Things to Consider When Purchasing a Pre-Construction Condos Oakville & Mississauga
It can be overwhelming when you are considering buying a pre-construction condo. Regan Irish & Associates, we compiled a few tips for purchasing pre-construction condos in Oakville or Mississauga. A big part of purchasing a condo is a lifestyle choice. Often people who purchase a condo want to change their lifestyle, to travel more, sometimes they want to downsize from their homes to a maintenance-free lifestyle. Another reason why people choose to buy a new condo is the benefit of moving into a shiny and new home, without having to do renovations themselves.
You will want to give some thought to how much space you will require, how many bedrooms do you need, do you require an office/den? What exposure do you like, south west or south east, a city view or overlooking green space? Maintenance fees are calculated on an sq. ft. basis, so depending on the size of the unit and the amenities in the building this will determine how much your monthly maintenance fee will be. Be sure to ask what the monthly fees are going to be and what they include, do you pay extra monthly fees for parking and a locker? Taking the time to understand your wants and needs will make it easier for you to make a decision when buying pre-construction condos at Regan Irish & Associates we can help with this.
One of the many benefits of buying Pre-construction Condos in Oakville or in Mississauga is you will get to choose your own colour choices for your features and finishes from the builder’s standards. Most of the time you will also have the ability to upgrade your unit with some of your own personal touches. Be careful most builder’s upgrades tend to be a bit costly, you normally have to pay for the upgrades you choose at the time of choosing them. Another big perk when buying pre-construction is spreading the deposit monies out over a longer period of time.
When buying Pre-construction Condos in Oakville or Mississauga you usually have to wait 1 year to 3 years, and sometimes it can take up to 5 years to get occupancy, sometimes buyers like the idea of having a long closing.
Things To look out for, be sure to research the developer to make sure that they have a good reputation, you can go to this website to search the Ontario Builder Directory (OBD) to find out if they are a licensed builder, or if they have any complaints or convictions, and how many condos have they built-in Ontario. Regan Irish & Associates, we can help with this
Read your Agreement of Purchase and Sale and the disclosure statement, this is a legal and binding contract between you and the Developer. Regan Irish & Associates, can explain and help you understand these documents. Once you ready to proceed to purchase, let your lawyer review within the 10-day cool-off period which is Condominium Act law, this allows you within this period. review and you will have the ability to cancel the purchase. The deposit required is usually 20 % of the purchase price. The contract will indicate the deposit amounts and dates and when they are due. Your lawyer will explain how your deposit is protected within the Tarion Warranty. Your lawyer will help you understand the Tarion warranty, which includes closing dates, delays, fees, and other possible costs.
If you are Pre-construction Condos in Oakville as an end-user HST is included in the purchase price. Closing costs are something that you should be aware of, these would include; Developer charges or Levies. You can get your lawyer to ask the developer to cap the Development charges. Ask if you assign your agreement before closing? Check if the contract your signing has an assignment clause and if so, what is the fee the developer will charge you.
Before you take interim occupancy, you will be required to do a Pre-Delivery Inspection (PDI) with a representative from the developer. You will walk through your unit and point out anything damaged or missing or incomplete. The Developer’s representative will record all the deficiencies on a PDI checklist, the developer will be mandated under Tarion to do all deficiencies on a scheduled timeline.
You might move into a new condo before the condo project is completed and registered. When that day comes to take occupancy, this is called Interim Occupancy. Question to ask, how long will the Interim occupancy be before the condo building is registered. When you live in interim occupancy, you will have to pay the developer a monthly fee, be sure to ask the sales representative what the fee includes? These fees are not credited to the purchase price. Once the building is registered the title of the condo will be transferred to you.
Buying a pre-construction condo can be a wise investment or lifestyle choice but it’s extremely important you work with an experienced agent that specializes in pre-construction sales. They will be able to help you avoid some of the pitfalls and help guide you to making an informed decision.
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August 2025 GTA Real Estate Market Update | Regan Irish
The August 2025 GTA Real Estate Market Update reflects renewed momentum and affordability in Toronto, Oakville, Mississauga, Burlington, and Muskoka. Thanks to steady interest rates and appealing home prices, July proved surprisingly dynamic. Let’s dig into the numbers and what they mean for you.
Interest Rates Remain Stable — Affordability Fueling Activity
In July 2025, the Bank of Canada maintained its key rate at 2.75%, its third consecutive pause. With lower borrowing costs now more accessible, affordability is encouraging a wave of renewed buyer activity.
GTA Market Overview: Sales Surge, Prices Slightly Dip
- Home Sales: 6,100+ transactions region-wide, marking a 10.9% increase YoY and the strongest July since 2021.
