Quick answer
Ontario builders commonly stage new-home deposits over several instalments rather than requiring the full amount at signing; the exact schedule varies by builder. Tarion protects freehold deposits up to a statutory limit under the Ontario New Home Warranties Plan Act.
Why deposits are staged
Builders commonly spread the deposit over several instalments rather than requiring the full amount at signing, so buyers aren't asked to produce the entire sum on day one. The exact schedule varies by builder and by project — ask the Lackner Ridge sales team for the current structure.
Deposit protection
Tarion protects freehold deposits up to a statutory limit under the Ontario New Home Warranties Plan Act. Ask your lawyer or the builder how coverage applies to your specific deposit amount.
Planning your cash
Keep deposit funds in liquid, low-risk accounts, and avoid locking money into terms that mature after a scheduled deposit date. Timing mismatches like this are one of the most common avoidable problems buyers run into.
Pricing referenced above is preliminary VIP pricing and subject to change without notice. We do not represent the builder. Register below for the official Lackner Ridge Townhomes price list and floor plans.
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