New Home Purchase Agreement for Canada

New Home Purchase Agreement Template for Canada

A comprehensive legal document governed by Canadian federal and provincial laws that establishes the terms and conditions for the purchase of a newly constructed residential property. This agreement outlines the rights and obligations of both the buyer and the builder/seller, including purchase price, construction specifications, warranties, completion timelines, and closing conditions. It incorporates mandatory consumer protection provisions, new home warranty requirements, and construction standards specific to Canadian jurisdictions, while ensuring compliance with provincial real estate regulations and building codes.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free
Upload to review

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a New Home Purchase Agreement?

The New Home Purchase Agreement is a crucial legal instrument used in Canadian residential real estate transactions involving newly constructed properties. This document is essential when a buyer purchases a home directly from a builder or developer, whether the property is pre-construction, under construction, or recently completed. It must comply with provincial real estate laws, construction regulations, and consumer protection legislation, including mandatory warranty programs. The agreement typically includes detailed specifications of the property, construction standards, completion timelines, warranty provisions, and payment terms. It protects both the buyer's and seller's interests while ensuring transparency and compliance with local building codes and development regulations. This document is particularly important in Canada's active new construction market, where it helps manage the complex relationship between builders and buyers while providing legal safeguards for both parties.

What sections should be included in a New Home Purchase Agreement?

1. Parties: Identification of the buyer(s) and seller(s) with full legal names and addresses

2. Background: Context of the agreement and brief description of the property being purchased

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed legal description of the property and included fixtures/fittings

5. Purchase Price: Total purchase price, deposit requirements, and payment structure

6. Closing and Completion: Closing date, completion procedures, and conditions precedent

7. Builder Warranties and Representations: Warranties provided by the builder regarding construction quality and compliance

8. Property Inspection: Pre-delivery inspection process and deficiency resolution procedures

9. Title and Ownership: Terms regarding clear title transfer and ownership rights

10. Taxes and Adjustments: Provisions for property taxes, utilities, and other adjustments

11. Insurance and Risk: Requirements for insurance and allocation of risk prior to closing

12. Default and Remedies: Consequences of default by either party and available remedies

13. Notices: How formal communications between parties should be made

14. General Provisions: Standard legal provisions including governing law, assignment, and severability

What sections are optional to include in a New Home Purchase Agreement?

1. Financing Conditions: Include when buyer requires mortgage financing to complete purchase

2. Construction Schedule: Include for properties still under construction, specifying completion milestones

3. Upgrades and Modifications: Include when buyer has selected custom upgrades or modifications

4. Rental Units: Include if property contains secondary suite or rental unit provisions

5. Environmental Provisions: Include if property requires specific environmental considerations

6. HST Rebate Assignment: Include when HST rebate is being assigned to builder

7. Development Conditions: Include when property is part of a larger development with specific conditions

8. View and Surrounding Development: Include when there are specific representations about views or surrounding development

What schedules should be included in a New Home Purchase Agreement?

1. Schedule A - Legal Description: Detailed legal description of the property and lot specifications

2. Schedule B - Floor Plans: Architectural drawings and floor plans of the home

3. Schedule C - Specifications: Detailed construction specifications and included features

4. Schedule D - Upgrades and Extras: List of all upgraded features and extra items with pricing

5. Schedule E - Site Plan: Plan showing property boundaries and location of home on lot

6. Schedule F - Warranty Certificate: New home warranty program details and certificate

7. Schedule G - Payment Schedule: Detailed breakdown of payment milestones and amounts

8. Schedule H - Restrictive Covenants: Any restrictions or covenants that run with the land

9. Appendix 1 - Required Disclosures: Mandatory property disclosure statements

10. Appendix 2 - Construction Timeline: Expected construction and completion schedule

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Canada

Publisher

Genie AI

Cost

Free to use

Find the exact document you need

Lease Agreement With Option To Purchase (Real Estate)

A Canadian legal agreement combining property rental terms with an option for the tenant to purchase the property during or after the lease period.

Download

Offer To Purchase Commercial (Real Estate)

A Canadian legal document outlining terms and conditions for purchasing commercial real estate, serving as the initial step in a commercial property transaction.

Download

Option To Purchase Contract (Real Estate)

A Canadian legal agreement granting exclusive rights to purchase specific real estate property within a set timeframe and predetermined conditions.

Download

Offer Agreement (Real Estate)

A Canadian legal document presenting a formal offer to purchase real estate, outlining key terms and conditions under provincial law.

Download

Buyers Contract For House

A Canadian legal agreement outlining terms and conditions for residential property purchase, protecting buyer's interests while ensuring compliance with provincial real estate laws.

Download

Development Agreement (Real Estate)

A Canadian-law governed agreement establishing terms and conditions for real estate development projects, defining rights and obligations of all parties involved.

Download

Exclusive Contract (Real Estate)

A Canadian real estate contract establishing exclusive rights for a brokerage to market and sell/lease a property, governed by provincial regulations.

Download

Developer Agreement (Real Estate)

A Canadian-law governed agreement between a developer and property owner establishing terms and conditions for real estate development projects.

