Verge Condos
RioCan Living · Islington Ave & The Queensway, Etobicoke
Royal LePage Pinnacle project inventory, checked 1 Oct 2026. Better than a listing site, but not the builder speaking. I confirm price, ownership and occupancy with the sales office before you act on any of it.
A 5% total deposit is half what most builders ask, and that is the story here — it is a landlord-developer (RioCan) pricing for volume rather than for a one-off sale. The portal holds both phases with the same terms. Ask which phase your suite sits in and what the reduced deposit does to the closing-day balance, because the money does not disappear, it moves.
What is answered, and what is not
These are the six questions I put to every sales office. 3 of 6 are answered for this project from the material on file. The rest are a call I make for you.
Not answered yet — I’ll ask and send you the reply.
Freehold, POTL or condominium changes your monthly cost for as long as you own it.
From the $600s published — whether it is net of the HST rebate is still to confirm
An investor who cannot claim the HST rebate pays more on closing.
Published — see the schedule below
Amounts, dates, and whether they run to calendar dates or to occupancy.
Not answered yet — I’ll ask and send you the reply.
The date in the agreement — not the brochure — and the delay provisions.
Reduced assignment fee of $1,000 plus HST (legal fees are extra)
Can you sell the contract before closing, and at what fee?
Not answered yet — I’ll ask and send you the reply.
Development-charge caps, utility connections, Tarion, education levies — these are in the agreement itself.
Deposit structure
- 5% reduced structure — $10,000 on signing
- Balance to 5% in 30 days
As published by the builder. Worth mapping against your own cash flow before you commit — the deposit schedule tool does it in a minute.
What I can send you
These are on file for this project now. Ask and they come straight to you.
- Brochure
- Floor plans
- Price list & incentives
- Amenities
- Renderings
About this information.
Details are taken from the builder’s published material and Royal LePage Pinnacle’s project inventory, labelled above with their source. Prices, sizes, deposits, fees, incentives and occupancy are set by the builder, change without notice, and must be confirmed in the agreement of purchase and sale. Renderings are artists’ concepts. Not affiliated with, or published by, RioCan Living. E. & O.E.