This is a shortlist of our most frequently asked questions. For more information about us, or if you need support, please call our support center.
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FAQ
Consult with your pre-construction.ca agent to ensure you’re buying from a reputable builder with a solid track record.
Delays can be caused by inconveniences that are beyond the builder’s control (such as labour strikes or poor weather conditions), but top-rated condo builders will always make it their mission to stick to the development timeline as closely as possible.
A typical deposit for a pre-construction condo suite for a Canadian buying from a builder is 20% of the purchase price. Your deposit is fully protected by the Condominium Act.
When buying a pre-construction condo from a reputable developer, your purchase fees will include a Tarion Warranty Corporation enrollment fee that provides deposit protection of up to a maximum of $20,000. This way, in the unlikely event that the condo project is not completed, the financial loss will be less significant.
Unobstructed south-facing views often make a great option for resale. Anywhere you can see the waterfront, the CN Tower or the downtown skyline will be extremely popular with buyers.
Toronto pre-construction real estate is sold in the following stages:
- FIRST release is to friends, family and business associates of the developers.
- SECOND release is to Platinum Realtors.
- THIRD release is to VIP Realtors.
- FOURTH release is to the developer’s registrants list
- FIFTH release is to public and general Realtors
