Pre-Construction Frequently Asked Questions
Quick answers to the questions Ontario buyers ask most. For detail, follow the links to each full guide.
Frequently Asked Questions
What is pre-construction?
Buying a home before it's built, directly from the builder off a floor plan, paying your deposit over time and closing months or years later. See our What is Pre-Construction guide.
How much deposit do I need?
Usually about 15–20% spread over the first year for end-users; investors and non-residents often need 20–35%.
What is interim occupancy?
For condos, the period when you move in and pay an occupancy fee before you legally own the unit at final closing.
Is my deposit safe?
Yes — new-condo deposits in Ontario are held in trust and protected under the Condominium Act and Tarion, up to program limits.
Do I pay HST?
New homes include HST, but end-users usually have the New Housing Rebate applied by the builder, so it's in the advertised price. Investors pay HST at closing and claim the rental rebate.
Can I sell before closing?
Often via an assignment sale, if your contract allows and the builder consents — usually for a fee, with possible tax/HST.
Does it cost me anything to use your team?
No — the builder pays the agent commission. You get VIP/Platinum access, the best floor plans, and contract guidance at no cost to you.