Below, I've listed all current properties for sale where the house was built in 2017 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.
Got questions about any properties below? Call me, or send me an email.
Single Family
168 Golden Oaks Cres, Nanaimo, BC
MLS® #460126
Ocean & Mountain Views From This Sunny, South Facing Brand New Home With A Legal 2 Bedroom Suite. Perfectly Situated To Enjoy Loads Of Natural Sunlight & Perched Above The Valley On A Closed Cul-da-sac. The 2680 Sqft Home Is Level Entry With The Main Living...
Single Family
164 Golden Oaks Cres, Nanaimo, BC
MLS® #460111
Ocean & Mountain Views From This Sunny, South Facing Brand New Home With A Legal 2 Bedroom Suite. Perfectly Situated To Enjoy Loads Of Natural Sunlight & Perched Above The Valley On A Closed Cul-da-sac. This 2680 Sqft Home Is Level Entry With The Main Livin...
Single Family
208 Fleming Place, Nanaimo, BC
MLS® #459982
Here Is A Great Family Home With A Mortgage Helper Seconds From The Westwood Lake Recreation Area. This Home Offers 5 Beds (3 Up And 2 In The Suite Down), 3 Bathrooms, A Den, Large Master Bedroom With Ensuite And Walk In Closet. An Open Concept Kitchen, Din...
Single Family
224 Fleming Place, Nanaimo, BC
MLS® #459847
We Are Pleased To Offer For Sale This Almost 3000 Sf Family Home With A 2 Bedroom Legal Suite. The Cedar Beams Welcome You As You Approach The Front Door. Once Inside, There Is A Feeling Of Warmth And Space. There Is A Den, Media Room. Laundry And A Bathroo...
Condo/Strata
253 Victoria Road 105, Nanaimo, BC
MLS® #459928
Welcome To The Seven. Only 1 Left! West Coast Living Meets Modern Contemporary Design In This Gorgeous Three Level Townhouse With Stunning Ocean Views. It Even Comes With A City Of Nanaimo Approved Work/live Space Which Includes Its Own Separate Entrance & ...
Single Family
5941 Stillwater Way, Nanaimo, BC
MLS® #459905
Brand New 4 Bedroom Family Home Backing Onto Parkland In Popular Oliverwood! This Fabulous Home Offers An Open Living Room Boasting Easy Care Laminate Flooring. The Kitchen Offers Ample Cabinetry, A Spacious Work Island And Quartz Countertops. The Dining Ar...
Single Family
5837 Linyard Road, Nanaimo, BC
MLS® #459811
Ready For Occupancy! Here Is A Great Chance To Own An Affordable Detached Family Home In A Fantastic Area Of North Nanaimo. With A Large Central Park That Includes A Playground And A Basketball Court Linley Point Is The Perfect Neighborhood For A Growing Fa...
Single Family
5835 Linyard Road, Nanaimo, BC
MLS® #459808
Ready For Occupancy! Here Is A Great Chance To Own An Affordable Detached Family Home In A Fantastic Area Of North Nanaimo. With A Large Central Park That Includes A Playground And A Basketball Court Linley Point Is The Perfect Neighborhood For A Growing Fa...
Half Duplex
248 Golden Oaks Cres, Nanaimo, BC
MLS® #459750
Brand New 2,422 Sqft 1/2 Duplex On 3 Levels Built By Quality Builder In The Desirable Hammond Bay Area. The Main Level Entry Has An Open Living/dining Space, Large Kitchen With Work Island And Walk-in Pantry And 2 Piece Powder Room. The Lower Level Offers A...
Single Family
3841 Glen Oaks Drive, Nanaimo, BC
MLS® #459772
The Ridge, Nanaimo's Premier Liveable Community. This Gorgeous 2 Storey Main Level Entry Home Offers A Spacious Open Concept Floor Plan & Chic Modern Finishing That Are Sure To Impress. A Spectacular Residence Proudly Built By Creative Concepts Construction...
Single Family
3712 Monterey Drive, Nanaimo, BC
MLS® #459742
Stunning Home W/ Mountain View In Rockridge Estates. Brand New Level Entry 2 Storey Home Has Been Built W/ Superb High Quality Workmanship. The Main Level Offers An Open Plan. The Gourmet Kitchen Is Beautiful With Stylish 2 Toned Cabinets, Tiled Back Splash...
Single Family
103 Frances Street, Nanaimo, BC
MLS® #459726
Brand New, Quality Built Home In The Beautiful Millstone Valley Estates Offering For Pre-sale. Here Is Your Chance To Own This Stunning 1,746 Sqft. 3 Bedroom, 3 Bathroom Home, Featuring A Spectacular Floor Plan W/ Mount Benson Views. Bring Your Own Ideas To...
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!
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.
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.
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:
VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification.