U.C. Tower 3

Tribute Communities is a long-established Ontario homebuilder with a broad portfolio of low-rise and high-rise communities across the GTA and Durham Region. RioCan Living is the residential arm of RioCan, one of Canada's largest real estate investment trusts, bringing mixed-use retail-and-residential expertise to the partnership behind this master-planned community.

Buying pre-construction in Ontario usually begins with registering for a project, which puts you in line for first access to floor plans and pricing when a release opens. Buying early in a release can matter, since the best-priced or most desirable suites often sell first.

Deposits are typically staged over time rather than paid all at once, with instalments due at signing and on set dates afterward. For new condominium purchases in Ontario, buyers also receive a 10-day cooling-off period after signing the agreement, during which you can review the paperwork with a lawyer and walk away if needed.

New condos also involve interim occupancy — a period when you can move in and pay occupancy fees before the building formally registers — followed by final closing, when title transfers and your mortgage begins. Because U.C. Tower 3 is already complete, timelines here may be shorter; confirm the specific deposit structure and closing details with the builder.