The Blog
How Do You Research a Builder Before Buying Pre-Construction in Ontario?
In pre-construction, you're not really buying a condo. You're buying a builder's promise to deliver one, years from now, roughly as described. That makes the builder's track record the most important variable in the whole purchase, and most buyers spend less time on it than they spend choosing the flooring upgrade. Here's how to research a builder in Ontario properly.
What Is the 10-Day Cooling-Off Period for Pre-Construction Condos in Ontario?
Sign a resale offer and you're bound the moment the seller accepts. Sign for a new condo at a sales centre and Ontario law hands you an escape hatch: the 10-day cooling-off period for pre-construction condos in Ontario lets you walk away, no penalty, full deposit back. It's the single strongest consumer protection in the pre-con process, and buyers routinely waste it. Here's how to use it properly.
What Are Closing Adjustments on a Pre-Construction Condo? (And How to Cap Them)
Pre-construction buyers budget for the purchase price and the deposits. Then final closing arrives, and with it a statement of adjustments carrying thousands of dollars in extras many buyers never knew were coming. Closing adjustments on a pre-construction condo are where unprepared buyers get hurt, and where a good lawyer in your cooling-off period earns their fee many times over.