What Stops Vancouver Developers from Developing Condos

Pre-sales.

They have to have a significant amount of units sold before the construction loan is provided.

There is one way around this. 

CHMC Insured Multi-Unit Loans.

The trick is to design your building to make sure CHMC would get involved in the end to replace your construction loan once your building is complete.

How many units have to be pre-sold under this strategy? 

0.