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Buying A Pre-Construction Condo Online

Denise Lash
Publication date:
March 20, 2018
Article Summary: 

A Kitchener condominium developer has partnered with BuzzBuzzHome, a website that lists new construction condos and houses in Canada and the US, to allow purchasers to buy new construction condos online. A $3000 deposit is payable by credit card, and two additional deposits, each equal to 5% of the purchase price, are payable by cheque 60 and 120 days after. Purchasers must verify their identity by uploading a copy of a bank, loan or credit card statement and a recent phone or utility bill. The website also offers a ”Get Pre-Approved” button to initiate the mortgage application and pre-approval process. Time will tell if this is the way condos will be bought and sold in the future.


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Source Citation: 
Denise Lash
Buying A Pre-Construction Condo Online
March 20, 2018
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