Download

Mutual Agreement (Real Estate)

A Canadian-compliant mutual agreement for real estate transactions, establishing terms and conditions for property transfer between parties under federal and provincial law.

Download

Lease Purchase Agreement (Real Estate)

A Canadian legal document combining a lease agreement with a purchase option for real estate, allowing tenants to rent with the right to buy at a preset price.

Download

Forward Purchase Agreement (Real Estate)

A Canadian law-governed agreement for the future purchase of real estate, typically used for properties under development, outlining purchase terms, construction specifications, and closing requirements.

Download

Buy Sell Agreement (Real Estate)

A Canadian legal contract governing the purchase and sale of real estate property, specifying terms, conditions, and obligations of buyers and sellers under Canadian law.

Download

Sellers Agreement (Real Estate)

A Canadian-compliant agreement between a property seller and real estate brokerage establishing terms for property listing and sale services.

Download

Standard Agreement For The Sale Of (Real Estate)

A legally binding agreement governed by Canadian law that documents the terms and conditions for the sale and purchase of real estate property.

Download

Side Agreement (Real Estate)

A supplementary agreement under Canadian law that modifies or adds terms to a primary real estate contract.

Download

Option Contract (Real Estate)

A Canadian legal agreement granting the exclusive right to purchase specific real estate at a predetermined price within a set timeframe.

Download

Non Exclusive Agreement (Real Estate)

A Canadian non-exclusive real estate agreement allowing property owners to work with multiple agents or sell independently, compliant with federal and provincial regulations.

Download

Joint Venture Agreement (Real Estate)

A Canadian-law governed agreement establishing a joint venture between parties for real estate development, investment, or management purposes.

Download

Joint Development Agreement (Real Estate)

A Canadian-law governed agreement establishing terms for multiple parties to jointly develop real estate projects, defining rights, responsibilities, and profit-sharing arrangements.

Download

Equity Sharing Agreement (Real Estate)

A Canadian-compliant legal agreement establishing terms and conditions for shared real estate ownership, including financial, management, and operational provisions.

Download

Exclusive Agreement (Real Estate)

A Canadian-law governed agreement establishing exclusive rights for a real estate agent/brokerage to market and sell/lease a property.

Download

Co Op Agreement (Real Estate)

A Canadian legal agreement establishing the relationship between a housing cooperative and its members, defining rights, responsibilities, and terms of cooperative living.

Download

Closing Agreement (Real Estate)

A Canadian legal document that finalizes real estate property transfers, detailing closing terms and conditions under federal and provincial jurisdiction.

Download

Lease To Own Commercial Property Contract

A Canadian legal agreement combining commercial property lease terms with a future purchase option, governed by federal and provincial commercial property laws.

Download

Real Estate Novation Agreement

A Canadian legal agreement that substitutes one party for another in an existing real estate contract, transferring all rights and obligations while maintaining the original terms.

Download

Property Easement Agreement

A Canadian legal document establishing rights for one party to use or access another's property for specific purposes, subject to provincial property laws and registration requirements.

Download

Offer To Lease Commercial Property

A Canadian legal document outlining proposed terms for leasing commercial property, serving as the foundation for the final lease agreement.

Download

Sale Agreement For House

A Canadian legal agreement documenting the terms and conditions for the sale and purchase of residential property, ensuring compliance with federal and provincial real estate laws.

Download

Property Agreement Between Two Parties

A Canadian-law governed agreement establishing property rights and obligations between two parties, including terms of transfer and ownership conditions.

Download

Lease Option Agreement Houses For Sale

A Canadian legal document combining a residential lease with an option to purchase the property, subject to federal and provincial real estate laws.

Download

Commercial Real Estate Listing Agreement

A Canadian jurisdiction agreement between a property owner and real estate brokerage establishing terms for listing and marketing commercial property for sale or lease.

Download

Agreement Between Land Owner And Developer

A Canadian legal agreement establishing terms between property owners and developers for land development projects, governed by provincial and municipal regulations.

Download

Wholesale Contract

A Canadian-law governed agreement establishing terms and conditions between wholesaler and buyer for the supply of goods at wholesale level.

Download

Standard Property Lease Agreement

A Canadian-compliant legal agreement establishing terms and conditions for residential property leasing, governed by federal and provincial laws.

Download

Residential Real Estate Contract

A legally binding agreement for residential property transfer in Canada, outlining sale terms and conditions while ensuring compliance with federal and provincial regulations.

Download

Real Estate Mortgage Agreement

A Canadian legal agreement establishing a security interest in real property between a lender and borrower, governed by federal and provincial laws.

Download

Property Exchange Agreement

A Canadian legal document facilitating the exchange of real property between parties, outlining terms, conditions, and compliance with federal and provincial requirements.

Download

Personal Property Purchase Agreement

A Canadian law-governed agreement for the sale and purchase of personal property, detailing transaction terms and transfer of ownership.

Download

Joint Venture Agreement Between Land Owner And Developer

A Canadian-compliant agreement establishing a joint venture between a land owner and property developer for real estate development purposes.

Download

Commercial Contract Unimproved Property

Canadian commercial contract template for unimproved property transactions, incorporating federal and provincial legal requirements.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now