New Presale Condos Across Metro Vancouver & British Columbia
Check out our Regional Map of Pre-Sales in Vancouver & BC with our comprehensive coverage of new construction real estate developments. Then join Mike’s Pre-sale Condos VIP List, and be first to hear about new Pre-sales in Vancouver and across British Columbia and Gain Access to VIP Openings & Special Promotions as well as detailed presale pricing and floor plans before anyone else! This is also the place we you can find presale condos near me!
Listed below the map are many of the cities we cover across British Columbia with new presale condos for sale. Browse the list to view pre-sales available in those cities. The city pages you land on will also have a map of the cities you selected with a grid of all the preconstruction new condo projects for each city.
Vancouver Presale Condos & New Construction Condos in Vancouver
What is A Vancouver Presale and Why Buy One?
A presale is when a condo developer sells the suites of the development before it has been completely built and often before construction has even begun. This presale requirement is because the developers lenders want to be certain that the project is financially viable based on these presales. As a buyer in one of these preconstruction condos, purchase the right to the future property. For more detail, lease see our article on What is a presale?
Vancouver’s new condo (or presale condo, as it is often termed) market offers an array of exciting opportunities for buyers—from those aspiring to homeowner status for the first time to experienced real estate investors. The presale market, however, is a bit different from the resale market.
BC Has Strong Presale Condo Buyer Protections!
Keep in mind there are strong regulatory protections for presale condo buyers under the Real Estate Development Marketing Act (REDMA) and you can kill an accepted offer on a presale with no penalties with the 7 day rescission period under the legislation. This 7 day rescission period is distinct from the Home Buyer Rescission Period program for existing properties. Please let us know if you have any questions!
What are Strata Fees?
Remember, when you are buying a presale in Vancouver or across British Columbia, when you complete you have to pay a monthly strata fee. When deciding on a preconstruction home in BC, make sure you understand this important part of owning a multifamily home by reading our post on what are strata fees.
FAQ Section for Presale Condos in Vancouver
How Do I Buy a Presale Condo in Vancouver?
Purchasing a presale condo involves several steps, including researching developers, reviewing contracts, and securing financing. It’s essential to work with a knowledgeable realtor to navigate the process.
👉 For a detailed guide, check out How to Buy a Presale Condo in Vancouver.
What Are the Benefits of Buying a Presale Condo?
Presale condos offer several advantages, such as:
- Time to save while the unit is being built.
- Potential for property appreciation by the time of completion.
- Customization options for finishes and layouts.
However, it’s important to consider factors like deposit requirements and market conditions.
Are Presale Condo Assignments in Vancouver a Good Investment?
Presale condo assignments can be a strong investment, particularly in Vancouver’s competitive real estate market. They allow buyers to lock in today’s prices for a future property, potentially gaining equity by the time the unit is ready.
👉 Learn more about the pre-sale condo assignment process and how it might impact your investment strategy.
What Is a Pre-Sale Condo Assignment?
A pre-sale condo assignment allows the original buyer to sell their contract to a new buyer before the building is completed. This can provide flexibility for investors and buyers alike.
👉 Find out more about pre-sale condo assignments in Vancouver.
How Much Deposit Is Required for a Presale Condo in Vancouver?
Typically, deposits range between 15% and 25% of the purchase price, paid in installments. Specific deposit structures vary by developer, so it’s important to review the terms carefully.
Can I Negotiate the Price of a Presale Condo?
In most cases, the price of presale condos is set by the developer and isn’t negotiable. However, developers may offer incentives, such as appliance upgrades, parking spaces, or discounts on closing costs.