Just submitted my application - What sort of timelines are you currently seeing for Pre-Approvals?

Just got my application in. I was wondering, what sort of timelines have people who are further in the process than me seen, to from application to Pre-Approval?


Here is a recent post in another thread. Seems like 8-10 weeks has been most common for the pre-approval to come through.


Aug 27

I just spoke with my lawyer today and she received a preliminary approval for another client yesterday and that one took 8 weeks from submission. She said in June/July they were running about 10 weeks which was in improvement from as high as ~18 weeks last year. The “normal” processing time is ~6 weeks so it seems like things are getting better (…at least until the flood of applications rolls in at the end of the year).

I just got my application in as well. What’s the consensus, its the pre-approval prior to EOY or the submission of the initial application before EOY that allows us to meet the lower ( 350k ) investment threshold before rule changes come in ? I posed the same question to my lawyers but I haven’t heard back from them yet.

I have been told 10 weeks - 3 months by my law firm

Submission date based on what my lawyer told me, plus almost all the sources I have looked at, so you should be good.