Condos & Townhomes
Pre-sales can be confusing.
We're here to help you navigate the process.
Here are some common questions that we get asked:
Does the home normally complete on time?
Almost never. Don’t be discouraged. This happens to almost every development. It can be difficult for developers to obtain their permits or work through bad weather!
When do I get my keys?
This will take place after you’ve received your completion notice from the developer. Typically, one day after completion you’ll get your keys, or on the developer’s adjusted schedule.
How much is a deposit?
A deposit will vary with each development. It can be anywhere from 5% to 20%, which can be spread out over a deposit schedule. This will involve increments being due on set dates throughout the time that it takes to build the project.
Can I customize the home?
Developers will often have a list of “upgrades” for you to choose from. These can include appliances, built-ins, back splashes, flooring etc. Sometimes you’ll even have a chance to pick between multiple colour schemes, from light to dark options.
Do I pay the realtor when I buy a presale home?
Not a cent! When it comes to presale properties, it is up to the developer to pay the realtor who helps you buy your home.