What is a presale condo in BC?
A presale (pre-construction) condo is a home you buy from a developer before it is built, typically at today's price with a staged deposit, and you take possession when construction completes — often 1–4 years later.
How the BC Presale Buying Process Works
The BC presale buying process begins before public launch. Buyers usually register for VIP access, review early pricing guidance, compare floor plans and submit a worksheet before the best homes are released to the general market. Once a unit is allocated, the buyer reviews the contract and disclosure statement, signs documents and enters the statutory rescission review period.
After signing, deposits are paid according to the project schedule. Current 2026 buyer guidance should assume staged deposits averaging 5–15% depending on developer and project type. During construction, buyers monitor milestones, financing readiness, completion notices and any assignment rules. Near completion, the buyer attends a pre-delivery inspection, finalizes mortgage approval and prepares closing funds.
The most important parts of the process are verification and timing. Floor plans, exposure, strata estimates, incentives, deposit deadlines and completion dates can all affect the final purchase decision. A specialist can help compare projects, protect against rushed decisions and coordinate the documents needed before the buyer removes uncertainty.
Common BC presale questions
How much deposit do I need for a presale in BC?
Deposits are staged and typically total 5%–20% of the purchase price, paid in instalments tied to milestones (e.g., on signing, then at set intervals). The exact structure varies by project and developer.
Do buyers pay commission on a presale?
No. With The Presale Properties Group, buyers pay $0 — the developer pays the buyer-agent commission. Using a buyer-side agent does not increase your price.
Is there GST on presale condos in BC?
Yes. New-construction homes in BC are subject to 5% GST. A partial GST rebate may apply for owner-occupiers depending on the price; investors are treated differently. Confirm specifics for your situation.
Are presale deposits protected in BC?
Under BC's Real Estate Development Marketing Act (REDMA), presale deposits are generally held in trust. Protections and conditions depend on the contract and developer.
What is an assignment sale?
An assignment is the sale of a presale contract to a new buyer before the building completes. Assignment is only allowed if the original developer contract permits it, and tax (including GST on the assignment) can apply.
Why use a buyer-side presale specialist instead of going to the developer's sales centre?
The developer's sales staff represent the developer's interests. A buyer-side specialist represents only you — comparing projects, negotiating incentives, reviewing contracts and disclosure statements, and accessing VIP pricing — at no cost to you.
Who runs The Presale Properties Group?
Uzair Muhammad, a Surrey-based REALTOR (Real Broker) who spent 10 years at the City of Surrey before real estate. The team has helped 400+ buyers and holds a 5.0 Google rating.
What cities does The Presale Properties Group serve?
We help buyers across Metro Vancouver and the Fraser Valley — Surrey, Langley, Abbotsford, Coquitlam, Delta, Burnaby South, Vancouver, Richmond, North Vancouver, New Westminster, Port Moody, Port Coquitlam, Maple Ridge, Mission, Pitt Meadows, White Rock, Chilliwack and Squamish.