How to Negotiate a Pre-Construction Purchase Agreement (Ontario Protections)

You can’t negotiate the base price in hot Ontario pre-construction markets—builders hold all the bargaining power—but you *can* push for capped development levies, waived assignment fees, explicit outside occupancy dates with termination rights if delays exceed 40 days, and material specifications that avoid vague “or equivalent” loopholes. The 10-day cooling-off period is statutory, non-negotiable, and your only unconditional exit, so use it to scrutinize assignment clauses, finish upgrade HST traps, and cancellation terms that let developers walk penalty-free while you forfeit deposits. The contracts favor builders by design, courts back them in breach cases, and most “negotiation” happens in the narrow window between signing and cooling-off expiry—understanding what’s fixed versus flexible separates tactical buyers from those who discover too late that their lawyer can’t undo what was already locked in.

Educational disclaimer (not financial, legal, or tax advice; verify for Ontario, Canada)

Before you interpret anything in this research summary as actionable guidance, understand that this is educational material only, not financial, legal, or tax advice—a distinction that matters because Ontario’s pre-construction condo market operates under specific regulatory structures that shift with legislative updates, court precedents, and administrative policy changes that could render portions of this information outdated or incomplete by the time you read it. When you negotiate pre construction Ontario agreements, you’re entering a domain where builder negotiation tactics exploit informational asymmetries, meaning what you don’t know costs you money, rights, or both. Pre-con negotiation requires current verification with licensed real estate lawyers specializing in these transactions because generic advice fails when developers insert builder-favorable clauses that waive statutory protections you assumed were non-negotiable—verify everything independently before signing anything. The 10-day cooling-off period under the Condominium Act provides buyers a window to review disclosure statements and rescind the agreement without penalty, making early legal review essential during this limited timeframe. The Canadian Bar Association offers resources on real estate law that can help property buyers understand their rights and obligations in these complex transactions.

Closing costs at a glance: typical Ontario ranges

Purchase Price	Land Transfer Tax (Toronto)	Total Closing Costs (Est.)
$400,000	~$8,950	$15,000–$20,000
$500,000	~$16,950	$20,000–$30,000
$600,000	~$26,475	$30,000–$40,000
$700,000	~$36,475	$40,000–$50,000
$800,000	~$46,475	$50,000–$60,000

Pre-con negotiation rarely touches these line items. Closing costs are additional fees and expenses that must be paid on top of your condo’s purchase price to complete the transaction. Toronto buyers face a municipal land transfer tax in addition to the provincial tax, effectively doubling this expense within city limits.

Builder power imbalance

Why pretend there’s a level playing field when every clause in a pre-construction agreement confirms builder power imbalance *in any case*? You’re signing a contract drafted by their lawyers, on their timeline, with deposit structures and occupancy clauses weighted entirely in their favor.

Ontario purchase agreements in pre-construction deals aren’t negotiated documents in the traditional sense—builders present standard forms knowing full well that inventory scarcity gives them advantage you simply don’t possess. Pre-construction negotiation becomes theater when cancellation clauses let them walk penalty-free while your deposits remain locked, when they control closing dates within vague windows, and when amendment rights rest almost exclusively with the party holding the units. Just as high electricity prices historically drove manufacturers to relocate operations and contributed to 300,000 lost jobs between 2004 and 2018, skewed contract terms can force buyers into economically disadvantageous positions with limited recourse.

Recognizing this structural imbalance isn’t pessimism; it’s prerequisite knowledge for identifying which battles you can actually win. Buyers facing rezoning and official plan amendments should understand that these regulatory processes can add 6–18 months to delivery timelines, creating additional leverage points where builders may seek to modify terms or delay closings beyond initially promised dates.

What’s actually negotiable

Where negotiation influence actually exists in pre-construction agreements depends less on your persuasive charm and more on market timing, developer cash flow needs, and your ability to identify which contract terms carry enforcement costs the builder would rather avoid.

Price reductions surface when you’re purchasing multiple units or when projects approach sales targets, though non-price concessions—waived development levies, free parking, extended maintenance fee coverage—materialize more readily than direct discounts.

Assignment rights become negotiable when developers recognize that restrictive clauses requiring $5,000–$10,000 fees create sales friction, particularly for investors who won’t tolerate locked capital.

