New Homes for Sale in Cambridge

Where new homes are being built in Cambridge

Hespeler, close to the 401, has one of the larger new communities, with stacked towns, two-storey towns and detached homes in the same development. West Galt has newer master-planned communities with freehold towns, and south Galt along Dundas Street South has townhome releases with easy access to Highway 8. In east Cambridge, some new detached homes are being built as infill inside established neighbourhoods, which means schools and shopping are already in place.

Downtown Galt along the Grand River is where Cambridge's tallest condo buildings have gone up, and more towers have been proposed there, but at any given moment far fewer condo apartment projects are selling in Cambridge than townhome and detached projects.

What buying new involves in Cambridge

The process is the same across Ontario: a builder-written agreement, a deposit paid in stages, a warranty administered by Tarion and a builder licensed by the Home Construction Regulatory Authority, which you can check in the Ontario Builder Directory. New homes are sold with HST included, and you may qualify for a new housing rebate, including recent federal and Ontario relief for first-time buyers of new homes, depending on the price, your situation and when you sign. Those programs have conditions and have been changing, so confirm with your lawyer.

Freehold homes have no statutory cooling-off period, while a condominium unit, including most stacked towns, generally comes with ten days to cancel after you receive the agreement and disclosure documents. Either way, I recommend a real estate lawyer reviews the agreement before it is firm.

New build or resale in Cambridge

Cambridge has an unusually wide range of resale homes, from nineteenth-century stone houses in Galt to 1990s and 2000s subdivisions in Hespeler and north Galt. Against that, a new build offers a warranty, modern energy standards, your choice of finishes and time to save. The cost is waiting for construction, a closing date that can move and closing adjustments that a resale buyer does not pay. I can lay out a new home and comparable resale homes side by side so you can see the real difference.

How I help with a Cambridge new build

I follow the builders working in Cambridge and can often register my clients for VIP or platinum previews when a builder offers them, with floor plans and price lists before the public release. I compare projects, go through the agreement, and attend the pre-delivery inspection with you. Builders usually pay the agent who brings the buyer, so in most cases it costs you nothing to have me represent you. Let me know before you register with a builder so they recognise me.