When you are Buying a Pre construction condo you must prepare your self for some additional expenses which are needed at the time of closing day.
Remember the amount of your closing cost depending in the purchase price of your property and may have some other expenses. I highly recommend to get your contract reviewed by a Lawyer.
•Land transfer tax ( In Toronto we have 2 land transfer taxes )
Ontario Land Transfer Tax & Municipal Land Transfer Tax
•Lawyer Services/Legal fees
•Levies & Development Charges
•Water & Gas Hook up fee
•Tarion warranty enrollment fee
•Developer Charges
•HST ( Your should discuss about the pre construction condo HST with your Realtor/Lawyer and get your contract reviewed by a lawyer who’s specialized dealing in pre constructions condos.)