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New Home Sales Contract Template for Canada

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Key Requirements PROMPT example:

New Home Sales Contract

"I need a New Home Sales Contract for a luxury property development in Vancouver, British Columbia, with specific provisions for custom finishes and a phased completion schedule extending through March 2025."

Document background
The New Home Sales Contract is a crucial legal document used in Canadian residential real estate transactions involving newly constructed properties. It serves as the foundational agreement between builders/vendors and purchasers, incorporating all necessary elements required by federal and provincial legislation. This contract is specifically designed to address the unique aspects of new home purchases, including construction specifications, warranty obligations, and completion timelines. It must comply with provincial new home warranty programs, building codes, and consumer protection laws. The document is typically used when a purchaser is buying a home directly from a builder, whether pre-construction, during construction, or upon completion. It includes comprehensive provisions for protecting both parties' interests, dealing with construction delays, modifications, and warranty obligations, while ensuring compliance with local building regulations and standards.
Suggested Sections

1. Parties: Identification of the Vendor/Builder and Purchaser(s), including full legal names and addresses

2. Background: Context of the agreement, including property development details and builder's credentials

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

4. Property Description: Legal description of the property and lot details

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

6. Closing Details: Closing date, conditions, and requirements for closing

7. Construction Specifications: Overview of construction standards and materials to be used

8. Warranties and Representations: Statutory and additional warranties provided by the builder

9. Purchaser's Covenants: Obligations and commitments of the purchaser

10. Vendor's Covenants: Obligations and commitments of the vendor

11. Title and Ownership: Details about property title transfer and ownership conditions

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 contract clauses including governing law, assignment, and entire agreement

Optional Sections

1. Financing Conditions: Used when purchaser requires mortgage financing to complete the purchase

2. HST Rebate Assignment: Required when the purchaser is assigning their HST New Housing Rebate to the vendor

3. Rental Items: Used when certain items in the home (e.g., water heater, HVAC) are rental units

4. Investment Property Clause: Required when property is purchased as an investment rather than primary residence

5. Construction Delay Provisions: Enhanced provisions for possible construction delays and remedies

6. Secondary Suite Provisions: Used when the property includes a legal secondary suite

7. Premium Lot Conditions: Special conditions for premium lots (corner lots, ravine lots, etc.)

8. Pre-Construction Purchase Provisions: Additional terms specific to purchases made before construction begins

Suggested Schedules

1. Schedule A - Site Plan: Detailed plan showing lot location, dimensions, and positioning of the home

2. Schedule B - Floor Plans and Specifications: Detailed architectural plans and construction specifications

3. Schedule C - Standard Features and Finishes: List of included features, materials, and finishes

4. Schedule D - Terms of Payment: Detailed breakdown of payment structure and timing

5. Schedule E - Warranty Information: Detailed warranty terms and coverage

6. Schedule F - Selected Upgrades and Options: List of any upgrades or options selected by the purchaser

7. Schedule G - Construction Schedule: Expected timeline for various construction phases

8. Schedule H - Homeowner Information Package: Required statutory information package for new home buyers

9. Appendix 1 - Color Selection Form: Purchaser's selections for colors and finishes

10. Appendix 2 - Site-Specific Conditions: Any special conditions related to the specific lot or development

Authors

Alex Denne

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

Relevant legal definitions













































Clauses








































Relevant Industries

Real Estate

Construction

Legal Services

Banking and Finance

Insurance

Property Development

Urban Planning

Construction Materials

Home Warranty Services

Relevant Teams

Legal

Sales

Construction Management

Real Estate

Compliance

Customer Service

Project Management

Quality Assurance

Documentation

Property Development

Relevant Roles

Real Estate Lawyer

Construction Manager

Real Estate Agent

Property Developer

Sales Manager

Compliance Officer

Contract Administrator

Project Manager

Building Inspector

Warranty Administrator

Real Estate Broker

Construction Supervisor

Legal Counsel

Sales Director

Customer Service Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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