This is not the official website of Camcos Living or Meadowvale Brooks. This page is independent information prepared by Jatin Dua, Sales Representative, RE/MAX Quantum Realty. Project details are subject to change without notice.
What's Your Unit Worth Right Now?
Get a free AI-powered price range for your condo in under 90 seconds — floor, exposure, view, parking and locker included. No name or address required.
Get My Free Estimate →
Current as at 25 August 2026. Every legal point below was read from the official e-Laws consolidation or the regulator’s own published material on that date. Legislation, regulations and in-force dates change — several provisions here have already had their dates moved more than once.
If you sign an agreement to buy a pre-construction freehold home in Ontario — detached, semi-detached, or a freehold townhome — today, you have no statutory right to cancel it. The agreement binds you the moment it is executed, and your only exit is whatever the agreement itself gives you, or a condition your lawyer negotiated into it.
Ontario has already passed a law that changes this. It is scheduled to come into force on 1 January 2027. A project launching in fall 2026 and taking agreements across the new year will have buyers on both sides of that line, holding materially different rights, on the same street.
What exists today: the condominium cooling-off period
The famous “10-day cooling-off period” in Ontario is a condominium rule. It comes from neither Tarion nor the HCRA, but from section 73 of the Condominium Act, 1998, S.O. 1998, c. 19 (e-Laws consolidation).
Section 73(1) gives a purchaser who receives a disclosure statement and the condominium guide the right to rescind the agreement “before accepting a deed to the unit being purchased that is in registerable form.”
Section 73(2) sets the deadline: notice of rescission must be received by the declarant or the declarant’s solicitor within 10 days of the latest of:
- the date the purchaser receives the disclosure statement;
- the date the purchaser receives the applicable condominium guide under s. 71.1; and
- the date the purchaser receives a copy of the agreement of purchase and sale executed by the declarant and the purchaser.
The clock does not start at signing. A buyer who signs on a Saturday but does not receive the executed agreement and disclosure statement until Thursday has a window running from Thursday. This is the most misunderstood feature of the rule.
Section 73(3) requires the declarant to “promptly refund, without penalty or charge … all money received from the purchaser,” with interest at the prescribed rate. (That rate is set by regulation; I have not verified the current figure — do not rely on a number for it.)
One point is routinely left out: section 74(6) gives a separate, additional 10-day rescission right where a material change occurs or is disclosed in a revised disclosure statement or notice. Anyone describing the condo right as “one 10-day window, full stop” is describing it incompletely.
The right applies to a purchase from the declarant of a unit or proposed unit, not to a resale purchase from a private owner.
And what does not exist today
There is no equivalent in-force statutory rescission right for a freehold purchase in Ontario as at 25 August 2026 — not for a detached house, a semi, or a freehold townhome. If a builder gives you a cancellation window today, the contract gives it to you: a commercial concession on the terms written into the agreement, not a legal entitlement.
What changes on 1 January 2027
The New Home Construction Licensing Act, 2017, S.O. 2017, c. 33, Sched. 1 is being amended to add s. 53.1 and s. 53.2 (“Cooling-off period”) by 2024, c. 18, Sched. 1, s. 4. The e-Laws consolidation carries this note verbatim (source):
“Note: On January 1, 2027, the day named by order of the Lieutenant Governor in Council, the Act is amended by adding the following sections: (See: 2024, c. 18, Sched. 1, s. 4)”
The section-amendment table reads: “2024, c. 18, Sched. 1, s. 4 – 01/01/2027.” The coming provision:
- s. 53.2(2) — the agreement “is not binding on the purchaser until” the vendor has delivered the prescribed information and any prescribed requirements are satisfied.
- s. 53.2(3) — “A purchaser of a new freehold home or other prescribed new home may … rescind the purchase agreement before accepting a deed to the new home being purchased that is in registerable form.”
- s. 53.2(4) — written notice of rescission must be received by the vendor “within 10 days after the latest of”: the date the purchaser receives the prescribed information; the date any prescribed requirements are satisfied; and the date the purchaser receives a copy of the executed purchase agreement.
- s. 53.2(5) — full refund without penalty or charge, plus prescribed interest.
Structurally it mirrors the condominium rule.
Two things I am not going to overstate
The date can move, and already has. The section comes into force “on the day named by order of the Lieutenant Governor in Council.” Third-party reporting describes this freehold cooling-off period as having been delayed to 2027. Read it as scheduled to take effect 1 January 2027, not as locked.
Nobody yet knows exactly how it will work. Section 53.2(1) requires the vendor to deliver “the information prescribed for the purposes of this section,” and the 10-day clock in s. 53.2(4) runs from receipt of that prescribed information. I could not verify that any regulation prescribing that information has been filed. Until one is, the operational detail — what the vendor must hand you, what other requirements must be satisfied, and therefore when the clock actually starts — is not settled.
