Condominium Deposit Insurance

Get The Deposit Financing You Need Today.

FCA is Canada’s Surety Bond Expert Since 1919.

What is Condominium Deposit Insurance?

In Ontario, developers are required by law to retain all purchaser deposits for condominium projects in a trust account until unit closing unless Condominium Deposit Insurance (CDI) is place.

Condominium Deposit Insurance is an ‘insurance policy’ that allows developers to utilize these purchasers’ deposits as a source of project funding.

Terms vary but often deposits can be used to fund either soft or hard costs and FCA can commonly provide terms allowing for the early access to purchaser deposits prior to bank financing. This is highly beneficial for developers as the cost for the deposits is significantly lower than traditional construction financing rates. Terms for CDI are generally issued in conjunction with terms for a Tarion Bond.

The Cost of
Condo Deposit Insurance

The cost of Condominium Deposit Insurance (CDI) depends on:


The size of the deposit facility required


The duration of construction security being offered


The experience of the developer with a specific focus on previously completed projects

Interested in a Free Consultation?

Call us today.