Markham is one of the most active new construction real estate markets in the Greater Toronto Area. Developers in Markham are actively building new detached homes, townhomes, and condominium projects in communities including Cornell, Cathedraltown, Greensborough, Box Grove, and new phases of established Markham neighbourhoods.
Sales centres are busy. Model homes are impressive. And the process can feel straightforward, until it isn't.
Here’s what many buyers purchasing new construction homes in Markham don’t realize: the sales agent in the builder’s sales centre represents the builder, not you. They are paid by the builder. Their job is to sell the builder’s product at the builder’s price.
Michael John Lau & Neeraj Moolchandani Represent New Construction Buyers in Markham
Michael John Lau and Neeraj Moolchandani of Kaizen Real Estate Team represent buyers purchasing new construction homes in Markham and throughout York Region.
They work exclusively for the buyer, not the developer, ensuring that buyers have informed, strategic representation throughout the new construction purchase process. From initial registration to final closing, they act as your advocates, helping you avoid costly mistakes and negotiate from a position of knowledge.
What Makes New Construction Real Estate in Markham Different
Purchasing a pre-construction or new construction home in Markham is fundamentally different from purchasing a resale property. The builder’s Agreement of Purchase and Sale in Ontario is long, complex, and written by the builder’s lawyers to protect the builder’s interests.
Here are key considerations every new construction buyer should understand:
1. Deposit Structures
Builders typically require large deposits paid in stages over months. Understanding:
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The deposit schedule
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How funds are held
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What happens if the project is delayed or cancelled
…is critical before signing.
2. Occupancy vs. Closing (Especially for Condos)
In many condominium projects in Markham, there is an interim occupancy period where you take possession of the unit but do not yet own it.
During this time:
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You pay occupancy fees
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You do not build equity
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Final closing happens later
Michael and Neeraj help buyers understand how this impacts cash flow and planning.
3. Upgrades and Design Studio Decisions
Builder upgrades are typically sold at significant markups. Not every upgrade adds resale value.
The Kaizen Real Estate Team advises:
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Which upgrades improve long-term value
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Which features buyers in Markham prioritize
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Which items are better done after closing
4. Tarion Warranty Coverage
New homes in Ontario are covered by the Tarion New Home Warranty program.
Understanding:
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What’s covered
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What isn’t
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How to properly document deficiencies
…is essential to protecting your investment.
5. Delayed Closing Clauses
Builders in Ontario reserve the right to delay closing, sometimes significantly.
Michael John Lau and Neeraj Moolchandani help buyers understand:
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The builder’s rights
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Your compensation protections
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How delays may impact mortgage approvals and rate holds
Representation at No Additional Cost to You
One of the most important things new construction buyers in Markham should understand:
Hiring Michael John Lau and Neeraj Moolchandani does not cost extra.
In most new construction transactions in Ontario, the builder pays the buyer’s agent commission. That means you receive:
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Professional representation
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Contract review guidance
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Upgrade strategy advice
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Builder reputation insights
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Ongoing support through closing
…at no additional cost to you.
Active New Construction Communities in Markham
Michael and Neeraj help buyers evaluate opportunities in growing and established communities including:
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Cornell
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Cathedraltown
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Box Grove
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Greensborough
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New phases within mature Markham neighbourhoods
They stay current on:
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Pre-construction launches
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Registration opportunities
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VIP access events
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Builder incentives
Register With Kaizen Real Estate Before Visiting a Builder
If you are considering purchasing a new construction home in Markham, contact Michael John Lau and Neeraj Moolchandani of Kaizen Real Estate Team before visiting any builder’s sales centre.
Once you sign in unrepresented, you may lose the ability to have your own agent represent you in that transaction.
Protect your investment from the start.
📞 Call 647-370-8885
📧 Email [email protected]
🌐 Visit www.kaizenrealestate.ca
🗓️ Book a meeting today
Buying new construction in Markham is a major financial decision. Make sure you have experienced advocates protecting your interests every step of the way.