Buying a pre-construction condo in Montreal is an exciting way to invest in the future. With modern layouts, energy-efficient buildings, and the chance to choose finishes, it’s no wonder this option appeals to both first-time buyers and seasoned investors. But like any real estate decision, it’s important to weigh the pros, cons, and timing before signing a purchase agreement.
Here’s a full breakdown of what you need to know in 2025.
What Is a Pre-Construction Condo?
A pre-construction condo is a unit purchased before it’s built—often while the project is still in the planning or early development phase. Buyers reserve their unit through a builder or sales office and pay deposits in stages as construction progresses. Once the condo is completed and registered, ownership officially transfers, and the buyer takes possession.
The Pros of Buying Pre-Construction
- Lower Initial Cost and Flexible Payments
Pre-construction condos often start at lower prices than resale units in the same area. Builders usually require a deposit of 15%–20%, spread out over several months or even years, giving buyers more time to save.
- Customization Options
Many developers let you choose finishes, flooring, cabinetry, and sometimes even layout tweaks. This personalization adds value and ensures the condo fits your style.
- Modern Amenities and Building Standards
New builds meet current energy codes and offer modern amenities such as gyms, rooftop terraces, coworking lounges, and more. They’re also built with the latest materials and soundproofing standards.
- Appreciation Potential
If the area around the project grows or becomes more desirable, your condo’s value could increase even before you move in. This is especially true in areas near new metro stations, university campuses, or urban redevelopment zones.
The Cons and Considerations
- Delayed Occupancy
Construction timelines can shift. Weather, material shortages, or permit delays may push your move-in date back months or even years. Be sure to review the occupancy date and understand your rights in case of delays.
- Interim Occupancy Period
After your unit is built but before the condo building is officially registered, you may enter an “interim occupancy” phase. During this time, you pay a monthly fee (not a mortgage), and you don’t yet legally own the unit. This can last several months.
- Less Predictable Costs
You may face rising condo fees, development levies, or upgrades that weren’t part of the original price. Always read the fine print and work with a broker like Arnaud Kuyumcu to review the developer’s reputation and contract details.
- No Immediate Rental or Living Use
Unlike resale properties, pre-construction condos don’t generate rental income right away. This means a longer wait before seeing a return on investment.
Timeline: What to Expect
- Reservation and Deposit
Choose a unit and sign a reservation agreement. You’ll pay an initial deposit (often around 5%). - Cooling-Off Period (10 Days)
In Quebec, you have a brief period to review the contract and back out without penalty. Use this time to consult a notary and your broker. - Progressive Deposits
Additional payments are made in stages, usually reaching 15%–20% total by the time construction begins. - Construction and Interim Occupancy
This stage may take 1–3 years, depending on the project. Once your unit is ready, you can move in during the interim phase. - Final Closing and Registration
When the building is registered, your mortgage begins, and you officially take ownership.
Should You Buy Pre-Construction in Montreal?
In 2025, Montreal’s condo market remains active, especially in areas like Griffintown, Ville-Marie, and Saint-Henri. Pre-construction condos offer long-term value and lifestyle benefits—if you’re prepared for the timeline and possible delays.
To make a smart purchase, work with a real estate expert who knows the local market, the best builders, and how to spot potential issues before you commit.
Thinking about buying pre-construction? Let Arnaud Kuyumcu help you navigate the process with confidence and clarity. Contact him today to explore current projects and opportunities across Montreal.
