How presale deposits work in BC
Presale deposits in BC run 5–20% of the price, paid in stages and held in trust under REDMA. How trust protection and the 7-day rescission period work.
Original guides to buying a presale home in British Columbia — written for buyers, checked against how BC's rules actually work. General information only, not legal advice.
Presale deposits in BC run 5–20% of the price, paid in stages and held in trust under REDMA. How trust protection and the 7-day rescission period work.
BC developers must give presale buyers a disclosure statement under REDMA. 10 things to check — title, deposits, completion date, red flags — before signing.
Selling a presale contract before completion? BC assignments need developer consent and registry reporting; GST, income tax and the flipping tax can all apply.
BC presale closing costs — 5% GST, property transfer tax, the first-time buyers' GST rebate and newly built home exemption: what you pay, what you claim back.