Honest side-by-side comparison of presale vs resale condos in BC — true costs, timing, deposits, tax treatment, and resale value.
Presale offers brand-new construction, warranty coverage, and staged deposits but you wait 1–4 years for completion. Resale gives you a known unit, immediate occupancy, and an established strata — at typically higher upfront cost.
No. GST applies to new construction only. Resale condos sold by an individual owner are exempt.
Historically, presale units in growing Metro Vancouver markets have captured appreciation between signing and completion. There is no guarantee — verify recent comparables in the specific neighbourhood.