Buying new
New and Presale Townhouses in Richmond, BC
A new townhouse for sale in Richmond is either move-in ready or presale. Move-in ready means the building is finished: you see the actual home, pay GST, and get the keys in weeks. Presale means you sign before it is built, pay a deposit in stages, and move in one to three years later, often at today’s price.
Both come with the full 2-5-10 home warranty. The trade-off is certainty now versus choice of unit and time to save.
New townhouses for sale in Richmond, BC
Picks built in 2023 or later.
Side By Side
Presale vs resale
| Topic | Presale | Resale |
|---|---|---|
| Deposit | Usually 10% to 20%, paid in stages over the build and held in trust by the developer's lawyer. | Usually around 5%, paid once subjects are removed. |
| GST | 5% GST applies on top of the price. First-time buyers may qualify for a full or partial rebate. | No GST in most cases, unless the home was substantially renovated. |
| Warranty | Full 2-5-10 home warranty starts when you take possession. | Only what is left of the original warranty, and nothing once the home is over 10 years old. |
| Assignment | You may be able to sell your contract before completion, but only if the developer allows it, often for a fee. | Not applicable. You buy and sell the finished home. |
| Wait time | Typically 1 to 3 years from signing to move-in, and completion dates can slip. | Usually 30 to 90 days from accepted offer to move-in. |
Developments
New townhouse developments in Richmond
Projects I am watching right now. Floor plans and price lists change quickly, so ask me for the latest before you visit a sales centre.
Move-in ready
Cavendish
10188 No. 1 Road · Panatch Group
- Neighbourhood
- Steveston
- Completion
- Completed 2025
Now selling
8899 Spires
8899 Spires Road · Topstream Group
- Neighbourhood
- City Centre
- Completion
- Est. 2026
Now selling
Ferndale Garden IV
9331 Ferndale Road · Western International Construction
- Neighbourhood
- McLennan North
- Completion
- Est. 2026
Now selling
Quilchena West
No. 1 Road at Moresby Drive · Western International Construction
- Neighbourhood
- Seafair
- Completion
- Est. 2027
Completion dates are developer estimates and can change. Last checked October 19, 2026.
Questions
Presale questions
How much deposit do I need for a presale townhouse?
Most Richmond presales ask for 10% to 20% of the price, split into two to four payments over the first year or so. Under BC's Real Estate Development Marketing Act the deposit is held in trust, and you have a 7 day rescission period after signing to change your mind.
Do I pay GST on a new townhouse?
Yes. New homes carry 5% GST, usually on top of the purchase price. First-time buyers may qualify for the federal First-Time Home Buyers' GST rebate, which can remove the GST on a new home up to $1M and reduce it up to $1.5M. BC's newly built home exemption can also reduce property transfer tax. Confirm your eligibility with your lawyer or accountant.
What does the 2-5-10 home warranty cover?
Every new home in BC must carry third-party warranty insurance: 2 years on materials, labour and major systems like plumbing, electrical and heating, 5 years on the building envelope (water getting in), and 10 years on the structure. It starts on the date you take possession.
Can I sell a presale before it completes?
Only if your contract allows assignment. Many developers restrict it or charge a fee. In BC, assignments must be reported to a provincial registry, and profits are generally taxed as income. BC's home flipping tax can also apply. Get advice from a lawyer and accountant before you count on assigning.
Can I use my own realtor for a presale?
Yes, and it usually costs you nothing, because the developer normally pays the buyer's agent. The catch is that your agent often needs to be registered on your first visit or first contact with the sales centre, so bring them in before you walk in or sign up online.
Get presale updatesbefore they hit the sales centre.
I'll send new Richmond townhouse projects, price lists and launch dates as I hear about them. No spam, just the ones worth a look.
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