FAQ
Pre-construction refers to a home purchased before construction is finished. Buyers typically choose a unit or home using floor plans, renderings, and builder specifications, either before construction begins or while the project is being built.
Deposit amounts depend on the builder and project. Many developments divide the required deposit into several payments made over time, with condo deposits commonly reaching around 15%-20% of the purchase price. Low-rise projects may use a different structure.
VMC is centred on condos, transit, and a denser urban lifestyle, while Kleinburg is known for lower-density communities, detached homes, and larger residential properties. The better fit depends on the type of home and neighbourhood setting you prefer.
A project may take roughly two to five years from purchase to occupancy or final closing. The actual timeline depends on factors such as the type of development, approvals, and construction progress.
It may suit some buyers and investors, particularly given the continued development around VMC and Vaughan’s appeal to families looking for low-rise housing. However, future values are not guaranteed, so each project’s price, location, costs, and timeline should be evaluated individually.
You can buy directly from a builder, but Big City Realty can help you compare developments, floor plans, deposits, incentives, and purchase terms. We can also provide access to available allocations and VIP launches, typically at no additional brokerage cost to the buyer.