Closing costs, specifically caps on unpredictable adjustments like meter installations and municipal levies, represent the highest-value pre-construction negotiation point because uncapped charges create enforcement liability developers prefer eliminating early. Market fluctuation provisions heavily favor builders, binding purchasers to original prices even when identical units later sell for significantly less, making these clauses nearly impossible to negotiate after signing.

Developers also prefer avoiding contingency buffers in renovation cost disclosures, since underestimating conversion expenses by 10–20% creates transparency issues that escalate into purchaser disputes and potential regulatory scrutiny.

Deposit schedule timing

How quickly developers expect you to convert enthusiasm into cash reveals more about their financing structure than industry standards, because deposit schedules fragment across projects based on construction timelines, presale momentum, and whether the builder actually secured institutional lending or relies on buyer deposits as working capital.

Standard schedules typically spread 5% increments across signing, 30 days, and various milestones extending to 365 days, totaling 15-20% for condos and 20-25% for townhouses, but negotiation influence exists when projects move slowly or approach completion with unsold inventory. Larger deposits can improve your mortgage loan-to-value ratio, potentially securing better terms when you eventually close on the property.

Near-complete pre-construction projects sometimes compress payment windows because developers need immediate capital, while competitive markets during hot phases often rigidify deposit schedules entirely, leaving you minimal room to extend payment intervals unless you’re willing to walk away. Starting renewal discussions 120–180 days ahead of your current mortgage expiry can help you plan your financing strategy if you’re purchasing while already owning property, potentially saving substantial amounts on your borrowing costs.

Upgrade pricing

Deposit schedules determine when money leaves your account, but improve pricing controls how much actually leaves. Developers structure these costs with deliberate opacity because blending base prices with upgrade packages obscures the true premium you’re paying while simultaneously triggering HST obligations that don’t apply uniformly across all purchase components.

Ontario pre-construction negotiation hinges on recognizing that upgrade pricing exists as a negotiation substitute—developers offer “free” appliances or finishes instead of price reductions because contractual language protects advertised pricing while permitting flexibility on add-ons.

Your pre-con negotiation leverage increases when you calculate the real cost: upgrades totaling $5,150 attract $2,626 in HST, demonstrating how seemingly modest enhancements compound closing expenses. Understanding HST application becomes critical since Ontario buyers face HST on bonus items such as appliances and upgrades at 13%, significantly increasing the actual cost beyond the advertised upgrade price. First-time buyers should also assess financial readiness before committing to upgrade packages that substantially increase the total purchase obligation beyond the base home price.

Effective upgrade pricing strategy involves requesting capped development levies alongside finish improvements, creating substantive savings where direct discounts fail.

Closing date flexibility

Although developers market pre-construction purchases with specific closing timelines that suggest contractual certainty, Ontario’s regulatory structure permits builders to delay occupancy through legally sanctioned extensions that convert your “firm” date into a moving target—and understanding the distinction between tentative and confirmed occupancy dates becomes essential because compensation eligibility hinges entirely on whether the builder properly established a confirmed date and subsequently violated it.

The builder gets a 120-day extension allowance if they provide written notice at least 65 days before the confirmed occupancy date, followed by a secondary 15-day extension with 35 days’ notice, meaning your anticipated closing date can shift by 135 days without triggering compensation.

If the vendor fails to establish the confirmed date 90 days before the tentative date, that tentative date automatically becomes confirmed—limiting their ability to exploit indefinite timelines.

Purchasers retain the right to terminate the agreement if their unit isn’t ready within 40 days after the Outside Occupancy Date, providing a contractual safeguard against indefinite delays beyond the maximum extension period.

Just as lenders assess mortgage risk based on credit history length and documentation rather than arbitrary pass/fail criteria, purchasers should evaluate closing date flexibility as a spectrum of contractual risk that increases with every permitted extension window.

Assignment rights

Why would anyone lock themselves into a multi-year pre-construction commitment without understanding whether they can exit before closing? The answer lies in assignment rights, which permit the original buyer (the assignor) to transfer their contractual position to a new buyer (the assignee) who steps into all remaining obligations and finally completes the purchase with the builder.

During pre-construction negotiation, you’re not acquiring automatic freedom to assign; the new build contract typically requires developer consent, which isn’t guaranteed. Builders charge assignment fees, review assignee qualifications, and can terminate your original agreement for unauthorized transfers, forfeiting your deposit entirely. Market volatility can significantly impact whether assignment remains financially viable, especially when property values fluctuate between your original signing date and your intended assignment.

