How To Evaluate a Pre-Sale Project in 2026 (Complete Checklist)
You are buying a promise, not a home. Here is how to ensure that promise is kept.
1. Developer Reputation
Have they completed buildings in Vancouver? Go visit their 5-year-old buildings. Do they look good or are they leaking? Past performance predicts future quality.
2. The "Outside Date"
Check the contract for the "Outside Date." This is the legal deadline they have to finish. If they miss it, you can get your deposit back. Ensure it's not 2030 for a 2027 project.
Frequently Asked Questions
Everything you need to know about this topic. Can't find the answer you're looking for? Reach out to our team.
GST (5%), PTT (unless exempt), legal fees, and sometimes a "1 year maintenance fee" or development levies. Budget 7-8% over purchase price.
Yes. If they don't get financing or permits, they can cancel and return your deposit (without interest). You lose the "time" opportunity.