pre-construction

New vs Resale Condo in the GTA: Which Should You Buy?

There is no universal answer—it comes down to your timeline, cash flow, and tolerance for uncertainty. A new (preconstruction) condo lets you pay the deposit in instalments, comes with Tarion's Ontario new-home warranty, and can be customized, but you take on delivery delays, interim occupancy fees,

Tarion Delayed Closing & Occupancy Compensation: What a Builder Owes You When the Date Slips

In most cases, yes. Ontario's new-home warranty is administered by Tarion, and its statutory warranty includes delayed-closing compensation (for freehold homes) and delayed-occupancy compensation (for condominium units). As long as the delay is not caused by you and is not an "Unavoidable Delay" as

Is There a Cooling-Off Period When You Buy a Home in Ontario? Resale vs Pre-Construction

In most cases, no — and this is one of the most common misconceptions among buyers. Under Ontario's Condominium Act, 1998, a statutory cooling-off period exists in exactly one situation: a brand-new, pre-construction condominium bought directly from a developer carries a 10-day rescission right, dur

Pre-Construction Condo Closing in Ontario: Interim Occupancy, the PDI, and Tarion Warranty Explained

The defining difference is that a pre-construction condo has two closings. First comes interim occupancy: the building is not yet registered as a condominium corporation at the land registry, but you get the keys and move in, paying a monthly "occupancy fee" (often called "phantom rent") that is not

How Pre-Construction Deposits Work in the GTA — and Exactly How Much Tarion Protects

How are GTA pre-construction deposits staged? What does Tarion deposit protection cover for condos vs. freehold homes? How much do you recover if a builder cancels or goes bankrupt? Arthur Zhao breaks down the deposit structure, the coverage limits, and how it differs from a resale deposit held in trust.

The Pitfalls of Condo Assignment Sales: Taxes, Buyers, and the Builder

Assigning a pre-construction condo needs the builder's consent and often a fee; since May 2022 assignments are taxable for GST/HST; and since 2023 profit on property held under 365 days is fully taxed as business income. Here are the four pitfalls.

Pre-Construction Condo Closing, Start to Finish: Interim Occupancy, PDI, and Final Closing

Closing on an Ontario pre-construction condo happens in three stages: interim occupancy (you pay occupancy fees), the Tarion PDI inspection, and final closing after the corporation registers. Here's each step, plus the 1-2-7 year warranty structure.

Toronto Condos in 2026: Is Now the Time to Buy the Dip?

GTA condo prices fell 6.4% year-over-year to $639,468 in May 2026, yet sales are recovering and the Bank of Canada has held rates at 2.25%. Here's how to read TRREB's latest data and decide whether to buy a condo now.