposits are typically staged over time rather than paid all at once, following a schedule set by the builder. For freehold homes like townhomes, buyers should also understand the difference between the anticipated occupancy date and the final closing, both of which will be outlined in the purchase agreement.

Note that Ontario's 10-day cooling-off period under the Condominium Act applies to new condominium purchases. Depending on how South Banks is structured, that protection may or may not apply, so review your agreement carefully and consider independent legal advice before signing.