New subdivisions around Bolton and Caledon Village are drawing buyers looking for more space. Buying a new build is different from buying resale: you are signing a builder’s agreement months or years before the home exists. Here is your legal checklist.

Have a lawyer review the agreement before the cooling-off period ends

Ontario gives you a 10-day cooling-off period on new build agreements. Use it. Builder agreements are drafted to protect the builder, and they contain clauses on closing date extensions, assignment restrictions, and design change allowances that can cost you. We review the agreement and explain exactly what you are signing.

Understand closing adjustments

On a new build, your final price includes adjustments: development charges, levies, and Tarion enrolment fees are commonly passed to the buyer, sometimes capped and sometimes not. The agreement sets caps on some of these, and we verify the caps are actually in your favour. Uncapped levies can add a significant amount at closing.

Tarion warranty

Every new home in Ontario is enrolled with Tarion, which provides warranty coverage for defects. Your agreement should confirm enrolment, and after closing you have specific timelines to report deficiencies. We make sure your paperwork preserves your full warranty rights.

Title transfer on closing

When construction is complete, we handle the transfer the same way as any purchase: title search, review of the final closing statement, signing, and registration. For new builds we also reconcile the final adjustments against what the agreement allowed, so you only pay what you agreed to.

Buying a new build in Caledon? See our Caledon buying services or talk to our Caledon firm. Flat-fee pricing and a free quote.