Precon properties, short for pre-construction properties, are homes purchased before being built. This means buyers can secure a property at an early stage of development, often at a lower price than the resale market. Precon properties are typically found in major cities like Toronto and Brampton, where real estate demand is high. Precon Properties in Canada attract a diverse range of buyers. While investors have traditionally favoured them for potential returns, there has been a shift in recent years. End users, including first-time homebuyers and those seeking a new home, have become increasingly interested in precon properties. This trend is driven by the appeal of purchasing a brand-new home and the opportunity to secure a property at today’s prices while having more time to save for a down payment.