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The Global Properties platform features over 2 listings of properties for sale in off-plan projects in Canada, suitable for both investment and living. Use the advanced search system with numerous filters to select properties based on criteria such as price, area, number of rooms, location and construction stage. You can sort listings by name, popularity, publication date or price (ascending/descending). Carefully review the details of your preferred apartments or houses in Canada and contact the seller directly to get answers to your questions.
- Minimum price for off-plan in Canada: USD 65000
- Maximum price: USD 29.4 million
Foreigners cannot obtain residency solely by purchasing real estate in Canada. However, there are alternative ways to legalise residency through various investment options. One such option is the Start-Up Visa programme, which allows startup founders to apply for permanent residency. The minimum investment required to participate in this programme is USD 250,000.
There's also the Quebec Investor Programme, which enables applicants to qualify for permanent residency and eventually, citizenship after three to five years of living in Canada. This programme requires a minimum investment of CAD 1.2 million (USD 886,800) into Quebec's economy.
Both programmes cater to family immigration. Startup founders can include their spouses and children under 22 years of age in their application, while investors in Quebec's economy can include their spouses and minor children.
Off-plan properties in Canada
The demand for off-plan developers in Canada is driven by reduced prices that developers offer during the early stages of construction, along with flexible payment schedules. In most cases, the cost of off-plan housing is 20-30% lower than that of a completed project with similar features. Once the contract is signed, the price is fixed, allowing buyers to continue making payments per the agreed instalment plan, even if market prices increase.
Here are some key considerations before deciding to buy off-plan in Canada:
- Preliminary contract: If you plan to live in the purchased property, it’s essential to sign a preliminary contract with the developer or contractor responsible for the project. This document obliges you to purchase the property under specified conditions and includes various protective measures. However, signing a preliminary contract is not mandatory if you intend to invest in the property solely for rental purposes;
- Mandatory clauses: Most preliminary agreements contain similar provisions to those found in the purchase contract, but the latter typically includes additional clauses. These often specify a cancellation period during which the buyer can withdraw the deal (usually around 10 days), conditions for the return of the deposit if the project is delayed and details regarding taxes included in the property price;
- Information memorandum: The contract should include an information memorandum listing the names of the architects, engineers, developers and builders. It should also provide a plan for the entire project, a summary of the construction stages and a preliminary budget detailing construction costs.
Off-plan properties by developers in Canada for investment
The main advantages of buying off-plan property for investment in Canada:
- High return on investment: Investors can profit from reselling the property by earning the difference between the initial price at the foundation stage and the market price upon project completion. Additionally, they can recover their funds sooner by renting out the property to tenants. To maximise this potential, it’s essential to choose a property in a desirable location with features that attract potential renters;
- Customisation of housing: Purchasing off-plan homes and apartments in Canada allows buyers to choose finishes and design elements that suit their preferences. Future residents can personalise their property with options for flooring, furniture, plumbing and colour schemes. In some cases, developers permit investors to modify the layout and floor plans, enabling them to create a space that perfectly suits their needs;
- Alignment with modern trends: Developers strive to attract buyers with innovative architectural designs and eco-friendly technologies. New projects are characterised by high quality, energy efficiency, elegant designs and well-thought-out layouts;
- Lower maintenance and repair costs: New properties do not require major or cosmetic repairs, unlike secondary market real estate. Investors can rest assured that they won’t have to worry about maintenance during the initial years of ownership. Additionally, properties purchased directly from developers typically come with a warranty for any defects.
New off-plan projects in Canada
Use the Global Properties platform to select and purchase property in an under-construction development in Canada. The catalogue is updated daily with verified listings from reputable developers and agencies. Features such as quick links, an interactive map and a currency converter enable buyers to easily find a property that meets all their preferences.