Every deposit cheque, on a date.

A builder’s deposit structure is usually described as percentages and day counts. Turn it into real dates and running totals, alongside the cooling-off period that does or does not apply, the closing costs the price does not include, and the questions worth asking before you sign. Print it, or copy it into an email.

The purchase

Purchase price $ Signing date Estimated occupancy or closing Builder dates move. Use their current estimate and rebuild this when it changes.

The structure

Deposit structure Match it to your agreement — builders vary, and the schedule is sometimes negotiable.

What are you buying? Only new condominiums get Ontario’s ten-day cooling-off period. Freehold gets none.

How will you use it? This changes the HST rebate treatment, and the numbers involved are large.

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01 —Monthly carrying costMortgage, tax, condo & POTL fees → 02 —Land transfer taxWith the bracket-by-bracket working → 03 —Pre-construction vs resaleFive scenarios, and the break-even → 04 —HST rebate on a new buildWhat it is worth, and who pays it back → 05 —Pre-construction depositsEvery cheque, on a date → 06 —First-time buyer roadmapThe real cash you need, and when → 07 —Sell first or buy firstA reasoned recommendation → 08 —What’s my home worth?A written opinion from a real agent →

Every deposit cheque, on a date.

The purchase

The structure

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