NEW CONSTRUCTION HOME PURCHASE
New Construction Home Purchase
A new-build purchase can involve a lengthy agreement, changing timelines, and additional closing charges. Early legal review helps you understand your commitments.
Reviewing the builder’s agreement
Send the complete agreement and schedules. We review the provisions that affect your legal obligations, including deposits, adjustments, deadlines, and the builder’s rights to change aspects of the transaction.
Planning for completion
Keep our office informed of notices from the builder and financing changes. Ask about expected closing charges and documents well before completion so funding and signing arrangements can be coordinated.
Builder contracts and the complete package
New-home contracts commonly include detailed schedules covering specifications, substitutions, deposits, assignments, adjustments, and completion notices. The main agreement alone may not show the full financial commitment. We review the documents together and explain obligations that need your attention.
Changes and representations
Identify upgrades and features that matter to you. Ask whether they are recorded in the contract and what rights the builder has to make changes. Keep later correspondence with the original agreement.
Completion dates and warranty documents
A new freehold home and a pre-construction condominium can follow different completion processes. We review the applicable closing or occupancy documents and discuss notices affecting timing. Do not assume a resale-home timeline applies to a builder purchase.
Warranty and inspection issues
Warranty documentation and inspections serve different purposes from legal review. Retain the relevant enrolment, inspection, and deficiency records, and raise questions about them early with the appropriate professional.
Adjustments, financing, and closing preparation
Builder adjustments and other contract charges can increase the amount required at closing. We identify the clauses relevant to your agreement and discuss any proposed limits or clarifications; a change requires the builder’s agreement.
Plan for a longer transaction
Financing available when you sign may need updating by completion. Advise us about lender changes, your linked home sale, and notices from the builder so document and funding arrangements can be coordinated.
Keep a record from signing to completion
Keep later builder notices with the original contract. Review is useful both at signing and when changes arise during construction. Notify our office before agreeing to a revised date, assignment, or other material change so the effect on your obligations and closing preparation can be considered.
Documents to prepare
- Builder agreement, specifications, incentives, and upgrades
- Deposit schedule and proof of payments
- Closing-date notices and later amendments
- Warranty and inspection documents supplied
Let’s discuss your next step
Contact Maki Law for practical guidance on your property transaction or construction matter.
416-991-4775 · contact@maki.law
136A Avenue Rd, Toronto, Ontario M5R 2H6
MAKI LAW
Address
136A Avenue Rd
Toronto, Ontario M5R 2H6
Contact
416-991-4775
Fax: 416-981-3420
contact@maki.law
Service Areas
© 2026 Maki Law Professional Corporation. All rights reserved.
General information only. Contact our office for advice about your circumstances.