Ontario pre-construction negotiation demands that you scrutinize the assignment clause during your cooling-off period because even after assignment, you may remain liable if the builder hasn’t provided written release—assignee default could trigger claims against you. When evaluating potential assignees, builders apply similar qualification standards to those used in new projects across the real estate sector, ensuring financial capacity and creditworthiness before approving any transfer.

What’s never negotiable

Before you enter negotiations convinced that everything’s on the table, understand that Ontario’s pre-construction structure contains statutory minimums, industry-enforced terms, and judicially-protected developer rights that remain immovable no matter your bargaining position, market influence, or legal counsel’s creativity.

You can’t negotiate pre-construction Ontario agreements around the mandatory 10-day cooling-off period, Tarion enrollment requirements, or builders’ contractual extension rights—these mechanisms exist outside transactional advantage.

Price escalation clauses tied to material costs remain standard across projects, reflecting lender requirements rather than developer preference.

Ontario pre-construction negotiation doesn’t extend to default remedies either; courts consistently award builders price gap damages, legal fees, and commission recovery when buyers breach, as *Mattamy Homes v. Ishola* demonstrates. Developers retain unilateral cancellation clauses that permit project termination under specified conditions, protecting their interests when market circumstances shift unfavorably or financing collapses.

Pre-con negotiation operates within rigid statutory boundaries that protect industry interests far more than purchaser autonomy.

Base price (in hot market)

How much flexibility do you actually have on base price when developers are selling units faster than they can frame them? Practically none, because builders retain pricing power when demand exceeds supply, and their agreement structure treats terms as fixed rather than negotiable.

Legal precedent supports this position—market fluctuations fall outside builder control, binding you to original pricing regardless of subsequent changes. The contract architecture itself favors developers, rarely including price protection clauses that work bidirectionally.

Your influence evaporates in active markets unless you’re purchasing multiple units, which shifts negotiation dynamics entirely. Single-unit buyers face firm pricing, period. Consider consulting with a licensed mortgage broker to understand your financing options and affordability limits before committing to fixed developer pricing.

Slower markets or late-phase sellouts change this equation, but peak demand eliminates base price negotiation entirely, forcing you toward non-price incentives instead. Unlike resale agreements where pricing flexibility exists through comparative analysis, preconstruction APSs follow builder-controlled pricing structures that remain largely standardized and inflexible during high-demand periods.

Major contract terms

Price alone won’t protect you when the contract itself strips your rights, because developers construct these agreements to shift risk systematically onto buyers while preserving maximum flexibility for themselves. Deposit structures demand scrutiny—staged payments (typically 5% upon signing, 5% after thirty days) matter less than price adjustment clauses buried in schedules, permitting developers to increase costs for “unforeseen levies” or material changes without meaningful caps.

Timeline provisions require explicit outside occupancy dates beyond which you retain termination rights, not vague “estimated completion” language that traps you indefinitely. Material specifications written as “builder’s discretion” or “or equivalent” authorize substitutions that gut your unit’s value—demand specific brand names, colors, finishes documented contractually.

Cancellation rights include a ten-day cooling-off period, but termination clauses favoring developers require aggressive negotiation to establish balanced exit mechanisms. The warranty and liability section determines your coverage for defects and workmanship issues that emerge after possession, making it essential to verify what protections survive closing.

Lawyer review critical

Why builders mandate you hire a lawyer for pre-construction purchases becomes obvious once you examine the contractual minefield they’ve constructed—these agreements contain nested risk-transfer mechanisms, ambiguous timelines, and specification loopholes that standard residential contracts don’t approach, requiring legal interpretation to identify where you’re signing away termination rights, accepting cost escalations without caps, or waiving warranty protections that Tarion nominally provides.

Ontario doesn’t merely recommend legal representation; it legally requires it, recognizing that builder adjustments, construction lien legislation compliance, and Teraview registration demand specialized expertise you don’t possess.

Expect to pay $1,100–$2,500+ in base legal fees—considerably higher than standard residential transactions—because reviewing developer-drafted terms, negotiating problematic clauses, and coordinating Tarion warranty provisions requires substantially more billable hours than rubber-stamping MLS agreements. Your lawyer must also handle mandatory government disbursements including the $65 Law Society levy and approximately $70 for tax certificates that apply to all Ontario real estate transactions. First-time buyers should additionally explore the CRA Home Buyers’ Amount to claim the $10,000 tax credit when filing their returns, potentially recovering $1,500 in federal taxes.

