How to Buy a Presale Condo in BC

Step-by-step walkthrough of the BC presale buying process from VIP early access through key handover, updated for 2026 rules.

Frequently asked questions

How does VIP presale access work in BC?

VIP access is the early-buyer window before public launch when registered buyers see floor plans and pricing first. There is no cost to the buyer — the developer pays the realtor commission.

What is REDMA?

The Real Estate Development Marketing Act is the BC statute that governs presale sales. It requires a filed disclosure statement, holds deposits in trust, and grants the buyer a 7-day rescission period.

When do I need a mortgage approval for a presale?

Get pre-approved before signing. Final approval is required closer to completion, when lenders re-qualify you against current rates and the completed appraisal.