Pre-sale (buying from a developer)
Pros: more time to save, choose finishes, and benefit from new-home warranties (often 2-5-10 in BC). You lock a home today for future completion. Cons: construction timelines can shift; the market may change before you move in. Review the developer disclosure, deposit structure, assignment rights/fees, and statutory rescission periods with your lawyer.
Resale (buying an existing condo)
Pros: immediate possession, known building history, and you can walk the exact home you’ll own. Review strata minutes, Form B, insurance, contingency fund, and depreciation report. Look for upcoming expenses (roofs, membranes, elevators) and bylaw rules (pets, rentals, smoking).
How to choose
-
Timeline: Need to move in 60–90 days? Resale wins. Flexible or investing for the future? Consider a reputable pre-sale.
-
Customization vs certainty: Pre-sales offer finish choices; resales offer concrete information today.
-
Financing: Confirm deposit requirements, rate holds, and appraisal approaches with your lender.
We’ll line up 3 resale tours and 1–2 presentation centre visits so you can feel both paths in a single afternoon.
Join The Discussion