10-day cooling off

Your lawyer’s review matters little if you don’t understand the statutory escape hatch Ontario provides before that review even begins—the 10-day cooling-off period under Condominium Act section 73(3) grants you an unconditional right to walk away from any pre-construction condominium purchase and recover every dollar you’ve deposited.

But this window doesn’t open when you sign the agreement; it opens only after you’ve received all three prescribed documents: the Agreement of Purchase and Sale (including the mandatory Condominium Information Sheet), the builder’s Disclosure Statement containing budget projections and management agreements, and the Condominium Authority of Ontario’s Buyers’ Guide.

Until that documentation trinity arrives, your agreement remains legally non-binding regardless of what you signed.

And once rescinded through written notice to the builder or their solicitor, you’re entitled to full refund without penalty, protected by Tarion coverage up to $20,000 if complications arise.

The builder or their solicitor must return your deposit with interest, calculated from the date they received your funds to the date of repayment.

Contract review items

Most purchasers imagine that reviewing a pre-construction agreement means skimming the price and closing date, then flipping to the signature page—a catastrophic miscalculation that ignores how builders engineer these documents to shift risk, cost, and obligation onto buyers through clauses buried in sections you’ll never read unless someone forces you to confront them.

You need legal descriptions extending beyond street addresses to define precise boundaries, verification of all party contact details, specific itemization of chattels and fixtures—not generic categories like “appliances”—and written documentation of every verbal promise made by agents or builders, because oral assurances evaporate the moment disputes arise.

Pay particular attention to “as-is, where-is” language eliminating inspection conditions, levy clauses permitting unlimited cost transfers, and developer extension rights that circumvent Tarion protections through contractual maneuvering. Insist on explicit change management procedures that document any modifications to specifications, materials, or finishes, preventing builders from substituting inferior alternatives without your written consent or compensation.

Deposit protection

After confirming that your agreement actually says what the builder’s marketing materials promised—a verification most buyers skip—you need to guarantee the substantial deposits you’re about to hand over won’t disappear into the builder’s operating account to fund payroll, material purchases, or the developer’s next project while you wait years for a building that may never materialize.

For freehold homes priced over $600,000, Tarion provides coverage up to 10% of purchase price, capped at $100,000, but only if you register within 45 days of signing—miss that window after January 1, 2026, and your claim gets dumped into a $10 million annual sub-limit shared proportionally among all late registrants, meaning bankruptcy timing and other buyers’ negligence directly determine your recovery.

For condominiums, your deposits must be held in escrow trust accounts by an escrow agent—typically a law firm representing the builder—who cannot release those funds to the builder unless appropriate deposit protection insurance is in place, with Tarion requiring builders to maintain $20,000 per unit coverage before accessing your money.

Tarion deposit insurance

The protective architecture Tarion built for condominium deposits operates through a two-tier system that sounds reassuring until you examine which failures it actually covers.

Developers post a mandatory $20,000 bond per unit that protects your deposit only if it never made it into the statutory trust account where it legally belongs.

The $20,000 bond covers deposits that never reached their legally required destination—not the bankruptcy scenarios you actually face.

This means this base coverage exists primarily to catch fraud or gross negligence rather than the far more common scenario where your developer goes bankrupt mid-construction after legitimately withdrawing your deposits under an Excess Condominium Deposit Insurance policy.

That ECDI policy, which permits release of funds from trust during construction for both soft and hard costs, creates the exact exposure Tarion’s base bond doesn’t address.

Developers with strong credit scores and substantial experience typically secure bond rates as low as 0.5%, making this security mechanism cost-effective relative to alternatives like letters of credit.

This leaves you dependent on a separate insurance mechanism that guarantees repayment only if the developer fails to deliver your condominium according to the purchase agreement.

Trust account requirements

Your deposit enters a statutory trust account governed by requirements that sound straightforward—builders must place your money in a trust account held at a financial institution under the trustee’s name, maintain traceable records showing amounts received and disbursed for each project, and keep those funds locked away until you close on your unit or appropriate security gets posted.

