Tarion Talks: Buying a Pre-Construction Condo

Here in Ontario, condos are an increasingly popular choice among new home buyers – but they’re not without certain risks, and anyone interested in buying a pre-construction condo should be aware of what’s involved.

For this episode of Tarion Talks, our host Daniel Caprara is joined by two of Tarion’s condominium experts – Ben Carino, from our legal team, and Assunta Salvato, from our Warranty Services department – to learn more about not only the risks, but some of the more exciting aspects of pre-construction condos as well.

Topics discussed in this episode include:

• Understanding the Agreement of Purchase and Sale, and how it applies to certain aspects of a pre-construction condominium.
• A high-level overview of delays and cancellations, how they occur, and protection that is available to buyers.
• Possible variations between what was in your unit’s plans, and what may be found in the finished condominium.
• An explanation of “interim occupancy,” and other tips for what you can expect when you first move into a newly-completed condominium unit.