Pre-Construction
Bought a pre-construction home? Lock your rate before you move in.
Lock today's rate for 120 days now. We re-check the market monthly all the way to your move-in date — and we handle both the interim occupancy mortgage (when you move in) and the final closing mortgage (when the building registers).
120-day rate lockRe-shop monthlyInterim occupancyFinal closingAssignments OKBuilder warranty aware
5-star rated| FSRA #13737| 5-min pre-qualification
Bought a pre-construction condo?
From deposit to keys — we handle every step.
We arrange your interim occupancy mortgage (when you move in) and your final closing mortgage (when the building registers), so there are no surprises.
Interim occupancy countdown
1
year
8
months
12
days
Deposit20% staged
Interim occupancy feeinterest-only
Final closingwe re-shop at occupancy
Maya · AI · 24/7
Pre-construction — do I get my rate now or at occupancy?
5-star rated| FSRA #13737| 50+ langs
Pre-construction is a multi-step financing journey. Initial deposits, milestone deposits, occupancy, registration. Most buyers wait too long to engage a broker — we recommend starting 18 months before occupancy.
What you get
Why Canadians choose Mortgage Squad Advisors.
Pre-approval as soon as you have an APS
120-day rate holds, refreshed as occupancy approaches
We track your build milestones and rate environment
Re-qualify if your situation changes (income, dependents, etc.)
Occupancy fee calculation and planning
Coordinating with builder's preferred lawyer (or our own)
Maya alerts you when rates drop ahead of occupancy
Assignment-friendly lenders (when permitted)
How it works
Three steps. No jargon. No pressure.
1
Engage Early
12-18 months out, send us your APS. We pre-qualify and start tracking.
2
Lock + Re-Shop
Lock 120-day rate holds. Each renewal of the hold, we re-shop the market.
3
Close at Occupancy
30-45 days before occupancy, we firm up the file and fund.
How early can I get a mortgage on pre-construction?
As soon as your firm APS is signed and your status changes from 'cooling-off period' to 'firm.' Many clients pre-qualify within a week of signing.
Will my rate hold last until occupancy?
120 days is the typical max rate hold. If occupancy is 18 months out, we re-do the hold every 90-120 days.
What if rates drop before occupancy?
We re-shop. Most lenders will give you the lower of (locked rate) or (current rate at funding) within their hold.
What if my income changes?
We re-qualify. If your story improves, great. If it worsens, we identify alternatives early — much better than at occupancy when you have no time.
What's an occupancy fee?
An interim payment paid to the builder (not your lender) between occupancy and registration. Equivalent to interest on the unpaid amount + property tax estimate + condo fees.
Can I assign my pre-construction unit?
Sometimes (depends on builder + governing condo declaration). Lenders treat assignments cautiously — we handle the documentation.
What if construction is delayed?
Common. Your rate hold extends if we have evidence of delay. Lenders are generally accommodating on builder-side delays.
Should I pre-construct in this market?
Depends on your timeline, market, and risk tolerance. We don't sell pre-construction — we just finance it for buyers who've decided. Maya can model carry costs if you want a sanity check.