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Pre-Con TimelineDeposit & Closing MapLive
Purchase price
$
$200,000$3,000,000
Total deposit
%
5%35%
Expected completion
Illustrative schedule — actual builder terms vary and control. Deposit structure, occupancy and closing dates come from the APS and the Tarion Addendum.
Live analysis
Total deposit required$160,000.00
Deposit20%
Completion24 months
StructureCondo
Milestones
1
Sign APSInitial deposit of $40,000 with the agreement.
Day 02
10-day rescissionStatutory cooling-off period to cancel (Condominium Act, s. 73).
Days 1–103
Staged depositsFurther deposits toward $160,000 total, per the APS schedule.
To ~closing4
Interim occupancyMove in and pay occupancy fees before the condo is registered.
~24 mo5
Registration & final closingTitle transfers; balance, land transfer tax and closing costs due.
After reg.Deposits are staged per the APS — a common condo pattern is 5% on signing, then further instalments. The exact schedule, occupancy terms and closing are set by the builder's agreement.
New homes are covered by Tarion warranty and builders must be licensed with the HCRA. Review the APS and Tarion Addendum with a solicitor before the rescission period ends.