Are Presales Risky in B.C.?

Presales come with pros and cons. They allow buyers to secure a future home with a smaller upfront deposit — but they also carry risks worth understanding.

Benefits

• Locked-in pricing

• Lower initial deposit structure

• New construction warranty

• Time to save more down payment

Risks

• Market price changes

• Developer delays

• Assignment restrictions

• Mortgage qualification uncertainty

How to Reduce Risk

• Choose reputable developers

• Understand the contract

• Review assignment terms

• Confirm timeline and financing plans

The Bottom Line

Presales aren’t inherently risky — but they require education, planning, and working with the right professional.