While it can be tempting to invest in the first preconstruction you come across, it can actually be better to invest in a builder, not a building. By investing in reputable builders, you’ll be investing in pre-construction condos in Toronto that won’t be saddled with delays and other problems that could tie up your money.

Luckily, the pre-construction market also permits you to change your mind in 10 days, part of a so-called “cooling off” period, which gives you 10 days to research a purchase after buying. At this time, pre-construction buyers should have a lawyer closely analyze the agreement of purchase and make sure your financing is in place, amongst other things.

Don’t forget interim occupancy and closing. If you’re not paying attention, you could spend months owning a condo that you can’t rent out, so it’s important to know the details as they could dramatically impact your income for a period of time

What about closing costs, including development fees and levies? Some pre-construction condos are priced as such because of exorbitant closing costs.

With our guide to pre-construction condos in Toronto, you’ll learn it all and more.