The Dennis

Buying pre-construction in Toronto usually begins with registering early for a project, which can provide first access to information and unit releases as they become available. Early registrants are often among the first contacted when pricing and floor plans are confirmed.

Deposits on new construction condos are typically structured in stages over time rather than paid all at once, and the exact schedule for this project will be confirmed by the developer. Buyers should also understand the difference between interim occupancy — when you may move in before the building is registered — and final closing, when title transfers.

In Ontario, purchasers of a new condominium have a 10-day cooling-off period under the Condominium Act, during which you can review your agreement and supporting documents before your purchase becomes firm. This is general information and not financial or legal advice; confirm all specifics with the builder and your own professional advisors.