Real Estate Agent North & West Vancouver – Thinking about buying a pre-sale condo? You’re not alone. In a changing market, many buyers ask whether locking in a brand-new home before it's built is a smart move—or a risky one.
What we’re going to cover:
We’ll break down the real pros and cons of buying pre-sale condos in today’s Vancouver market so you can decide if it's the right fit for your goals.
Why it matters:
Buying pre-sale can be exciting, but it comes with a unique set of timelines and risks. Knowing what you're signing up for can save you thousands and set you up for success.
Why it's important to you:
Whether you’re a first-time buyer living rent-free at home, or paying top dollar for rent each month, your situation will determine whether buying a pre-sale is your best next step.
📌 Disclaimer: This is for informational purposes only and should not be considered real estate advice. Always verify information independently and consult with a qualified professional before making any real estate decisions.
Pros of Buying a Pre-Sale Condo in Vancouver
✅ Potential Incentives from Developers
Right now, the pre-sale market is slower, which means some developers are offering bonuses, like decorating allowances, credits, or flexible deposit terms. These offers weren’t common a couple of years ago—but today, they can give you an edge.
✅ Full Warranty Coverage
New homes come with comprehensive warranties through BC's 2-5-10 home warranty program. That means peace of mind for years to come, with protection on structure, systems, and finishes.
✅ Time to Plan Ahead
If you’re not in a rush to move, a pre-sale can be a smart way to get into the market. For example, if you're living at home rent-free, it can give you time to save and prepare while securing a home at today’s price.
✅ Good for Long-Term Value & Rentals
Choosing the right location and building can pay off over time. Well-located pre-sales often attract premium renters who want something new and stylish.
And if you’re planning to live in it, it can be a great first step into homeownership without competing in today’s resale market.
Cons of Buying a Pre-Sale Condo in Vancouver
❌ Long Wait Times
Pre-sales often don’t complete for 2–3 years, which isn’t ideal if you’re currently paying high rent. That’s a lot of money spent without building any equity.
❌ Market Uncertainty
The market can change while you wait. What seems like a good deal today might not be as appealing in a few years—or could turn out even better. The truth is, you’re buying into the unknown.
❌ Limited Inventory Visibility
With a pre-sale, you’re buying based on floorplans and showrooms. You can’t walk through the actual unit, which can sometimes lead to surprises.
Click the button below to connect with Davis—to view a presale, book a consultation, or simply grab a coffee and ask a question.
So, Is Buying Pre-Sale a Smart Move?
It depends on your situation.
If you’re living rent-free and can comfortably wait 2–3 years, a pre-sale might work perfectly—especially if you find a developer offering strong incentives.
But if you’re in an expensive rental, and the pre-sale won’t complete for years, it might not make sense to keep paying rent while waiting. In that case, it could be better to buy an existing condo now, start building equity, and take advantage of today’s high inventory and motivated sellers.
When Pre-Sale Makes Sense:
You’re downsizing and want time to prepare, sell, and move slowly
The market is hot and resale options are going in multiple offers
You’re not in a rush and want brand-new construction with a warranty
You’ve found a building and location you genuinely love for long-term value
Final Thoughts
Our market is always changing. Before committing to a pre-sale, check if there are any great resale deals first. There may be move-in-ready options that get you out of renting and into ownership sooner than you think.
Whether you’re downsizing, investing, or buying your first home, I can help you compare your options and decide if a pre-sale is right for you.
Other blog posts:
How to Buy and Sell at the Same Time—Without the Stress (Or Risk of Being Homeless)
What to Know Before Buying a Condo in North Vancouver: Insights from a Condo Specialist
Click the button below to connect with Davis—to view a presale, book a consultation, or simply grab a coffee and ask a question.
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