New Construction Homes in Coquitlam — The Complete 2026 Guide

'Presale' means buying from the builder before construction is complete (often 1–3 years out). 'New construction' broadly includes presale plus completed-but-never-occupied units. Both trigger 5% GST; only presale is governed by REDMA disclosure.

It varies by builder and project. The schedule — usually several instalments during construction — is in the purchase agreement and Disclosure Statement. Confirm early what your lender will finance at completion.

The Real Estate Development Marketing Act — BC's legislation governing presale marketing. REDMA requires builders to file a Disclosure Statement with BC Financial Services Authority and gives buyers a 7-day rescission right after receiving the DS.

Yes — every licensed residential builder in BC must provide the '2-5-10' New Home Warranty: 2 years on labour and materials, 5 years on building envelope, 10 years on major structural defects.

Only if the builder allows it. Many builders restrict assignments or charge an assignment fee set in the purchase contract. Assignments after first occupancy also trigger GST and, if non-primary-residence, capital gains.

I do not publicly name builders to avoid — that's a conversation for an in-person strategy call where we can review real data on specific projects. Key red flags: warranty disputes in public court records, repeated completion delays, and thin strata engagement post-completion.

Every Disclosure Statement names an outside completion date (typically 18–36 months from first pricing). If completion isn't achieved by that date, the contract generally lets the buyer cancel and recover the deposit — have your lawyer confirm the exact terms, including any extension clauses. This is a critical date to track.

Not legally — but you should use one. The builder's sales centre represents the builder, not you. A buyer's realtor adds independent DS review, negotiates upgrades and assignment terms, and the builder usually pays the cooperating commission — confirm the project offers one before you register.

5% GST applies on the purchase price. Homes priced at or below $350,000 qualify for the full New Housing Rebate of 36% (max $6,300). Rebate phases out between $350K and $450K. Above $450K, no rebate. First-time buyers should look at the separate First-Time Home Buyers' GST Rebate, in force since March 2026, which refunds 100% of the federal GST on a qualifying new home up to $1,000,000 and phases out to nil at $1,500,000.

Resale prices in the first year after completion can soften as many units hit the market at once. How a project holds up after that depends on build quality, strata governance and how much similar supply is nearby.