Pre-Construction in Toronto

Published starting prices in Toronto currently begin around $428K. Beyond the purchase price, budget for development levies, utility connections, Tarion enrolment, and HST treatment — these are often capped in the agreement, and the cap is negotiable at platinum stage.

Builders release inventory in stages: platinum brokers first, then VIP, then public. Earlier stages get better pricing, better floor plans, and better incentives such as capped levies or free assignment. Access comes through an agent with an allocation, which is why registering early matters more than acting fast on launch day.

On a new condominium in Ontario, yes — a 10-day statutory rescission period after you receive the signed agreement and disclosure statement. Freehold pre-construction homes do not carry the same statutory right, so have a lawyer review before you sign.

Sometimes. Assignment rights, fees, and whether the builder permits marketing the assignment are all set in the agreement and vary widely. If assignment matters to your plan, confirm it in writing before signing rather than assuming.

Typically three to five years from launch for a high-rise, and shorter for low-rise. Builders can and do extend those dates; Tarion sets out your rights and any delayed-occupancy compensation.