Investing in What’s Next With Expert Guidance

Buying or leasing a new construction property is not simply about acquiring something brand new. It is about securing an opportunity early and positioning for future value. The Kirby Chan & Co. Real Estate Team supports clients across Richmond Hill, Markham, and Toronto in exploring, evaluating, and securing pre-construction homes, condominiums, and commercial units with clarity and confidence.

New developments can offer meaningful advantages, including modern layouts, energy-efficient features, and strong long-term potential. At the same time, they involve unique timelines, builder contracts, and financial structures that require careful review. Understanding these details early can make the difference between a strategic purchase and an expensive learning curve.

As broker and founder of Kirby Chan & Co. Real Estate Team , Kirby Chan brings over two decades of experience advising clients across the Greater Toronto Area. New construction purchases often involve extended timelines and complex agreements, where the details matter just as much as the headline price. Kirby’s role is to ensure clients clearly understand builder commitments, contract terms, and future obligations, so decisions made today remain sound years from now.

The team represents client interests from the earliest planning stages through to final closing. This includes identifying reputable builders, reviewing floor plans, assessing deposit structures, and managing assignments and interim occupancy. Whether the client is an investor building a portfolio or a buyer planning a future move, the guidance provided is grounded in market data and long-standing relationships within the development community.

The focus is to ensure every new construction purchase or lease is not only exciting, but also secure, strategic, and aligned with long-term financial and lifestyle goals.

Our New Construction Sales & Leasing Process

Step 1: Consultation and Project Matching

  • Discuss preferred locations, property type, and budget
  • Clarify investment goals or personal-use timelines
  • Match clients with upcoming or active developments that align with their criteria

Step 2: Project Research and Builder Review

  • Review developer track record and past projects
  • Assess build quality, delivery history, and reputation
  • Identify incentives and potential risks associated with each project

Step 3: Unit Selection and Price Analysis

  • Compare floor plans, layouts, and exposure options
  • Review pricing and deposit structures
  • Identify units with strong long-term value and appreciation potential

Step 4: Agreement Review and Negotiation

  • Guide clients through builder contracts and disclosures
  • Clarify terms related to closing costs, upgrades, and assignment rights
  • Negotiate incentives and protections where possible

Step 5: Construction Updates and Ongoing Support

  • Monitor project progress and key milestones
  • Communicate updates from the developer
  • Support decision-making during construction as needed

Step 6: Closing and Move-In Coordination

  • Support final inspections and deficiency reviews
  • Coordinate closing requirements and documentation
  • Assist with move-in planning or leasing strategy once completed

Frequently Asked Questions

1. What is considered a new construction or pre-construction property?
New construction or pre-construction properties are homes or units purchased directly from a builder before or during construction. These can include condominiums, townhomes, detached homes and commercial units that have not yet been completed.
2. Why do buyers choose new construction over resale properties?
Buyers are often drawn to modern layouts, energy efficient features and the ability to secure a property early. New construction can also offer longer planning horizons, which can be helpful for investors or buyers timing a future move.
3. What should I review before committing to a pre-construction purchase?
Key factors include the builder’s track record, contract terms, deposit structure, closing costs and projected timelines. We help you understand how these elements affect both your cash flow and long term ownership experience.
4. Are prices negotiable with builders?
Pricing is often fixed, especially in strong markets. However, there may be opportunities to secure incentives such as upgrades, capped closing costs or assignment flexibility. We guide you on where negotiation is realistic and where it is not.
5. How do deposits work for new construction properties?
Deposits are typically paid in stages over several months or years. The structure varies by project and builder. We review these schedules with you so expectations are clear and manageable.
6. What happens if construction is delayed?
Delays are common in new construction. Builder agreements usually outline allowable extensions and purchaser rights. We help you understand these clauses so you are prepared for changes to occupancy or closing dates.
7. Can I assign or sell my unit before it is completed?
Assignment rights depend on the builder’s contract and may involve fees or restrictions. We review assignment clauses early so you understand your options if your plans change.
8. Is new construction a good investment?
It can be, particularly when purchased early in a project with strong fundamentals. We help evaluate location, pricing, rental demand and long term market trends to determine whether a project aligns with your investment strategy.

Got questions?

Kirby Chan, Broker
Kirby Chan, Broker

Co-Founder & Broker | License ID: 9533841

+1(416) 305-8008 | info@kirbychanandco.com

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Kirby Chan & Co. Real Estate Team | eXp Realty Brokerage, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

CONTACT US

Phone

+1(416) 305-8008

Website

www.kirbychanandco.com

Address

8763 Bayview Ave # 127, Richmond Hill, ON, L4B 3V1, CAN

};