But what developers aren’t broadcasting is that they’re permitted to commingle trust funds from multiple projects into a single account provided they maintain separate written records for each, creating a paper-trail dependency where your protection hinges entirely on the builder’s bookkeeping integrity rather than physical segregation of your actual money.

Escrow agents, typically the builder’s own law firm, must provide Form 4 deposit receipts within ten days, theoretically confirming receipt, though this self-policing arrangement offers minimal independent oversight.

The Construction Act now requires parties to disclose whether contracts are based on phases or milestones, a transparency measure that extends to payment structures though rarely emphasized in pre-construction agreements where your deposit release timing depends on these very designations.

Upgrade negotiation

Where builders won’t budge on purchase price—protecting their carefully orchestrated market comparables and financing covenants—they’ll frequently hemorrhage value through non-price concessions that you’d be foolish to leave on the table, because a $15,000 lot premium waiver or upgraded appliance package delivers identical financial benefit to a price reduction without triggering the builder’s internal pricing controls or creating precedent that undermines their sales strategy across remaining inventory.

You possess maximum negotiating influence specifically on upgrades: corner lot premiums ($8,000–$20,000), parking units ($40,000–$65,000), locker assignments ($5,000–$8,000), appliance tier bumps, capped development levies, prepaid maintenance fees (typically $3,600–$7,200 annually), and Tarion enrollment absorption. Timing amplifies your leverage considerably, as builders demonstrate heightened flexibility on fiscal year-end homes when sales targets create urgency that overrides standard margin protections.

These concessions circumvent the builder’s pricing architecture entirely, delivering quantifiable savings without contaminating their comparable sales data or violating lender-imposed minimum pricing thresholds that govern construction financing draws.

Timing strategy

While builders cultivate the impression that purchase agreements materialize fully formed with immutable terms—a convenient fiction that hastens sales velocity and minimizes negotiation friction—your signing timing fundamentally determines which contractual elements remain pliable and which concessions you can realistically extract.

This is because developers operate within shifting commercial pressures that create discrete windows of vulnerability throughout a project’s sales lifecycle.

Strategic timing leverage points:

Slower markets or launch periods expose developers desperate to establish sales momentum, creating immediate price reduction opportunities.
Projects nearing sales targets trigger flexibility as developers prioritize closing remaining inventory over margin preservation.
Multiple unit purchases during early phases compound your negotiating position when developers face uncertain absorption rates.

Don’t sign when momentum favors the builder—wait until commercial pressure works against them. Before proceeding with any purchase, verify the builder’s licensing status through the Ontario Builder Directory, which provides essential credibility information including their claims history and construction track record.

Package deals

Package deals function as the developer’s primary value-delivery mechanism when direct price reductions would compromise comparable sales data or trigger contractual price-adjustment clauses for earlier buyers—meaning that builders routinely bundle thousands of dollars in genuine concessions (parking upgrades, extended deposit schedules, waived assignment fees, capped occupancy costs) specifically because these additions don’t officially reduce your purchase price, thereby preserving their pricing integrity across the entire project while still providing you with measurable financial benefits that reduce your total acquisition cost.

You’ll extract maximum value by requesting packages that address your specific financial constraints—investors should prioritize unlimited assignment rights combined with lease-during-occupancy permissions, while end-users benefit more from capped development charges, extended deposit schedules spreading payments across twelve months instead of four, and closing cost credits covering utility connections that otherwise drain savings immediately before possession. Package negotiations should explicitly address occupancy fee caps since these monthly carrying costs during the interim period between occupancy and final closing can accumulate into thousands of dollars in unanticipated expenses that aren’t reflected in your purchase price.

Developer cost vs charge

Because developers categorize every closing cost into precisely two buckets—actual third-party expenses they’re merely passing through to you, and profit-generating fees they’ve invented to pad their margins—you’ll need to distinguish between legitimate municipal charges that no amount of negotiation will eliminate (development charges funding infrastructure, Tarion enrollment fees mandated by provincial law, land transfer taxes collected by government) and developer-created administrative costs that exist solely because builders discovered they could charge them (occupancy fees calculated at rates exceeding their actual borrowing costs, legal fee markups beyond standard representation, utility connection charges inflated far above the $500 that hydro companies actually bill).

