Why Does Vancouver Have So Many Condo Pre-Sales Compared to Other Cities?

Vancouver’s presale market is larger than most Canadian cities due to the way developers finance construction.

Construction Financing Model

Banks require developers to pre-sell a large percentage of units before funding construction.

Investor Participation

Presales attract local and international investors seeking future appreciation.

Limited Land for Detached Homes

With little land available, condos form the backbone of future housing supply.

Population Growth

Demand for new units is constant.

The Bottom Line

Presales exist because they fund the city’s growth — and match buyer demand for modern housing.