Builder inventory versus a recent resale
The two kinds of listing on this page behave differently at the offer table. Builder inventory is a house the builder still owns, sold on the builder's own purchase agreement: the price usually includes HST with the rebate assigned to the builder, the closing date can move, Tarion enrolment starts at your closing, and items such as sod, the driveway top coat and the fence may be outstanding, along with development charges that some agreements pass to the buyer. Have a lawyer read every schedule. A resale of a recent build is a normal Ontario purchase on the standard form: the remaining Tarion coverage transfers to you, HST does not generally apply because the home was lived in, and you can see how the house has settled, where the drywall has cracked and whether the basement stayed dry through two springs. In either case check the grading certificate, any road fee on a rear-lane lot and whether the neighbouring lots are still under construction.