Why Work With a Real Estate Expert for New Developments?

When it comes to purchasing pre-construction homes and condos, timing and accurate information are critical. Builder incentives, floor plan releases, and limited-time pricing can change quickly, and buyers who act early often secure the strongest value. That is why partnering with a trusted local expert matters.

Kirby Chan is the Broker and Founder of Kirby Chan & Co. Real Estate Team. With over 20 years of experience serving the Greater Toronto Area, Kirby has built long-standing relationships with many of Toronto’s top builders. This allows his clients to access exclusive pre-construction opportunities, VIP launches, and preferred pricing before projects are released to the public. Supported by a team known for personalized guidance and strategic insight, clients are able to navigate new developments with clarity, confidence, and a focus on long-term value.

Exploring Toronto’s Hottest New Developments: A Buyer’s Guide

Buying into a new development in the Greater Toronto Area (GTA) offers a rare opportunity to invest in the city’s future while enjoying modern design, energy efficiency and long-term value. From downtown Toronto to family-friendly Richmond Hill and vibrant Markham, new communities are shaping the next generation of urban living. Understanding how to identify the right project and secure early access can make all the difference in building lasting wealth through real estate.

Kirby Chan: Your Trusted Guide to Pre-Construction and New Communities

Kirby’s reputation in the GTA real estate market is built on trust, transparency and results. His team’s data-driven approach ensures every buyer makes a confident, well-informed decision whether you are investing for growth or finding your dream home. Kirby’s hands-on guidance helps clients evaluate developer track records, floor plan functionality, location potential and future resale value ensuring each purchase aligns with long-term goals.

Unlock the Best New Developments Across the GTA

From high-rise condos in downtown Toronto to luxury townhomes in Markham and master-planned communities in Richmond Hill the opportunities are endless. Discover how Kirby Chan and his team can open doors to the best new developments across the GTA where smart real estate decisions begin.

Guide: The Benefits of Buying in a New Development

New developments are changing the way people live, work and invest. Whether it’s a master-planned community or a downtown high-rise, these projects offer buyers and investors a chance to be part of what’s next. Beyond modern finishes and fresh amenities, there are real financial and lifestyle advantages to getting in early.

Step 1: Pay Attention to Early Pricing and Appreciation Potential

  • Look for early release pricing, which is often the best value
  • Consider how prices may rise as construction moves forward
  • Think about long-term appreciation before the building is complete

Step 2: Review Design and Amenities Carefully

  • Make sure floor plans fit your lifestyle and future needs
  • Look for energy-efficient systems and modern finishes
  • Take note of amenities like fitness centres, rooftop terraces, and co-working spaces
  • Consider how these features support resale value

Step 3: Consider Maintenance and Warranty Coverage

  • New homes are typically move-in ready with fewer repairs
  • Ask about warranty coverage and what it includes
  • Expect lower maintenance costs in the early years

Step 4: Understand Incentives and Payment Structures

  • Ask about builder incentives such as upgrades or capped closing costs
  • Review deposit schedules and plan your finances accordingly
  • Make sure the payment timeline fits your comfort level

Step 5: Think About Rental and Long-Term Value

  • New developments often attract strong rental demand
  • Consider the area’s growth and future appeal
  • Ensure the purchase supports your long-term goals

Step 6: Take Advantage of Customization Options

  • Choose layouts and finishes early when options are available
  • Personalize your home to better suit your needs
  • Remember that customization is limited with resale homes

Buying in a new development is about planning ahead. By knowing what to look for and asking the right questions, you can make confident decisions that support both your lifestyle and future plans.

Frequently Asked Questions

1. What does buying in a new development mean?
Buying in a new development means purchasing a home or condo that is newly built or still under construction. This allows buyers to secure modern features, newer building standards, and often early pricing, while planning for future occupancy.
2. When is the right time to buy a new development?
The right time varies for each buyer, but many people benefit from purchasing early in a project. Early buyers often have access to better pricing, more floor plan options, and potential incentives. Timing should also align with your financial readiness and long-term goals.
3. How is buying a new development different from buying a resale home?
New developments typically involve longer timelines, staged deposit structures, and builder contracts rather than standard resale agreements. Buyers should also consider factors such as occupancy dates, adjustments, and future market conditions when purchasing new.
4. How can a real estate expert help with new developments?
A real estate expert helps you evaluate builder reputation, pricing, location potential, and contract details. Kirby Chan & Co. Real Estate Team provides guidance throughout the process, from identifying strong projects to explaining timelines, incentives, and long-term value.
5. Are there additional costs when buying a new development?
There can be additional costs, such as development charges, utility connections, or adjustments at closing. Your agent will help you understand these costs in advance so there are no surprises and you can plan confidently.
6. Can I customize my home when buying new?
Many new developments allow buyers to choose layouts, finishes, and design options, especially when purchasing early. Your agent can help explain what customization options are available and when decisions need to be made.
7. Are new developments a good option for investors?
New developments can be attractive for investors due to modern design, strong rental demand, and long-term growth potential. Location, pricing, and future supply all play a role, and your agent can help assess whether a project aligns with your investment goals.
8. How long does it take to move into a new development?
Timelines vary depending on the project and construction progress. Some buyers move in within months, while others may wait several years. Understanding expected occupancy and completion dates is an important part of the planning process.
9. Can Kirby Chan & Co. help me access new developments before they are publicly available?
Yes. Through long-standing relationships with builders across Richmond Hill, Markham, and Toronto, Kirby Chan & Co. Real Estate Team often provides clients with early access to VIP launches and new development opportunities before they reach the public market.
10. What if I’m not sure whether a new development is right for me?
That’s completely okay. Many clients start with a consultation to compare new developments with resale options. Your agent will help you explore timelines, costs, and lifestyle considerations so you can make a well-informed decision without pressure.

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Kirby Chan, Broker
Kirby Chan, Broker

Co-Founder & Broker | License ID: 9533841

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

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