Buying a new apartment is exciting—modern finishes, fresh amenities, and the promise of a brand-new start. But before you sign that purchase agreement, it’s important to look beyond the glossy brochures and ask the right questions.

Here are 5 key questions every Canadian buyer should ask before buying a new apartment.

What’s Included in the Purchase Price?

Developers often advertise an attractive base price, but upgrades can add up quickly. Ask:

• Are appliances included?

• What about parking or a storage locker?

• Are blinds, lighting fixtures, or flooring upgrades extra?

💡 Tip: In many Canadian cities, parking spots alone can cost $40,000–$60,000, so make sure you know what’s bundled in.

What Are the Condo Fees and What Do They Cover?

Condo fees vary widely across Canada and can range from $200 to over $1,000 per month. Make sure you understand what’s covered:

• Heat, water, or hydro?

• Building insurance?

• Amenities like a gym, concierge, or pool?

👉 High fees aren’t always bad if they include valuable services—but hidden costs can hurt your budget.

Who Is the Builder or Developer?

Not all developers are created equal. Research their track record:

• Have their past projects been delivered on time?

• Were there complaints about build quality?

• Do they have a strong reputation in Canada’s real estate market?

✨ A reputable builder means fewer risks of delays or construction issues.

What Is the Timeline for Completion?

New apartments can take years to complete. Ask for a realistic move-in timeline and understand the risks of construction delays.

💡 Tip: Some Canadian pre-construction contracts include “outside dates”—if the builder misses this deadline, you may be able to cancel and get your deposit back.

What Are the Rules and Restrictions?

Every condo corporation has bylaws and rules. Ask in advance:

• Are short-term rentals like Airbnb allowed?

• Are pets permitted?

• Are there restrictions on renovations or balcony use?

Knowing these upfront avoids surprises after you move in.

Final Thoughts:

Buying a new apartment in Canada is an exciting milestone, but the details matter. By asking the right questions about price, condo fees, the developer, timelines, and rules, you’ll protect your investment and avoid unexpected surprises.

Before you sign, work with a trusted realtor or lawyer to review the contract and make sure everything aligns with your lifestyle and budget.