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Booking your new home or condo require lots of home work before you decide weather this project is a perfect fit for you and your family or not and one of the important step is to work out on deposit structure. Deposit structure configuration is normally different for home and condos. There is no set rule for it and mainly depend on builder and the location of project. Normally for condos deposit structure looks like this


$5,000 with the offer

5% of the purchase price minus the initial deposit ($20,000) within 30 days

5% ($25,000) within 60 to 90 days

5% ($25,000) within 90 to 180 days

5% ($25,000) at occupancy


For homes it is usually 5-10% of total cost of your unit before closing. It is very important that buyer do their calculation and arrange their finances before sign the contract