Precon
Pre-construction homes often take years from signing to moving in, so the contract, deposit schedule and builder's background all need a careful look first. Here's what you need to know before and after buying pre-construction. Our articles are currently in Chinese, with English versions on the way.
Pre-construction Basics
Pre-construction means buying a home before it is built: you pay the deposit in instalments after signing and take possession when it's finished. This guide covers a checklist for choosing a project, comparing deposit structures, key dates, occupancy, closing costs, Tarion deposit protection and delay compensation, a PDI checklist and how assignments work.
Builders
The biggest fear when buying pre-construction is a cancelled or delayed project. Before signing, you can check a builder's licence status, past homes delivered, warranty claims and regulatory actions for free in the HCRA's Ontario Builder Directory, then check the project itself through zoning, building permits, contract terms and deposit protection.
Builders
When looking at pre-construction in the GTA, you'll see the same builders' names again and again. This article introduces 24 common builders in alphabetical order, both condo and low-rise (townhouses and detached homes), covering their focus, product types, main development areas and notable projects. It is neutral, in no particular order and not a recommendation, and explains what else to check after reading.
Taking Possession
From preparing before you take possession and inspecting on key day, to what to do in your first month, common small issues in a new home's first year, controlling humidity and ventilation, and when to submit Tarion warranty forms and how to work with the builder on repairs: one guide to your first year in a new home.