What's a typical deposit on an Ottawa pre-construction condo?

15%–25% of purchase price over the construction period, with an initial $5,000–$10,000 at signing and milestone deposits at 30/90/180/360 days.

Can I assign an Ottawa pre-construction condo?

Usually yes, subject to builder consent and an assignment fee. Terms vary by builder and contract — always confirm before signing.

Are pre-construction condos protected if the builder fails?

Tarion covers Ontario condo deposits up to $20,000 per unit. Deposits above $20,000 are protected separately under the Condominium Act trust requirements.

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Ottawa New Construction

Pre-Construction Condos in Ottawa

Pre-construction condos let you secure a brand-new Ottawa condo today at locked-in pricing for delivery 18–48 months out. Ottawa has a steady pipeline of pre-construction releases — particularly downtown, along the LRT corridor, and in master-planned communities like Greystone Village.

How pre-construction condos work

You sign a Purchase Agreement, pay deposits in stages totalling 15–25% over the construction period, take interim occupancy when your unit is ready, then close on final completion when the building is registered.

New-construction Ottawa townhomes with fresh landscaping — New-construction communities by Ottawa's major builders.

Occupancy fees explained

During interim occupancy (after your unit is ready but before final registration), you pay an 'occupancy fee' covering estimated interest on the unpaid balance, taxes, and common-element costs. This is rent-like — it doesn't go toward the purchase price.

Assignment vs. closing

Most Ottawa pre-construction contracts allow assignment (selling your contract before final closing) subject to builder consent and assignment fees. Assignment is a powerful tool for investors and circumstances changes.

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Risks to manage

Delays, scope changes, occupancy fees, post-launch competition from later phases, and broader market shifts between contract signing and final closing. A buyer's agent who's done pre-construction before can help you build in the right protections.

Row of modern detached suburban homes in west Ottawa — Family-friendly suburbs like Kanata, Barrhaven and Stittsville.

FAQ

Frequently asked questions

What's a typical deposit on an Ottawa pre-construction condo?: 15%–25% of purchase price over the construction period, with an initial $5,000–$10,000 at signing and milestone deposits at 30/90/180/360 days.
Can I assign an Ottawa pre-construction condo?: Usually yes, subject to builder consent and an assignment fee. Terms vary by builder and contract — always confirm before signing.
Are pre-construction condos protected if the builder fails?: Tarion covers Ontario condo deposits up to $20,000 per unit. Deposits above $20,000 are protected separately under the Condominium Act trust requirements.

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