Please Note
Prior to placing a public developer lot on hold, please review the hold policy on this page. You can also find answers to the most common questions on our Frequently Asked Question page.
Ready to move forward?
Click the button below to complete the public developer lot hold request form.
Lot Hold Request FormThis information does not pertain to commercial or multi-family parcels.
Lot Hold Policy
- Lots will be available and sold on a first-come first-serve basis at NAC.
- To request a Lot Hold you must complete our online lot hold request form. You will receive confirmation from NAC of the Lot Hold within 48 hours of submitting the request.
- Lot Holds last 7 days, inclusive of weekends and statutory holidays. Lot Holds can be extended on a lot by lot basis; please request an extension on the hold by contacting NAC 24 hours prior to the lot hold expiration date. NAC can only grant additional one week extensions at a time. If at the end of the 7 day period NAC does not receive an extension request, they will release the Lot Hold.
- Backup Holds: NAC will allow for backup holds to be placed on lots if more than one party is interested in holding a particular lot. If Purchaser A puts a hold on their lot, and Purchaser B requests a hold on the same lot, we will allow Purchaser A to have the 7 days with their lot, and they will have to pay the initial 20% deposit and sign their agreement by the end of the 7 days, with no lot hold extensions permitted. If they are unable to complete this, the hold will then be moved to Purchaser B, in which case they will have 7 days to purchase the lot.
- Lot Hold Challenge: If the Lot Hold with Purchaser A is challenged by Purchaser B, then Purchaser B must provide NAC with a cheque representing the 20% down payment on the lot. NAC will notify Purchaser A that a challenge is being issued and Purchaser A will be granted 48 hours, (does not include weekends or statutory holidays), to either execute an Agreement for Sale and provide NAC with the balance of the 20% down payment or alternatively release the lot to Purchaser B.