The Vancouver real estate market keeps changing, but presale condos continue to attract attention from buyers and investors. With so many new projects across the Lower Mainland, it’s fair to ask — are presales still a smart move today?
What Is a Presale Condo?
A presale, or pre-construction condo, is a home purchased before it’s built. You buy directly from the developer at an agreed price, with completion usually two to four years away. It’s a great option if you want to plan ahead, spread out your deposit payments, and move into something brand new later on.Why Buyers Like Presales
- Lock in today’s price — if values rise before completion, you could see appreciation before you move in.
- Flexible deposit structure — most developers take payments in stages (for example, 5% at signing, 5% in six months, and another 5% in a year).
- Everything brand new — no renovations, low maintenance, and covered by BC’s 2-5-10 new home warranty.
- Strong locations — most presales are built near transit, schools, or growing neighbourhoods, keeping long-term demand strong.
What to Keep in Mind
Presales also come with a few risks:- Market conditions can change before completion.
- Interest rates may be different when you’re ready to close.
- Construction delays happen — flexibility is key.
- Always research the developer’s track record and read the contract carefully.