How To Buy Pre-Construction Condos In Toronto – Today’s pre-construction market is not the same as it was five years ago. This was when almost any investment was a sure win. To make informed decisions about your options, you will need to be educated on the reputation of developers and do a thorough analysis of projected values.
Pre-construction buying can be complicated. I have been in the market for more than 13 years and have represented hundreds upon hundreds of buyers. I understand how daunting this process can be.
This guide is my attempt to help you understand the buying process. I will also explain what you can expect from working with me and my team, as well as how we choose good projects for clients.
Benefits of Buying A Pre-Construction Condo In Toronto
Extended Deposit Programs are available for many new projects
A VIP/Prestige Broker can help you get in the door first and make money within the first few weeks of the sales process
Buy at today’s prices by purchasing strategically and doing the right analysis
Clear and well-defined steps are required to buy a home.
Your investment will appreciate
Condos that are newly built tend to rent for less and sell faster than those that are older.
A mortgage is not necessary right away.
You have the option of renting or selling your property.
The Benefits of Working with a Pre Construction Broker
Let’s get the facts straight about VIP and Prestige Brokers.
A pre-construction buyer should work with a broker who is familiar with the market.
This applies to any investor, but it is especially important for first-time buyers. It is important to have someone who represents your best interests.
TRB has strong partnerships with many of our representing sales teams and has established relationships with some of the city’s most influential developers. This status allows us to be designated VIP or Prestige.
Working with a broker that is truly VIP is one of the greatest advantages. They get first access to suites once they are released. Their client can purchase at the lowest launch price, which allows them to make the most of their money.
Did you know that the developer covers all fees associated with your condo purchase before construction? A professional is available at no additional cost (only $0.00).
A financial expert broker can help you avoid being caught in a bad deal with bad developments. A pre-construction broker who is experienced will be familiar with assignment clauses, deposit structures and levy caps. These are all important elements that go beyond just signing the contract.
How Pre-Construction Condos Are Sold
The process of selling condos is the same for most developers in the area. To ensure smooth and easy selling of condos, they partner with experienced brokers who have worked with them.
As a Prestige Broker and VIP with some of the top developers in Toronto, I have refined our process to ensure that our clients get the best price, access, and understanding when buying pre-construction in Toronto.
This eBook is a compilation of everything I know, and everything my clients want. It will help you understand the process of buying condos in Toronto that are pre-construction.
This guide is packed with helpful tips and deposit structure examples. It also covers what to do after you have purchased your property and how to get it back to you. This guide will be helpful to anyone, whether you are just beginning to learn about pre-construction.
Click the button below to download. If you have any questions, would like to schedule a time for chat, or would like to discuss any one of our top preconstruction condo projects please get in touch immediately.
Mississauga is Canada’s one of the largest cities. It has become a vibrant economic and cultural hub, and It offers a variety of living experiences through its increasing stock of condos and homes.
Mississauga is surrounded by beautiful Lake Ontario shorelines, home to many waterfront condos and homes. The old village of Port Credit was transformed into a pedestrian-friendly shopping district. The Square One Shopping Centre is located further north on Hurontario Street, the city’s main thoroughfare. It also houses a large number of corporate headquarters. A string of communities along the Credit River to the west provide a family-friendly, lush living environment. In the city’s northwest corner is the former village of Streetsville. There are also several shopping centers and recreational areas scattered throughout the community.
MiWay is the city’s transit agency and offers a wide range of bus routes. Many use the Mississauga Transitway, which provides increased frequency and reliability. The Transitway runs approximately from Pearson Airport to Winston Churchill Boulevard via Square One. It is served by both GO Transit or MiWay routes. GO offers rail service to the area. The Lakeshore West runs parallel to Lake Ontario and offers high-quality service seven days per week. The Milton Line runs through the city’s centre and western reaches and offers ten round trips on weekdays. As well, the opening of the Hurontario LRT in 2024 provides transit access for those commuting from north to south in Mississauga. There are four major highways – Highway 401, Highway 403, Highway 407 and Highway 410 – all crossing through the Mississauga city.
If you’re looking to buy your first home, but don’t have the money to get into the market right now, it may be worth your while to look into Mississauga’s many pre-construction condo developments. With the right pre-construction condo, you can get into the market early, take advantage of great savings on your monthly mortgage payment, and build equity as the building itself rises around you. Here are some things to keep in mind if you’re considering getting into the Mississauga pre-construction condo market.
1. Lakeview DXE Club Condos
Developer: Vandyk Properties Address: 1345 Lakeshore Rd E, Mississauga Nearest Intersection: Lakeshore Rd E & Dixie Rd Pricing: TBA Occupancy: TBA Storeys / Suites: 2 Towers – 8 & 12 Storeys / TBA Suite Types: One Bedroom – Three Bedroom Suites Suite Sizes: TBA Maintenance Fees: TBA Deposit Structure: TBA Incentives*: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies, Assignment, Property Management & Leasing Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements
2. The Vic Condos
Introducing The Vic Condos, the newest mid-rise condominiums coming soon to your town. You’ll find everything you need around here in beautiful Downtown Streetsville; with great food, shops and sights all just a few minutes away by car or bus. And when it comes time for higher education – Its right next door to the University of Toronto – Mississauga Campus!
