Your deposit does not fix your mortgage rate forever
Ask how long financing commitments and rate holds last and what must be re-confirmed before closing. Employment, debt, interest rates and the property valuation can change.
The advertised price is one part of the budget
Taxes, rebates, upgrades, lot premiums, adjustments and fees can change the amount you need. Request written figures for the specific home, rather than comparing headline prices alone.
A future feature is still future
Planned schools, recreation facilities and commercial areas may change. Check official project updates and assess whether the home works with what is available now.
Documents and dates matter
Use independent legal review, keep a deposit calendar and verify warranty registration and claim deadlines directly with Tarion. See the new-construction guide for the questions to prepare.
Use the current official information.
Rules, forms and offers can change. Verify your agreement and eligibility with the relevant professional.
HCRA directives and advisories Tarion pre-possession coverage Tarion forms and timelines Ontario Builder Directory