Buying Pre Construction Condos what you need to know

precondo.ca

The ultimate pre construction buying experience for condo owners and investors.

"Pre Condo is an absolute pleasure to work with. They hold great principals and knowledge, truly an asset. They took the time to understand what I was looking for, and kept recommendations well within my budget without compromising any of my ‘must haves'. They went above and beyond. They are truly a dedicated, compassionate, professional team with A++ customer service standards. Pre Condo is definitely highly recommended, and is an asset to any Customer." - Sandra Goncalves

How Do I Get Started

Schedule an Appointment With Us

It is very simple, we handle all aspects for you! Simply start by scheduling an appointment to meet with us at the sales centre. We will provide you with all the information, floor plans, pricing and details, and help you make the right decision.

Read below about what you need to know, and how we help you.

About precondo.ca

  • Selling pre construction condos for several years
  • Specializing in pre construction sales
  • Providing unbiased sales information, with multiple projects
  • Have exclusive relationships with many top builders in the GTA
  • VIP condo launch and pre release sales
  • Exclusive incentives with builders, prices and features

VIP Special Buyer Incentives

We have negotiated for our pre construction buyers, special promotions, and limited time offers with the builders. Special offers change often and are limited to a number of sales, and are only available for PreCondo Buyers.

Examples of our VIP Special Incentives

  • VIP Special Pricing
  • VIP Pre-Launch Sales Reservations
  • VIP Launch Dates
  • VIP Pre-Sales Information
  • Special Pricing Rebates
  • Free Parking and Locker Incentives
  • Maintenance Fees Incentives
  • Special Unit or Floor Incentives

Please inquire about what VIP Special Incentives we can offer you

What You Need To Know

When Buying Pre Construction Condos

Know The Builder

Important for investors and owners to buy into a reputable builder who has proven success with previous projects.

Know The Area

Buyers must be aware of the location and neighbourhood a project is being built. Understand the current resale values in the area and compare this to the price per square foot of the investment. Investors should review the price growth rates, and rental rates of the specific area.

Views & Floor Plans

Understand the difference between the layout functionality and total square foot of each floor plan. What space and floor plan will work best for your lifestyle and investment. The exposure of a unit will change the view and natural sun light. 

Having All The Information

It is import to be fully aware of all the details of your purchase, and to ensure none of the fine print is overlooked. It is critical to have a 3rd party lawyer who specializes in pre construction sales review all documents.

Ask The Right Questions

  1. When is occupancy date?
  2. What is the deposit structure of this project? (see below for common deposit structures).
  3. Where is the building going to be located?
  4. What is the starting price per square foot?
  5. What is the starting price for one and two bedrooms units?
  6. What are the monthly maintenance fees?
  7. Are parking and locker included, and what costs?
  8. What are the building Amenities?
  9. Are development costs caped?
  10. I bought a unit, what are the next steps?

Common Deposit Structure

Every project will have a slightly different deposit structure. It is important to know the structure of the builder you are investing in. Typically, 15% is paid in 3 installments in the first year, and the remaining 5% when you get the keys.

  1. 5% deposit due on signing
  2. 5% deposit in 150 days from signing
  3. 5% deposit in 365 days from signing
  4. 5% deposit on occupancy

20% down payment. Remaining balance can be paid cash or financed.

Recent Projects

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