- Month-over-Month: Seasonally adjusted sales rose 13% from June to approximately 5,744 units, the biggest monthly gain in nine months.
- New Listings: Up 5.7% YoY, totaling 17,613 new offers.
- Price Trends:
- The MLS® Home Price Index (HPI) Composite Benchmark fell 5.4% YoY.
- The average GTA selling price dropped 5.5% YoY to around $1,051,719.
- Word on the street indicates the HPI drifted slightly lower—about $979,000, down 0.2% from June.
What It Adds Up To: Buyers are back in force—sales are outpacing new listings while prices softened, creating renewed market opportunities.
City Highlights
Toronto
A more balanced landscape—but some segments remain soft. Condos and detached homes see inventory rising; semis are steadier.
Oakville, Mississauga, Burlington & Muskoka
While TRREB doesn’t break down by city in these reports, regional trends suggest:
- Mississauga & Burlington: Strong rise in listings and dipping average prices give buyers leverage.
- Oakville: Stability in demand for luxury keeps discounts modest.
- Muskoka: Continued strong interest in sub-$2M waterfront properties should benefit from broader GTA momentum.
What This Means for You
- For Buyers:
Renewed affordability, rising inventory, and favorable interest rates make August a prime time to move. - For Sellers:
A more balanced market—strategic pricing and quick response will be key to success. - For Investors & Cottage Buyers:
Strong July sales in the GTA point to increasing investor interest; Muskoka remains a high-value lifestyle and investment destination.
Work With the GTA Real Estate Experts
Whether you’re planning to buy a Muskoka cottage, invest in a luxurious Oakville property, or explore options across Toronto, Mississauga, or Burlington, now is the time to act.
Regan Irish & Associates specializes in luxury, resale, and investment properties across the GTA and Muskoka. Our market insight and negotiation skills help you get the best results—whether buying, selling, or investing.
1320 Cornwall Rd Unit 103, Oakville, ON L6J 7W5
905.842.7677
Visit reganirish.com
Let’s make today’s market your opportunity—contact us today!
Ultimate Guide to Downsizing Your Home in Canada
Alex Irish & Associates and The Regan Team Announce Strategic Merger
Two of the most respected names in real estate, Alex Irish & Associates and The Regan Team, are excited to announce a strategic merger that will combine their expertise, resources, and market reach. This partnership of Regan Irish & Associates brings together the strengths of both firms, offering an enhanced real estate experience for clients across Southern Ontario, including expanding into new regions like Collingwood and Muskoka. The merger reflects both brokerages’ long-standing commitment to providing high-quality, relationship-focused service while leveraging new technologies and business strategies to ensure their clients receive unparalleled support.
“Alex is the consummate professional,” said Matthew Regan, CEO of The Regan Team. “She embodies the qualities of a person I would trust with my own home sale, and I am excited to partner with her to combine the best of both our brokerages. Our goal is to create a work culture that allows our agents to thrive, while being confident and equipped to provide the service our clients deserve. Our clients are going to benefit immensely with a wider and deeper net of potential buyers and an even further reach in marketing and advertising.”
Alex Irish, Founder of Alex Irish & Associates, emphasized that this partnership is the next natural step for her business. “By combining our resources and efforts we knew we’d be able to create a better real estate experience for our clients, our agents and business partners.” she explained. “This merger allows me to focus more on client relationships while also mentoring our agents who can continue to offer that same high level of service. Matthew has built a business model that aligns with my long-term vision, allowing us to scale while still maintaining the personal touch. Simply put, we are better together.”
Alex has built her brand over decades, particularly in the Oakville area, where her name is synonymous with excellence in real estate. Her personal approach, based on referrals and repeat business, has earned her a loyal clientele. Matthew has focused on recruiting top agents and scaling his business, growing The Regan Team to one of the top brokerages in Canada. This merger offers an exciting opportunity to grow into new territories. Together, the merged brokerage will have 15 offices spanning from Niagara to Toronto to Muskoka. This expanded presence means more resources for clients, from enhanced marketing capabilities to a wider net of potential buyers.
The merger will officially take effect on October 31, 2024, and the new branding and operations will be rolled out in the coming months.
About Alex Irish & Associates
Alex Irish & Associates, led by Alex Irish, is a highly respected name in Oakville, known for its personalized, referral-based business model and long-standing relationships with clients. Alex has built her brand on trust, excellence, and attention to detail, qualities that will remain at the forefront of the merged firm.
About The Regan Team
The Regan Team has a long-standing reputation for innovation, process-driven operations, and a focus on agent recruitment and development to provide the highest level of service for their clients. Under Matthew’s leadership, the brokerage has expanded its presence across Ontario, providing agents with the tools and support needed to succeed in a competitive market. For more information on this exciting merger, please contact Matthew Regan.