Challenge every line item by demanding documentation—actual municipal invoices for development charges, utility company bills for hookups, provincial fee schedules for mandatory enrollments—because developers routinely misrepresent discretionary administrative padding as non-negotiable government requirements. These adjustment amounts may include several miscellaneous charges and are best reviewed with legal advice to prevent unexpected expenses that could have been identified and challenged during the negotiation phase.

Assignment clause

The assignment clause buried in your Agreement of Purchase and Sale determines whether you’ll retain the contractual flexibility to transfer your rights to another buyer before closing or find yourself shackled to a pre-construction commitment you can no longer afford, no longer want, or desperately need to escape when your employer transfers you to another city three years before your unit’s scheduled completion.

Yet developers have transformed what should function as a reasonable exit mechanism into a profit center so lucrative that some builders now structure their entire business model around extracting maximum fees from desperate assignors. You’ll encounter clauses that require written consent, impose assignment fees ranging from $1,000 to $10,000 (plus HST), or prohibit assignments entirely, converting your purchase agreement into a financial trap with no market-based escape.

Understanding the tax implications becomes critical when you assign your agreement, as the assignment fee charged by the builder for transferring the agreement is generally subject to GST/HST. This means the builder’s administrative fee for processing your assignment—which can already represent a substantial cost—will be taxed at Ontario’s 13% HST rate, adding hundreds or even thousands of dollars to your transaction costs and further reducing any profit you might have realized from selling your contractual interest in an appreciating market.

Cancellation rights

While developers have spent decades perfecting the art of trapping buyers in ironclad purchase agreements that function more like financial prisons than commercial contracts, Ontario’s Condominium Act provides you with a statutory 10-day cooling-off period that begins the moment you receive either the fully executed agreement or the disclosure statement, whichever arrives later.

During this window, you possess an unconditional right to walk away from your purchase, reclaim every dollar of your deposit plus any upgrade payments with accrued interest, and face absolutely zero financial penalties, *irrespective of whether* you’ve simply changed your mind, discovered through your lawyer that the agreement contains predatory clauses that would make a loan shark blush, or realized that the carrying costs will bankrupt you long before occupancy.

Beyond this window, cancellation becomes considerably harder, requiring proof of material misrepresentation or undisclosed changes. You must provide written notice to the developer within the timeframe specified in your agreement to properly exercise your termination rights if grounds for cancellation exist after the cooling-off period expires.

FAQ

Can the builder increase development charges beyond the cap negotiated in my APS, and what recourse do I have?
Under what specific conditions can I assign this contract, and what fees will the builder charge?
If the builder delays closing beyond the Firm Occupancy Date, am I entitled to compensation or deposit interest? Independent legal advice is recommended if the builder asks for additional payments or imposes new conditions beyond what was originally agreed to in your purchase agreement.

Conclusion

Pre-construction purchases in Ontario aren’t casual transactions you can stumble through with optimism and a signing pen, because the APS you execute today will govern every dollar you spend, every timeline you rely on, and every legal remedy available when the builder inevitably exercises the discretionary clauses you didn’t negotiate out of the contract.

You need a real estate lawyer—not your cousin who handles wills, not the developer’s recommended solicitor who coincidentally closes ninety percent of their units without client amendments, but an independent professional who dissects builder-friendly terms before you’re locked into price escalation clauses, assignment restrictions with punitive fees, and occupancy delays that stretch twenty-four months beyond your planned move-in date while your deposit sits dormant and your rental lease expires with no recourse.

Printable closing costs checklist (graphic)

Because closing costs on pre-construction purchases routinely ambush buyers who’ve mentally earmarked every dollar toward their down payment without accounting for the additional $15,000–$40,000 in mandatory fees that materialize between contract signing and final closing, you need a systematic checklist that quantifies each expense category before your lawyer calls three days pre-closing to inform you that development charges exceeded the builder’s estimate by $8,000, land transfer tax on your $650,000 unit totals $13,950 after Toronto’s municipal surcharge, and the lender requires proof of property insurance and a $4,200 CMHC premium payment you never budgeted for.

Print the checklist below, populate the cost column using your specific municipality’s rates and your purchase price, then add a 15% contingency buffer because builders consistently underestimate development charges and utility connection fees in their preliminary estimates. The Tarion warranty fee is calculated as a percentage of your purchase price and must be paid at closing to secure mandatory defect protection under Ontario’s New Home Warranties Plan Act.

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