FAQ
A pre-construction home is purchased before it is fully built, often based on floor plans, renderings, and project specifications. Buyers may purchase before construction starts or while the project is underway.
Deposit requirements vary by developer and project. Many pre-construction condos use staged deposits totalling around 15%-20% of the purchase price, while townhomes and detached homes may follow different schedules.
Often, yes. Buyers may select flooring, cabinetry, countertops, and other finishes through the developer’s design or décor centre, with upgrades available at an additional cost. Selections must usually be made before the developer’s specified construction cut-off date.
Timelines vary, but many pre-construction projects take approximately two to five years from purchase to occupancy or closing. Approvals, construction progress, and other project factors can affect completion dates.
It can be, depending on the project, location, purchase price, and your goals. Markham’s employment base, established neighbourhoods, and ongoing transit investment can support demand, but returns are never guaranteed.
No, but working with Big City Realty can give you access to available allocations and VIP launches while helping you compare floor plans, deposits, incentives, and purchase terms. Buyer representation is typically provided at no additional cost to you.