Below, I've listed all current properties for sale where the house was built in 2018 or later. (Some will not show if the listing agents did not list the year of construction.) I've also included information about new construction in Nanaimo, under the listings below. I recommend you should use the price/type/rooms filters below, in order to shorten the list of results you see.
Welcome To 532 Grewal Place!
This 3 Bedroom And 3 Bathroom Home Is Located In A Great Family Friendly Neighbourhood On A Quiet No-through Road. Close To Trails And Amenities, With Easy Access To The Airport And Ferry.
As You Walk Through The Front Door...
Welcome Home. If You Are Looking For A Property With A Great Home, Plenty Of Space, Quiet & Privacy, This Home Is For You. Walking In You Are Greeted To A Spacious Entry Way W/ Mud & Laundry Room That Flows Into A Stunning Kitchen W/ Large Island, S/s Appli...
Magnificence Brand New Ocean View Home In Desirable North Nanaimo With A Legal Suite! The Spacious Living And Dining Room Has Luxury 12.5 Feet Ceiling And Takes In The Coastal Ocean And Mountain View At It's Finest. The Stunning Gourmet Kitchen Boasts Beau...
Better Than New This 4 Bedroom 3 Bathroom Home Will Surely Impress. Upon Entering The Modern Finished
Home The 19ft Ceiling Welcomes You In To A Open Layout. The Great Room Has A Functional High End Kitchen
With Stainless Appliances, Tile Backsplash, High...
Brand New Home With Legal One Bedroom Suite In Linley Point Estates! This 5 Bedroom, 4 Bathroom Home Features Approx 2578 Sq. Ft. With 4 Bedrooms And 3 Baths Part Of The Main Home And A Separate Legal 1 Bedroom1 Bathroom Suite Down. This Home Is Very Bright...
Here Is An Opportunity To Own This 5 Bedroom/ 4 Bathroom Home Slated For Completion In April And Located In The Popular Golden Oaks Subdivision In Hammond Bay. Featuring A 1-bedroom Legal Suite And Beautiful Interior Finishes To Be Thoughtfully Carried Out ...
Perfect Home For A Perfect Family 6 Bed 4 Bath Is Now Up For Grabs . 2 Bedroom Legal Suite Media Room. Open Concept, Quiet Family Oriented Neighborhood, Close To Amenities, Close To Highway So You Have Quick Access To Anywhere On The Island. This Is A Pr...
Welcome To 5344 Dewar Road! Enjoy Your Morning Coffee Overlooking Beautiful Ocean And Snow Capped Mountains, Or Your Evening Glass Of Wine Watching The Ferries, Whales, And The Colors Of The Setting Sun. This Beautiful Property With Open Plan, Floor To Ceil...
Welcome To Canterbury Crescent! Location, Design & Comfort All Come Together Making For A Dream Home. Conveniently Located In The Most Desirable Area Of Nanaimo On A Private Large Lot. Brilliantly Designed, Main Level Features Expansive Rooms And Floor To ...
Fantastic 2 Year Old Home With Legal Suite In Cottle Creek Estates! No Gst! This Upscale Neighbourhood Is Popular For It's Contemporary Homes And Access To West Coast Nature In The Heart Of Hammond Bay! This 2950+ Sqft Home Is Situated On A Large And Well ...
Welcome To Custom Two Story Residence In The Most Desirable Area Of Nanaimo. 5 Bedroom And 3 Bathrooms Along With Spacious And Tasteful Living Areas Make This House Perfect For Any Family. Cozy And Bright Family Room Flaunts A Beautiful Gas Fireplace, Open...
Newly Built Home Being Constructed With Legal 2 - Bed Suite Situated On A Low Maintenance Lot In The Highly Desirable North Jingle Pot Area Close All Amenities. Boasting 2735 Sqft Of Living Space With 6 Beds, 4 Baths And Premium Finishing's Throughout. The ...
There's a common misconception that newly-built homes are lacking in character. A buyer with a taste for pre-1950s craftsmanship would traditionally avoid new developments. But that's changing. Many new projects in Nanaimo are being built with high attention to curb appeal and interior finishes.
With historically low levels of inventory vs. demand in the current market, it's a great climate for numerous developers - and they are hammering out as many new subdivisions and condo buildings as possible. The result is that a lot of different kinds of building are available - but never for very long. Buyers must be decisive in this market or a building/development will suddenly be sold out, with nothing similar on the horizon!
Taxes on New Homes in Nanaimo
Property Transfer Tax Exemption
For "used" homes, there is a provincial property transfer tax (PTT) of several thousand dollars. But for newly built homes, the BC government offers a full exemption to the property transfer tax (only for homes purchased at less than $750,000). For a $500,000 home, this exemption is worth $8,000 to the buyer.
GST Charged for New Homes
While it's nice to avoid the property transfer tax, new homes are subject to a HIGHER tax rate because GST is payable - at 5%. This works out to much more than the PTT ($25,000 on a $500,000 home).
There's a "New Housing Rebate" that returns up to 36% of the GST - if you purchased from a builder and use the home as your primary residence, and if the purchase price was $450k or less.
Warranties on New Homes
Government regulations demand that developers must purchase third-party home warranty insurance to provide to the buyer along with the home. Naturally, this is one reason why new-construction properties cost more than older homes. Here is the minimum level of coverage that the home warranty insurance is required to provide:
