The Pros and Cons of Buying a Pre-Sale or New Construction Home in BC

By Omeed Ghafori | Award-Winning REALTOR® | OmeedGhafori.com/pre-sales

Thinking about buying a brand-new home? Pre-sale and new construction properties are an exciting opportunity for buyers in British Columbia — especially in fast-growing communities like South Surrey and White Rock. Whether you’re a first-time buyer or an investor, understanding the pros and cons of pre-sales can help you make an informed decision.

Let’s break it down:

✅ Pros of Buying a Pre-Sale or New Construction Home

1. Lower Upfront Costs

One of the biggest advantages? The staggered deposit structure. In many developments, buyers can secure a home with as little as 5% down at the time of writing, with additional payments spaced out over construction milestones. This flexible payment plan makes it easier to budget over time.

2. Locked-In Pricing

Buying early often means locking in the purchase price before the market appreciates — which can lead to instant equity by the time you get your keys.

3. Customization Options

Many developers allow you to choose colour schemes, finishes, and upgrades. Want quartz countertops or a gas range? A pre-sale gives you the chance to personalize your space.

4. Brand-New Everything

No need to worry about old plumbing, aging roofs, or outdated appliances. You’re moving into a modern home built to today’s standards.

5. New Home Warranty Protection

In BC, most new homes are covered by the 2-5-10 Year Home Warranty Program, giving you peace of mind with coverage for defects and major structural issues.

⚠️ Cons of Buying a Pre-Sale or New Construction Home

1. Longer Wait Times

You’re often waiting 1–3 years before move-in. If you're on a timeline, this delay might not work for you.

2. Uncertainty in the Final Product

Layouts or views can sometimes change during the development process. What you see in a show suite might not always be exactly what you get.

3. Mortgage Rate Risk

Because you're buying now but completing later, interest rates can rise during construction — affecting your mortgage approval and affordability at completion.

4. GST is Applicable

Unlike resale homes, pre-sales are subject to GST (5%), which can add a significant cost. Always factor this into your budget.

5. Limited Room for Negotiation

Unlike resale homes where negotiation is expected, prices on pre-sales are often fixed, especially in high-demand developments.

🏡 Is a Pre-Sale Home Right for You?

It depends on your goals, timeline, and financial situation. Pre-sale homes offer a chance to get into the market early — especially in emerging neighbourhoods. But you need to work with an experienced REALTOR® who understands contract terms, developer reputations, and can help you protect your interests.

🔍 Explore Pre-Sales in South Surrey & Beyond

Ready to explore available pre-sales in South Surrey, White Rock, and across the Lower Mainland?

👉 View Available Pre-Sale Opportunities Now

Let’s schedule a call and see if a pre-sale purchase is the right fit for your lifestyle and goals.

Omeed Ghafori
📍 Real Estate Agent | Century 21 Coastal Realty
🌐 OmeedGhafori.com
📞 778-316-7506
⭐ 5-Star Google Reviews | South Surrey Real Estate Expert