Deposits · GST & rebates · Assignments · Moody Centre TOD — benchmarked to live resale prices
What should you know before buying a presale condo in Port Moody?
A Port Moody presale is a new condo bought before it’s built — you pay a staged deposit, GST applies (with possible rebates), and completion can be a year or more out. New supply is concentrated in the Moody Centre transit-oriented corridor around the Moody Centre and Inlet Centre SkyTrain stations. The single most useful move: compare the presale’s price per square foot against recent resale $/sq ft in the same area (the live figures below) before you sign.
Last updated: June 2026Port Moody is a small, built-out city — the inlet and Pinecone Burke Provincial Park leave little room to grow outward. So new construction is increasingly going up and around transit: the redevelopment corridor near the Moody Centre and Inlet Centre SkyTrain stations is the focal point for higher-density, transit-oriented housing as the city’s plans roll out.
This guide is evergreen and independent — it explains how presale buying works in Port Moody rather than promoting any one project. For the resale market and live inventory, see Port Moody condos for sale and Port Moody real estate.
Presale $/sq ft is almost always quoted at a premium to resale. Use these live resale medians as your floor reference — if a presale is far above the local resale $/sq ft once you add GST, ask why.
162 resale sold · last 12 months
City-wide apartment-style condos — the closest resale comparable for a new tower presale.
18 resale sold · last 12 months
Lower-rise & townhome-adjacent resale.
8 resale sold · last 12 months
Premium townhome resale on the upper bench.
Resale medians are aggregated from MLS® sold condo/apartment transactions by Port Moody neighbourhood, as of June 2026 (window widens 12→24→36 months to stay meaningful). These are resale figures shown as a benchmark — presale pricing is set by developers and is not reflected here. For a tailored comparison, contact Sebastian.
The mechanics that make presale different from buying resale. Figures and rules change over time — verify current details before committing.
Presale deposits are typically staged (an initial amount on signing, then further instalments at milestones) and held in trust under BC’s development marketing rules. Confirm the exact schedule in the disclosure statement — it affects your cash flow for the whole build period.
GST (5%) applies to new homes, unlike resale. Partial and enhanced first-time-buyer GST rebates may apply by price and use. See GST on new homes and run the FTB GST rebate calculator.
BC’s newly-built home PTT exemption can reduce or eliminate PTT up to a price threshold (with a phase-out band). Thresholds change — check current limits via PTT explained and the PTT calculator.
You may be able to sell (assign) your presale contract before the building completes — but only on the developer’s terms, with possible fees and tax implications. It isn’t automatic. See pre-sale & assignment considerations.
Presale timelines run long and shift — estimated completion dates can move, and there’s a gap between when the building is ready and your final closing. Budget for a year-plus horizon and confirm your mortgage rate-hold strategy closer to completion.
BC presale contracts include a statutory rescission period after you receive the disclosure statement, giving you a window to review and cancel. Use it — have the disclosure statement and contract reviewed before the window closes.
Port Moody’s two SkyTrain stations — Moody Centre and Inlet Centre — sit at the centre of the city’s long-term redevelopment. Transit-oriented development concentrates new, higher-density housing within walking distance of rapid transit, which is exactly the kind of supply most likely to come to market as presale over the coming years.
For a presale buyer, that matters two ways: walkable, car-light living tends to hold demand, and a cluster of new buildings creates future resale comparables in the same area. This page intentionally stays evergreen and doesn’t track individual project sales status — for what’s actually available right now, talk to Sebastian.
Neither is universally better — it depends on your timeline, budget, and appetite for certainty.
| Presale / New Construction | Resale Condo | |
|---|---|---|
| Cash up front | Staged deposits over the build period | Standard deposit, then full financing at completion |
| GST | 5% applies (rebates may reduce it) | Generally no GST on used residential |
| Warranty | BC 2-5-10 new-home warranty | As-is; rely on inspection & strata documents |
| Move-in timing | A year or more out; date can shift | Move in on completion, weeks away |
| Customization | Finishes/options where offered | What you see (or renovate later) |
| Price certainty | Locked price now; market unknown at completion | Priced to today’s market with real comparables |
How do presale condo deposits work in Port Moody?
BC presale deposits are typically paid in stages (for example an initial deposit on signing, followed by further instalments tied to milestones), and are normally held in trust as required under BC’s Real Estate Development Marketing Act. Exact deposit amounts and schedules vary by development — always confirm the structure in the disclosure statement before committing.
Do I pay GST on a presale condo in Port Moody?
Yes — GST (5%) applies to new and presale homes, unlike resale homes. Partial GST rebates and an enhanced first-time-buyer GST rebate may apply depending on price and use. See GST on new homes in BC and estimate yours with the first-time-buyer GST rebate calculator. Figures change — verify the current rules at closing.
Is there a property transfer tax exemption for new construction?
BC offers a newly-built home PTT exemption up to a price threshold (with a phase-out band above it), separate from the first-time-buyer exemption. Thresholds change over time, so confirm the current limits. See BC property transfer tax explained and the PTT calculator.
What is an assignment, and can I sell my Port Moody presale before completion?
An assignment is the sale of your presale contract to another buyer before the building completes. Whether (and how) you can assign depends on the developer’s contract terms, assignment fees, and applicable tax rules — it is not automatic. See stuck in a pre-sale or assignment for the considerations.
How does a presale price compare to resale condos in Port Moody?
Presales are usually quoted at a premium per square foot over comparable resale condos — you’re paying for brand-new finishes, new-home warranty, and deferred completion. The smart move is to benchmark the presale’s $/sq ft against recent resale $/sq ft in the same area (the live figures on this page), then add GST and factor the deposit timeline.
What is happening with new construction around Moody Centre?
The area around the Moody Centre and Inlet Centre SkyTrain stations is Port Moody’s transit-oriented redevelopment corridor, with new higher-density housing planned and built over time as the city’s plans roll out. This page stays evergreen and does not track individual project sales status — for what’s currently available, contact Sebastian. See homes near Moody Centre Station.
Independent, buyer-side advice on whether a specific presale is priced right — and what’s actually available in Port Moody now.
Contact SebastianModel GST, PTT, and closing costs on a new build before you commit, with the BC condo closing calculator.
Closing Cost CalculatorCheck live resale prices and inventory so your presale $/sq ft has a real-world benchmark.
Port Moody CondosSebastian Czarkowski is a licensed real estate professional regulated by the BC Financial Services Authority (BCFSA). Brokerage: Royal LePage Elite West, Coquitlam, BC. This page is general information, not legal, tax, or financial advice, and is not affiliated with or endorsed by any developer. Deposit structures, GST and rebate rules, PTT thresholds, completion timelines, and rescission rights vary by development and change over time — confirm current figures and contract terms (including the disclosure statement) with the developer and your own legal/tax advisors before committing. Resale market data reflects Port Moody conditions as of June 2026 and is a general indicator only, not an appraisal. REALTOR® and MLS® are trademarks owned by The Canadian Real Estate Association (CREA).