MIKE’S NEW PRESALE CONDOS
MIKE STEWART’S GREATER VANCOUVER PRESALE CONDO BLOG
Below, we present our full list of articles about presale condos over the years. Or browse and zoom the map above for a selection of the most recent new property developments around Vancouver and BC.
Search our presale archives:
More BC Lower Mainland New Construction & Presale Condos
Since 2005, Mike Stewart has followed the presale condo market with some of the most cutting-edge information in Vancouver.
We are your number one source for new and pre-construction condo developments in the Vancouver region and across BC. We are first to know what’s happening with new and future condo developments across British Columbia. We can help you find the best investment or place to live to meet your needs. We have every presale and pre-construction condo development listed here for your review.[/vc_column_text][/vc_column_inner]
A presale is when a condo developer sells the suites of the development before it has been completely built and often before construction has even begun. This presale requirement is because the developers lenders want to be certain that the project is financially viable based on these presales. As a buyer in one of these preconstruction condos, purchase the right to the future property.
BC Has Strong Presale Condo Buyer Protections!
Keep in mind there are strong regulatory protections for presale condo buyers under the Real Estate Development Marketing Act (REDMA) and you can kill an accepted offer on a presale with no penalties with the 7 day rescission period under the legislation. This 7 day rescission period is distinct from the Home Buyer Rescission Period program for existing properties. Please let us know if you have any questions!
What is A Vancouver Presale and Why Buy One?
Vancouver’s new condo (or presale condo, as it is often termed) market offers an array of exciting opportunities for buyers—from those aspiring to homeowner status for the first time to experienced real estate investors. The presale market, however, is a bit different from the resale market.
What are Strata Fees?
Remember, when you are buying a presale in Vancouver or across British Columbia, when you complete you have to pay a monthly strata fee. When deciding on a preconstruction home in BC, make sure you understand this important part of owning a multifamily home by reading our post on what are strata fees.