Developer: Forest Green Homes Address: Tannery St & Queen St S, Mississauga Pricing: TBA Occupancy: TBA Storeys / Suites: 4 Storeys / TBA Suite Types: One Bedroom – Three Bedroom Suites Suite Sizes: TBA Maintenance Fees: TBA Deposit Structure: TBA Incentives*: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies, Assignment, Free Leasing & Property Management Services, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements Suite Finishes: Laminate Flooring, Stone Kitchen Countertops, Stainless Steel Kitchen Appliances and more Building Amenities: TBA
3. Eleven 11 Clarkson Towns
Eleven 11 Clarkson Towns new townhomes are coming to Clarkson Village in Mississauga, Ontario. These homes will be right next door to the shops and restaurants of Lakeshore, making it easy for residents to do everything they need without having to leave home!
Developer: Saxon Developments Address: 1111 Clarkson Rd N, Mississauga Nearest Intersection: Clarkson Rd N & Lakeshore Rd W
Pricing: Starting From The Mid $500s
Occupancy: December 2020 Suite Types: One Bedroom – Three Bedroom Suites Suite Sizes: 690 sq ft – 1,687 sq ft Maintenance Fees: Approx. $0.30 / sq ft Deposit Structure: $10,000 on Signing // 5% Minus $5,000 in 30 Days // 5% in 180 Days // 5% in 300 Days // 5% on Occupancy Incentives: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies ($5,000 for 1 Bed // $7,500 for 2 Bed // $10,000 for 3 Bed), Free Assignment (Value of $10,000), Property Management & Leasing Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements
4. 91 Eglinton Ave East Condos
Introducing a new condo community in the heart of Mississauga- at 91 Eglinton Ave East! Nestled between Hurontario St. and Eglinton Ave., you will never want to leave this condominium townhome block which features 6 towers and 2 buildings all within walking distance from everything that Mississauga has to offer. From major highways, shops and schools- it’s all right around the corner for you at 91 Eglinton Ave East.
Developer: Liberty Developments Address: 91 Eglinton Avenue East, Mississauga Nearest Intersection: Eglinton Ave E & Hurontario St Pricing: Anticipated To Start From The High $400’s
Occupancy: Anticipated For 2024 Storeys / Suites: Six Towers – 13, 19, 24, 25, 35, & 37 Storeys / Suites TBA Suite Types: One Bedroom – Three Bedroom Suites + 3-Storey Townhomes Suite Sizes: TBA Deposit Structure: TBA Incentives: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies, Assignment, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, Exclusive 1 Year Free Leasing Services & 1 Year Free Professional Property Management Services*
5. Kindred Condos
Introducing your next home- a beautiful new condo in Mississauga perfect for anyone who wants to be closer to everything. With Westwood Mall just around the corner, major highways and universities nearby, as well as being situated near other essential amenities; this is a great option for those looking for convenience.
Developer: The Daniels Corporation Address: 2475 Eglinton Ave W, Mississauga Nearest Intersection: Eglinton Ave W & Erin Mills Pkwy Pricing: Starting From $485,900 Occupancy: February 2025 Storeys/Suites: 25-Storeys / TBA Suite Types: Studio – Two Bedroom + Den Suites Suite Sizes: 433 sq ft – 953 sq ft Maintenance Fees: $0.59/sq ft (Includes Bell Gigabit Fibe 1.5 Internet // Water & Hydro Separately Metered) Deposit Structure: $7,000 on Signing // 5% Minus $7,000 in 30 Days // 1% in 90 Days // 1% in 120 Days // 1% in 150 Days // 1% in 180 Days // 1% in 210 Days // 5% in 400 Days // 5% on Occupancy Incentives*: VIP Pricing & First Access to the Best Availability, Capped Development Levies, Free Assignment, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, One Parking Unit ($55,000 Value) + One Locker Unit ($3,000 Value for a half-height locker or $5,000 Value for a full-height locker) Available for ONLY $45,800!*, Capped Closing Costs (All One Bedroom + Den & Smaller – $10,000 + HST // All Two Bedroom & Larger – $12,500 + HST) Suite Finishes: Laminate Flooring, Stone Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer Building Amenities: 24/7 Concierge, Private Roundabout Driveway Entrance, Pet Wash, Co-Working Space, Bookable Boardroom, State-of-the-Art Fitness Centre, Yoga Studio, Party Room, Outdoor Playground with Firepit, Games Room, Outdoor Terrace, Gardening Plots