Real Estate

Pre-sales Deposit Protection?

  • Last Updated:
  • Mar 21st, 2021 11:28 pm
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Deal Addict
Oct 8, 2015
4282 posts
4638 upvotes
Province of Bring Ca…

Pre-sales Deposit Protection?

I'm in GVA trying to assign my own presales condo unit as it's a bit small after we had our kid.

On the Assignment of Contract of Purchase and Sale form, there's one thing that I cannot figure out.

What is that "Deposit Protection Contract"? Is that a contract we signed with the developer, or is it what developer signed with their insurer?

I can't find such contract in my purchase package. Thanks :D
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