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Pre-Con vs ResaleCompare Your OptionsLive
Purchase price
$
$200,000$3,000,000
Cash available for deposit
$
$0$1,500,000
Your timeline to move in
Directional only. Pre-construction can offer customization and, for new builds, HST/GST rebate eligibility, but ties up deposits for years with completion and market risk. Resale gives price certainty and immediate possession.
Live analysis
Where this leansLeans pre-construction
Pre-con signals3
Resale signals0
Pre-con lean83%
Breakdown
A flexible timeline works for either path.Pre-con
Your deposit cash comfortably covers staged pre-construction deposits (often ~20%).Pre-con
As a new build, it may qualify for the HST/GST new-housing rebate (see the HST Rebate tool).Pre-con
Pre-construction typically requires staged deposits toward ~20% over the build; new condos carry a 10-day statutory rescission period (Condominium Act, s. 73), which freehold pre-construction does not. Resale usually needs 5–20% down on closing.
A directional guide, not legal, tax or financial advice. Have the APS reviewed before signing.