New Development Homes in Greater Vancouver

Development listings in Greater Vancouver are compared on the builder's record, the disclosure statement and the completion date — read all three before you sign anything at a sales centre.

Compare Development Listings in Greater Vancouver Before You Sign

A development listing covers two quite different purchases. One is a finished construction home you can walk through today; the other is pre construction, bought from a floor plan with a completion date years out. Ask which you are looking at before you compare pricing, because the deposit schedule, the warranty start date and your mortgage rate hold all work differently between them.

Look up the builder before you look at the building. Search their completed projects across Vancouver, Burnaby, Surrey and Coquitlam, and ask your real estate agent about warranty claims and completion delays on the last community they finished. A polished sales centre and a luxury finish package tell you very little about how the envelope was built.

Check the Disclosure Statement, the Deposit and the Completion Date

British Columbia requires a disclosure statement on a pre construction purchase. Read it, and have a lawyer read it, for the outside completion date, the developer's right to amend the floor plans and what happens to your deposit if the project does not proceed. Ask what the strata fee estimate is based on, since first-year budgets in new housing are frequently revised upward.

Walk the neighbourhood rather than the model suite. Confirm what else is approved nearby, what the view becomes once the next building goes up, and how the site connects to transit. For finished homes, ask for the occupancy permit and the warranty documents; for condos still under construction, get the interim occupancy terms in writing.