Deposit Structures for Presale Condos
Vancouver’s presale market typically requires larger deposits than many other Canadian markets, usually ranging from 15-25% of the purchase price. This is market specific, however, with many developers offering significantly more attractive deposit structures at the beginning of 2025.
This deposit structure usually breaks down into multiple payments:
Initial deposit upon signing (typically 5-10%)
Second deposit 30-90 days later (additional 5-10%)
Possible third deposit at project milestone (remaining amount to reach total required)
Local developers structure these deposits based on construction financing requirements and market conditions. Buyers should note that Vancouver’s deposit requirements often differ significantly by developer and project location. Larger deposits may be required for luxury developments or from foreign buyers.
