Pre-Construction Townhomes in Cambridge

Based only on the inventory provided, the current townhome options are Moffat Creek and Cadence, with Cadence marked as selling now.

Using only the supplied inventory, the only verified published starting price is Cadence from $494,990, so the confirmed range currently starts at $494,990; no higher verified townhome price was provided for Moffat Creek.

Deposit structures vary by builder and must be confirmed in the agreement, but Tarion says freehold home buyers should register their purchase with Tarion within 45 days of signing to qualify for the maximum available deposit coverage, with coverage for agreements signed on or after January 1, 2018 generally up to $60,000 for homes priced at $600,000 or less, or 10% of purchase price to a maximum of $100,000 for homes over $600,000.

New townhomes sold in Ontario are generally covered when the builder is properly licensed and the home is enrolled; Tarion says anyone planning to build and/or sell a new home in Ontario must be licensed by the Home Construction Regulatory Authority and must apply to Tarion for approval and enrolment.

Assignment is not automatic; whether you can assign a pre-construction townhome depends on the builder’s agreement of purchase and sale, so buyers should have their lawyer review the assignment clause, any builder consent requirement, timing limits and fees before signing.