Only one of these two statements is verified. “The section is enacted and is scheduled to come into force 1 January 2027” — verified from the e-Laws consolidation. “Here is exactly how it will work” — not fully known, and anyone telling you otherwise is filling in blanks the government has not published.
Buying pre-construction? Get the agreement reviewed before you sign.
The cooling-off period is short and the builder’s agreement is written for the builder. Send me the paperwork and I will tell you what is negotiable, what the real closing costs come to, and whether the deal makes sense at that price.
Call or text 437-987-1925 Send me the paperwork
Jatin Dua, Sales Representative — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Why this matters right now
A buyer signing at a fall 2026 launch is signing under the old rules. A buyer signing the same home in January is not.
Sign this fall and there is no statutory way out. Once the agreement is executed you are bound — no 10-day window to walk away and recover your deposit. Your protections are exactly two: what the agreement gives you, and what your lawyer negotiated in beforehand.
The trade-off runs both ways. Buyers signing before 1 January 2027 get no cooling-off period, but their full Tarion deposit coverage is not yet conditional on registering with Tarion. Buyers signing on or after 1 January 2027 are expected to get the cooling-off period, but full coverage becomes conditional on a 45-day registration duty. Neither side is strictly better. Know which one you are on.
Condo versus freehold: rescission, deposits and trust treatment
| Condominium (today and from 1 Jan 2027) | Freehold — today, to 31 Dec 2026 | Freehold — from 1 Jan 2027 (scheduled) | |
|---|---|---|---|
| Statutory rescission right | 10 days from the latest of disclosure statement, condominium guide and executed APS — s. 73(2). Plus a separate 10-day right on a material change, s. 74(6). | None. Binding on signing unless the agreement grants a contractual right. | 10 days after the latest of prescribed information, satisfaction of prescribed requirements, and executed agreement — NHCLA s. 53.2(4). Prescribing regulations not verified as filed. |
| Tarion deposit protection | $20,000 plus accrued interest — O. Reg. 892 s. 6(2), 6(2.1). | $600,000 or less: up to $60,000. Over $600,000: 10% of the purchase price to a maximum of $100,000 — O. Reg. 892 s. 6(1)(c). | Same limits, but conditional on compliance with the 45-day registration duty — O. Reg. 892 s. 6.1. |
| Is the deposit held in trust? | Yes. Condominium Act, 1998 s. 81(1) requires a prescribed-class trustee or the declarant’s solicitor to receive and hold the money in trust, in a designated trust account (s. 81(4)–(5)), unless prescribed security is given in lieu (s. 81(7)). | No statutory trust. The ONHWPA holds only a regulation-making power (s. 23(1)(m.2)) over how a vendor holds deposits; no such regulation verified as made. Protection is indemnity from the guarantee fund under ONHWPA s. 14(1). | Unchanged on the information available. No trust regulation verified. |
Read the deposit row carefully — the headline numbers invert the real picture. The condo $20,000 is a backstop behind a statutory trust, applying where a builder fails to return a trust-held deposit. The freehold $60,000 / $100,000 is the primary protection with no trust behind it: that deposit sits on the builder’s balance sheet, backed by a capped statutory indemnity. Not like-for-like figures, and “condo buyers are worse protected” is the wrong conclusion to draw from them.
What to do about it if you’re buying this fall
1. Ask the builder, in writing, whether the agreement has a rescission clause
Many builders grant a cancellation window voluntarily. It is negotiable, and not automatic. Put these in an email before you are in the room:
- Does the agreement include a rescission or cooling-off clause?
- How long is it, and when does the clock start — signing, or delivery of the executed agreement?
- What form must notice take, and to whom must it be delivered?
- Is the deposit refunded in full, without deduction?
A verbal “of course you can cancel” is worth nothing against a signed agreement.
2. Have a real estate lawyer read the agreement before you sign
People get this wrong by habit. In resale you sign a standard-form agreement and your lawyer reviews title afterward. In pre-construction there is no standard form. A builder’s agreement is drafted by the builder’s counsel, for the builder, and contains provisions no resale agreement does. Reviewing it after signing, with no statutory cooling-off period, means reading a document you can no longer change.
3. Know what your lawyer is looking for
- Rescission rights — whether any exist, their length, and how notice must be given.
- Closing date, extension and delay provisions — how many times the builder may extend, on what notice, and your remedies if it slips.
- Closing adjustments and levies — development charges, utility hookups, grading and driveway deposits, Tarion enrolment, and whether each is capped. Uncapped means the number quoted at signing is not the number you pay at closing.
- Lot premium terms — what the premium buys, and whether it survives a change to the grading or lot configuration.
- Assignment rights — whether assignment is permitted at all, on what conditions, at what cost. No Ontario statute regulates the assignment of a freehold pre-construction agreement or caps builder assignment fees; it is whatever the agreement says.
- Finish and specification substitution clauses — the builder’s right to substitute materials, finishes and suppliers.
- What happens if the plan of subdivision is not registered on time, including who can terminate and on what terms.
