Presale Pro Tip Series: The Truth About Presale Completion Dates
Why Completion Dates Are Tricky in Presales
When you sign a presale contract, the “estimated completion date” is just that — an estimate. Developers have to forecast years in advance, often before construction even starts, and many factors can shift the timeline.
Some buyers get their keys earlier than expected. Many don’t.
Why Dates Change
- Permit & Approval Delays
City approvals, building permits, and inspections can add months before ground is even broken. - Construction Challenges
Weather events, trade shortages, or supply chain issues can slow progress. - Design or Scope Changes
Major changes to the project — such as amenity upgrades or structural adjustments — can require new approvals. - Market Conditions
In rare cases, developers may slow construction intentionally if market conditions change drastically. - Occupancy Permit Delays
Even when construction is complete, the city must issue an occupancy permit before anyone can move in. Additional inspections, paperwork backlogs, or last-minute compliance issues can delay possession — sometimes by weeks or months.
Key Contract Terms to Watch
- Estimated Completion Date
The developer’s current best guess, but not legally binding. - Outside Occupancy Date
A firm deadline — often much later than the estimated date — by which the unit must be ready or the buyer may have the right to cancel. - Extension Clauses
Many contracts allow the developer to extend timelines without penalty under certain conditions.
How to Prepare as a Buyer
- Build flexibility into your plans — avoid locking in non-refundable moving arrangements or rental end dates based solely on the estimated date.
- Have a backup housing plan in case your move-in is delayed by months.
- Track progress updates from the developer and stay in touch with your realtor for realistic timeframes.
Local Insight: North Shore Completion Dates
On the North Shore, large, established developers tend to have the resources and experience to manage timelines effectively — but even they are not immune to delays.
Smaller or first-time developers working in this region can face longer hold-ups, partly due to the North Shore’s complex municipal processes and strict building requirements.
Projects here often launch sales before construction begins, which can make timelines even harder to predict for early buyers.
Pro Tip: Plan for the Latest, Hope for the Earliest
An experienced local realtor can interpret the developer’s track record, current construction stage, and municipal approval status to give you a more realistic move-in window. That insight can save you from scrambling — or paying for months of unexpected temporary housing.
Thinking of Buying a Presale on the North Shore?
Let’s make sure you’re getting the right unit, in the right project, at the right time — with no surprises. Reach out for expert guidance on North Vancouver and West Vancouver presales, and let’s walk through your options together.
