Buying a presale means choosing your home before it is built. New condo and townhome projects across Metro Vancouver are released months or even years before construction finishes. Soldtoday.ca helps you compare projects in Vancouver, Burnaby, Richmond, Surrey, Coquitlam and North Vancouver.
Read more about buying a presale
Why buy a presale?
- Choose your unit early. Early buyers usually get the widest choice of floor plans, views and floors.
- Pay in stages. You typically pay a deposit in instalments, then the balance at completion.
- Brand-new home. You move into a new building with modern layouts, and usually a new-home warranty.
- Time to plan. Construction takes time, which gives you a longer window to arrange your mortgage.
Presales also carry risks. Completion dates can move, and the market can change between signing and closing. That is why reading the contract carefully matters.
How buying a presale works
- Register your interest. Developers often share pricing and floor plans with registered buyers first.
- Choose a unit. Review the floor plan, size, orientation, parking and storage.
- Review the disclosure statement. In BC, developers must give buyers a disclosure statement that describes the project, and buyers normally have a short period to cancel after receiving it.
- Sign the contract and pay the deposit. Deposits are usually paid in instalments and held in trust.
- Wait for completion. Construction may take several years. Your mortgage is arranged closer to completion.
- Complete the purchase. You pay the remaining balance, receive the keys and take possession.
Presale projects by city
- Vancouver – urban condos close to transit, work and amenities.
- Burnaby – growing neighbourhoods along the SkyTrain line, such as Metrotown and Brentwood.
- Richmond – condos and townhomes close to the airport, shopping and the Canada Line.
- Surrey – larger layouts and some of the region's fastest-growing communities.
- Coquitlam – new projects around the Evergreen Line and Burquitlam.
- North Vancouver – mountain-side living with city access.
Contact us for the latest projects, floor plans and incentives in your preferred area.
Presale FAQ
How much deposit do I need?
Deposits vary by project, but they are commonly a percentage of the purchase price, paid in stages. The contract states the exact amounts and dates.
Can I cancel a presale contract?
In BC, buyers have a limited rescission period after receiving the disclosure statement. After that, cancelling can mean losing your deposit, so read the contract carefully and ask a lawyer before signing.
Can I sell my presale before it completes?
Some contracts allow assignments (selling your contract to another buyer), and some do not. Assignments have specific rules and tax implications, so confirm the current requirements with a lawyer before listing one.
When will my new home be ready?
Projects give an estimated completion date, but delays can happen. Ask how the contract handles late completion.
What taxes and costs should I expect?
Besides the purchase price, new homes may include GST, property transfer tax and legal fees. See our BC Property Transfer Tax guide and our first-time buyer grants page for details.
Do I need a realtor for a presale?
Not required, but a realtor can compare projects, explain the contract and negotiate on your behalf.
Talk to Soldtoday.ca about presales
Looking for a presale condo or townhome in Metro Vancouver? Contact Soldtoday.ca for current projects, floor plans and expert guidance from start to finish. We can help in English, Cantonese and Mandarin.
You can also search current MLS® listings or use our mortgage calculator to plan your budget.