Pre-Construction Purchase Checklist (Freehold)
Updated
Freehold new-home purchases in Ontario have different rules than condos. This checklist helps you prepare for your lawyer review.
Before signing
Freehold purchases do not get the 10-day condominium cooling-off period. Make your offer conditional on lawyer review where possible.
Deposits and closing
Note every deposit date and amount, the firm and outside closing dates, and how delays are handled under the Tarion addendum. Ask for an estimate of closing adjustments such as development charges and utility connections.
HST and rebates
HST treatment and any new-housing rebate depend on your situation and current rules. Confirm with your lawyer or accountant — no eligibility is guaranteed.
Purchase steps
- Confirm vendor and builder licence
- Get mortgage pre-approval
- Book a real-estate lawyer
- Review agreement, Tarion addendum and schedules
- Map deposit dates
- Estimate closing adjustments
- Confirm HST/rebate position
- Sign and keep copies
Frequently asked questions
- Is there a cooling-off period for freehold homes?
- No. The 10-day cooling-off period applies to new condominiums, not freehold homes.
- Will I get the HST rebate?
- It depends on your circumstances and current rules. Confirm with your lawyer or accountant.