You Bought a Pre-Sale Ages Ago, and It’s Finally (almost) Time to Move In!

You bought a Pre-Sale what seems like decades ago and the time has finally come to enjoy the fruits of your patience and labour… Moving into your new home (and all the stuff that to happen beforehand including your mortgage)

4-6 months to your expected completion is the magic date that you should start securing your mortgage. Pre-Sales can be tricky as occupancy dates are constantly shifting with the progress of the construction and permits from the city. Personally, for me it was a wait & see game and finally BOOM- you have 10 days to your move in date. Keep reading to find my tips regarding Pre-Sales and what you can do to make sure everything goes smoothly.


I cannot stress enough the importance of having everything prepared and ready to go in this sort of situation. Here are the two things to keep in mind when preparing for you upcoming pre-sale:

  1. Documents – Always make sure your documents are up-to-date, safe and readily accessible. And always, always file your taxes on time.
  2. Down payment – Make sure that your down payment is ready to go, in one account and that it is traceable with a minimum 90 days history. You should have a receipt for any deposit paid to the developer. Do not move the extra funds around if that is what you have been doing! Each deposit will have to be explained and you must provide the source of funds.

Aside from the two abovementioned categories, keep everything as is. Consistency is KEY. Now is not the best time for a job change, a new ride, or to help someone else out by co-signing on their loan/mortgage. Remember, if you stay ready, you don’t have to get ready!


Just recently, a client of mine – let’s call her Jane – was in this very situation. The development that Jane bought in was a year overdo and after months of little to no news, Jane was given two-week’s notice of her move-in date completely out of the blue. This is common for Pre-Sales as the developers are only technically required to give 10 business days’ notice. Now, this could have caused a panic in some scenarios but thankfully Jane was very organized, followed the abovementioned tips and had her documents and down payment prepared so everything went as smoothly as possible. Within 2 days her file was FULLY complete, and the only thing left was to sign with the lawyer.

All this goes to say, when dealing with Pre-Sales, be organized and stay ready!  It’s all delays until you are given your 10 days completion notice.

Have questions? Reach out or comment below.

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About Atrina Kouroshnia

Atrina Kouroshnia is an independent, licensed, mortgage broker in the province of British Columbia. She has a degree in Human Relations & Commerce, and past work experiences in HR & Real Estate Development. She comes to the table with great customer service and problem-solving skills. Her approach to finding the best mortgage solution involves both short and long-term planning, making sure her clients are in a suitable mortgage that is flexible to their needs.