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Aerial view of new mid-rise condominium construction in north Richmond near Sea Island Way

Richmond · Property guides

Presale buying in Richmond

Check price inclusions, deposit dates and contract terms for a Richmond presale.

01

Where to start in Richmond

When comparing Richmond presales, start with the exact building location and the unit’s orientation.

  • Check surrounding plans through the city, but rely on the project documents for the home’s dimensions, inclusions and contractual commitments.
  • A rendering is a reference for questions, not an inspection.
Bridgeport Canada Line station and its pedestrian bridge in Richmond
Bridgeport Canada Line station and its pedestrian bridge in Richmond. Photo: Northwest / Wikimedia Commons, CC BY-SA 4.0.
02

What to check at a viewing

Record parking and storage arrangements, included appliances, any options and the treatment of taxes or rebates.

  • Ask your lawyer to explain the price and adjustment provisions and your lender to assess financing assumptions.
  • Compare the result with a resale option using total funds needed and ongoing costs, not just the headline price.
03

Check the contract and deposit dates

A presale starts with documents and a future delivery expectation.

  • Review the contract, disclosure and amendments with your lawyer.
  • Confirm deposit timing, completion provisions, included specifications and the treatment of changes.
More on check the contract and deposit dates

Discuss future financing with your lender; a present borrowing estimate does not settle what will be available when the home completes.

Tower cranes over condominium buildings under construction in Southeast False Creek, Vancouver
Tower cranes over condominium buildings under construction in Southeast False Creek, Vancouver. Photo: Payton Chung from DCA, USA / Wikimedia Commons, CC BY 2.0.
The essentials

Your viewing checklist.

Tick each point as you review it. Print a copy to keep.

Compare your options

Compare two timelines, not just two prices

Create one timeline for the presale and another for a resale alternative.

  • Mark the dates when money is needed, when you could inspect the finished home and when you would need somewhere to live.
  • Add a question mark wherever timing or cost is not yet confirmed.
More on this topic

Review those uncertainties with your lawyer and lender.

This makes the practical differences visible before the excitement of a new design takes over the decision.

The cash timeline
Deposits, completion funds and adjustments.
The home
Documented dimensions, orientation and inclusions.
Your housing
Current accommodation and a workable fallback.
The commitment
Contract provisions and future financing review.
Planning resources for Richmond

Richmond reports 49 kilometres of dikes and 39 drainage pump stations in its flood-protection system.

Read the City’s flood information, then ask about the individual property, disclosures and insurance. A city-wide protection system is not an address-specific risk assessment.

Official planning informationRead the Richmond city guide

Official information

Start with these resources, then confirm the details for your property and circumstances.

Richmond area plansBC Financial Services Authority: presale purchasesReference review: September 30, 2026

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