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What is the deposit structure for Modtera Towns?

What is the deposit structure for Modtera Towns?

Modtera Towns features one of the most buyer-friendly deposit structures currently available in the GTA pre-construction market. The schedule is as follows: $5,000 on signing, balance to 5% (minus $5,000) in 30 days, then 1.5% at each of 90, 120, 150, 180, 210, and 240 days, with a final 1% due on occupancy. The total deposit before occupancy is approximately 15%, spread across manageable staged intervals. Additional purchase incentives include $0 assignment fees, capped development charges ($4,000 for one-bedroom units and $8,000 for two-bedroom-plus units), a free lawyer review of your purchase agreement, free mortgage arrangement, parking included, and a décor studio credit.