Question 1

What is a presale condo in Vancouver?

Accepted Answer

A presale condo is a property purchased directly from a developer before construction is complete. Buyers sign a purchase contract and pay a deposit — typically 15–20% in installments — then wait for completion, usually 2–4 years. Presales let you lock in today's price on a brand-new home before the building exists.

Question 2

What are the benefits of buying a presale in Vancouver?

Accepted Answer

Benefits include: locking in a purchase price before construction completes; spreading your deposit across installments rather than paying it all upfront; receiving a brand-new home covered by the BC New Home Warranty; and in strong markets, potential appreciation before you take possession.

Question 3

How much deposit do I need for a Vancouver presale?

Accepted Answer

Most Vancouver presales require a total deposit of 15–20% of the purchase price, paid in staged installments. A typical structure is 5% on signing, 5% at six months, and a further 5–10% at construction milestones. The remaining balance is financed at completion.

Question 4

What is a presale assignment and how does it work?

Accepted Answer

A presale assignment is when the original buyer sells their purchase contract to a new buyer before the building completes. The new buyer takes over the contract and reimburses the original buyer's deposit plus any agreed profit. Assignments are subject to developer approval and BC legal requirements, including GST and income tax considerations.

Question 5

How do I get VIP or priority access to Vancouver presale projects?

Accepted Answer

The most reliable way is to work with a realtor who has existing developer relationships. Jacky Ng has built relationships with developers across Metro Vancouver over nearly a decade, giving clients first access before projects go to the general public — many sell out at the VIP stage.

Question 6

Which areas of Metro Vancouver do you serve?

Accepted Answer

Vancouver Dwelling serves buyers across all of Metro Vancouver including Vancouver (Downtown, Yaletown, Coal Harbour, False Creek, West End, Kitsilano), Burnaby, Richmond, Surrey, Coquitlam, New Westminster, and the North Shore.

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