4. Register your purchase with Tarion within 45 days
O. Reg. 892, s. 2.1 under the Ontario New Home Warranties Plan Act applies to a freehold purchase agreement entered into on or after 1 April 2026 and requires the purchaser to provide notice of the agreement and particulars of the transaction through Tarion’s designated portal within 45 days after entering into the purchase agreement. That obligation is already in force — a buyer signing today is subject to it.
The penalty timing is the nuance, and it is worth stating exactly:
- s. 6.1(1) — the reduced-coverage consequence “applies in respect of a purchase agreement entered into on or after January 1, 2027.”
- Comply and you get the full limits — s. 6.1(2).
- Fail to comply and compensation comes out of a special fund, subject to s. 4.9 — s. 6.1(3). Under s. 4.9(3)–(4), if the aggregate of such claims in a year is $15,000,000 or less they are paid in full from that fund; if it exceeds $15,000,000, each claim is pro-rated by the formula X = A × (15,000,000 / B).
So a freehold buyer signing between 1 April 2026 and 31 December 2026 who misses the 45 days still gets full coverage. A buyer signing on or after 1 January 2027 who misses it does not.
Tarion describes purchasers registering within 45 days as qualifying “for the maximum available deposit coverage,” with the coverage changes deferred to 1 January 2027 as a transition period. This regulation has been amended three times — O. Reg. 17/25, O. Reg. 388/25 and O. Reg. 95/26 — to move these dates, so treat 1 January 2027 as scheduled, not locked.
Register using the Home ID on the Warranty Information Sheet attached to your agreement; Tarion states buyers without a Home ID can still register. Calendar the 45-day date the day you sign, whichever side of the line you are on.
Buying pre-construction? Get the agreement reviewed before you sign.
The cooling-off period is short and the builder’s agreement is written for the builder. Send me the paperwork and I will tell you what is negotiable, what the real closing costs come to, and whether the deal makes sense at that price.
Call or text 437-987-1925 Send me the paperwork
Jatin Dua, Sales Representative — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Where Meadowvale Brooks fits
Meadowvale Brooks is a 45-home freehold community of single-detached and semi-detached homes by Camcos Living, in the McLaughlin Road and Derry Road West area of Mississauga. Groundbreaking took place 9 July 2026, per the Camcos Living project blog of 7 August 2026.
A fall 2026 launch is anticipated. No launch date has been publicly confirmed by the builder or any public source, and I will not publish one that has not been.
The point here is not the launch date. It is that agreements signed in fall 2026 are freehold agreements under the current rules — no statutory cooling-off period, full Tarion deposit coverage at the $60,000 / $100,000 limits, no statutory trust over the deposit, and a 45-day registration duty already in force. If agreements are still being signed in January 2027, a different set of rules is scheduled to apply.
Ask which set applies to yours. Ask before you sign, not after.
This page is general information, not legal advice. It describes Ontario legislation as it stood on 25 August 2026, not your agreement, and nothing here creates a solicitor-client relationship. In-force dates, regulations and Tarion’s published rules change — several provisions above have already been amended more than once. Consult a real estate lawyer about your specific agreement of purchase and sale, before you sign it.
Sources
- Condominium Act, 1998, S.O. 1998, c. 19, ss. 72, 73, 74(6), 81, 82 — https://www.ontario.ca/laws/statute/98c19
- New Home Construction Licensing Act, 2017, S.O. 2017, c. 33, Sched. 1, s. 53.2 (added by 2024, c. 18, Sched. 1, s. 4; in force 1 January 2027) — https://www.ontario.ca/laws/statute/17n33
- Ontario New Home Warranties Plan Act, R.S.O. 1990, c. O.31, ss. 14, 23 — https://www.ontario.ca/laws/statute/90o31
- O. Reg. 892 (General) under the Ontario New Home Warranties Plan Act, ss. 2.1, 4.9, 6, 6.1 — https://www.ontario.ca/laws/regulation/900892
- Tarion, pre-possession coverage and deposit protection — https://www.tarion.com/homeowners/pre-possession-coverage
- Tarion, coverage before you close — https://www.tarion.com/coverage-before-you-close
- Camcos Living project pages and project blog, 7 August 2026 — camcos.ca
All statutory and regulatory sources observed 25 August 2026.
Get the Meadowvale Brooks price list the day it is released
Not a placeholder — the actual price list and floor plans, the day Camcos releases them. I will also tell you what I think of the pricing, including if I think it is too high.
Call or text 437-987-1925Email me the price list
Mention “Meadowvale Brooks” and I will add you to the list. No spam, and I will not pass your details to the builder without your say-so.
Jatin Dua, Sales Representative — RE/MAX Quantum Realty (Independently Owned and Operated). Information gathered from public sources and believed accurate but not guaranteed. Prices, sizes, specifications and availability subject to change without notice. E. & O.E. Not intended to solicit buyers or sellers currently under contract with a brokerage.