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Explore expertly curated presale opportunities across Metro Vancouver. Get key details on upcoming developments, and confidently select your future home or next strategic investment.

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FAQs

Get answers to common questions about real estate investments and their processes.

What is a presale, and how is it different from resale?

A presale is a contract to buy a condo or townhome that hasn’t been built yet. You pay deposits now and close when construction completes—protected by a 7-day rescission right under REDMA.

How much deposit is required, and when?

Most Metro-Vancouver projects ask between 5 – 25 % total deposit, usually split into 3-4 installments over the first year; funds stay in trust.

What is a presale assignment, and can I sell before completion?

An assignment lets you transfer your purchase contract to someone else, subject to the developer’s approval and a typical 2–5 % assignment fee (plus CRA/CSAIR reporting).

Which taxes apply when buying a presale condo in Vancouver?

You’ll pay 5 % GST on completion, except first-time buyers now owe 0 % GST on new homes up to $1 million and a reduced rate up to $1.5 million (announced May 2025). PTT still applies at registration.

What protections does the 7-day rescission period give me?

You can cancel for any reason within seven days of signing or receiving the disclosure statement and get all deposits back.

What’s in the disclosure statement, and why read it?

A disclosure statement is a legal document required under REDMA and filed with the Superintendent of Real Estate. It must be in writing, follow the Superintendent’s prescribed form, disclose all material facts, set out the purchaser’s 7-day rescission rights, and be signed. Inside you’ll find project details (legal description, unit sizes and finishes), developer background, deposit schedule, construction timeline or phasing, common-property & strata information, estimated operating budget, warranties, and any risks that could affect value or completion. Read it carefully—if material facts are missing or wrong, you may rescind the contract or seek remedies.

What happens if construction is delayed?

Contracts allow developers 6-12 months of extensions; beyond that you can usually cancel and receive your deposit (plus interest) back.

Can foreign buyers purchase presales?

No, presales are residential property, and the foreign-buyer ban runs until Jan 1 2027 (few exemptions apply)

Do I need mortgage approval now, or can it wait until completion?

You don’t need final approval today. Lenders issue formal approvals and 90-120-day rate locks closer to completion.

How do you choose the developments listed here?

I review the builder’s track record, financing, location fundamentals, and projected cash flow/appreciation — only solid projects make this page.

Looking to Invest or Buy Presale?

Whether you're eyeing a presale condo or building a real estate portfolio, I’ll help you find high-potential opportunities and make smart, strategic decisions.