Valleylands of Sixteen Mile Creek

Buying a pre-construction freehold home typically begins with registering for early access, which puts you in line for information on releases and pricing before homes are widely marketed. Because this community has only 21 homes, early registration can matter for selection.

Purchases are usually secured with a deposit paid in staged instalments over time, following a schedule set by the builder. For a freehold home like this, you'll generally sign an agreement of purchase and sale and work toward a final closing when the home is complete and ready to occupy, rather than an interim occupancy period.

In Ontario, the statutory 10-day cooling-off period applies to new condominiums under the Condominium Act and does not extend to freehold homes. For that reason, it's wise to review your agreement carefully with a lawyer before signing. Deposit structures and other specifics will be confirmed by Fieldgate Homes.