How To Buy a Pre Sale Condo in Vancouver

SOMA on Cambie by SDAE Development Co. Plans, Prices, Availability

At A Glance: Soma On Cambie, 505 West 62nd Avenue (7765 Cambie Street) 1 - 3 bedroom condo on Vancouver Cambie Street 6 storeys Concrete structure with high-end brick veneer Central Location connect to the airport, downtown, UBC and more Surrounded by beautiful parks, trails, and minutes away from shopping and entertainment. 32 residential units; a maximum building height of 21.3 m (70 ft.); a floor space ratio (FSR) of 2.72; and 31 underground parking spaces and 40 bicycle parking spaces. Soma’s striking contemporary architecture has been designed to complement its natural surroundings. Abundant landscaping around the exterior provides privacy… Find out more

How to Buy Vancouver Condo Presales 3 | Disadvantages & Risks

The Disadvantages and Risks of Buying a Pre-Construction Condo in Vancouver In Episode 2 of How to Buy Vancouver Condo Presales, we talked about the advantages of condo presales for Owner/Occupiers. In Episode 1 we discussed the advantages of pre-construction condos for investors in Vancouver. Today we're going to discuss the disadvantages of pre-construction or presale condos in Vancouver for both investors and owner occupiers and what to watch out for with this kind of property. Rights and Obligations with Presale Condos When buying pre-construction condos Vancouver in Vancouver, its easy to overlook the potential negative aspects of this type… Find out more

An Answer to Florin’s Question: Can a Presale Bought High Ratio be Completed on Low Ratio?

Financial Leverage and Presale Condos in Vancouver I LOVE Questions and Comments on my blog posts and appreciate them HUGELY!! We recently had a great question (Thanks Again Florin!) in the comments section of Episode 2 of How to Buy a Presale Condo where we discussed the advantages of pre-construction condos for Owner/Occupiers. This question was SOOOO GOOD, I decided to bring in a mortgage broker, Chad Watts and shoot an entire video on this topic! Florins Question: I asked my mortgage specialist about point 3 “Financial Leverage.” The one where you mentioned “buyer who previously was a high ratio… Find out more

How to Buy a Pre-Construction Condo 2 | Advantages for Owner/Occupiers

Presale Condos in Vancouver - Advantages for Owner/Occupiers? In Episode 1 of How to Buy a Pre-Construction Condo in Vancouver, we discussed the advantages of Presale Condos for Investors. Today, we're going to discuss the advantages pre-construction or off plan condos have for Buyers who intend to live in the property once its completed. As with investors buyers, presales are not for every Buyer who intends to occupy the property, but they can very good for many buyers. 7 Advantages of Presale Condos for Owner Occupiers - Selection & Customization - For owner occupiers, the pre-construction purchase of a condo allows… Find out more

Presale Condo Completions in Vancouver – Avoiding Penalties!

Completing on a Presale Condo in Vancouver and Appraisals. I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about an experience he had during the the Completion of a Pre-Sale Condo here in beautiful Vancouver, BC. Developers in many cases only give 10 days notice of the Completion of a Presale Condo. During this time sometimes up to several hundred appraisers need to get access to and appraise the soon to be Completed suites. (Not sure what an appraiser is? Check out this great explanation with video on What is an Appraisal!) What does Completion mean… Find out more