Assignment Clauses Explained: Can You Sell a Presale Before Closing?
Selling a presale contract before closing runs through a developer consent fee, CSAIR reporting, and its own GST/HST and BC home flipping tax rules. Here's what assignors and assignees actually take on.
Michael Lee · 8 min read
How Presale Deposit Schedules Work in BC
Presale deposits in BC are legally required to sit in trust, separate from the developer's own money, but the schedule, size, and what happens if a project doesn't complete are all things buyers should understand before signing.
Michael Lee · 6 min read
GST on New Construction Homes in BC: What Presale Buyers Need to Know
New homes and presale condos in BC are subject to 5% federal GST, unlike resale homes. Here's when it applies, and how the regular and new first-time buyer GST rebates work, per canada.ca.
Michael Lee · 6 min read