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.
Fabulous Location Close To All Amenities. Walking Distance To Schools, Parks, Beaches And More. The 3250sqft Property W/ 6bdrm& 4bth Boasts "sunshine" All Day! 180 Degree Views Of Mt.benson In The Distance Which Encompasses Most Of The Rear Windows And Deck...
Brand New Family Home With A Two-bedroom Legal Suite Down. You’ll Fall In Love With This Beautiful Open Plan Home. The Spacious Living Room Features A Cozy Gas Fireplace And Access To The Front Deck With A Mountain View. The Gourmet Kitchen Offers Over Heig...
-brand New Custom Built- Family Home In The Newest, Friendliest Neighborhood Of Nanaimo. Enjoy The Serenity Of The Great Outdoors Close To Parks & Trails Yet Conveniently Located Close To All North Nanaimo Amenities & The Parkway. Main Level Entry W/open Li...
Semi Waterfront Residence In Sought After Rocky Point. Main Floor Opens To Large Kitchen, Dining And Living Room With Panoramic Views Across The Georgia Strait And Coastal Mountains. Large Deck Enhances Viewing Position For Amazing Summer Sunsets And Storm...
Modern Family Home Located In Hawthorne Estates Offering A 2-bedrom Legal Suite On The Lower Level. The Open Concept Floorplan Is Perfect For Entertaining With Nearly 2,400 Square Feet Of Living Space. This Home Comes Fully Loaded With Many High-end Finishe...
Brand New Executive Home.great North Nanaimo Location .six Bedrooms Plus A Large Den.two Bedroom Legal Suite .top Quality Workmanship And Finishing.four Bathrooms. Feature Gas Fireplace.top Quality Flooring Throughout. Huge Kitchen With Plenty Of Cupboards ...
Luxurious Custom Built Home In North Nanaimo With Stunning Panoramic Ocean & Mountain Views. Built By Ocean Green Homes, This Home Offers 3,750 Sq. Ft. 5-bedrooms & 4.5 Baths. The Fabulous Great Room Features A Gas Fireplace, Cathedral Ceilings, Skylights &...
Brand New Construction In A Great North Nanaimo Location. Situated In A Quiet Cul-de-sac This Beautiful Basement Entry Home Offers Ample Room For A Growing Family. Upstairs Offers A Grand Feeling With Coffered Ceilings & Large Windows. The Open Flow Of The ...
Rockridge Estates Quality Home Built In 2019 & No Gst. Great Opportunity To Own This Beautiful Main Level Entry Residence That Offers 2700 Sq. Ft. Of Living Space With 3 Beds, 3 Baths, Den & Family Room. Tastefully Finished With An Open Concept Design. Thi...
Beautiful Brand-new Family Home Conveniently Located In Hawthorne Estates. This Spacious And Thought-out Open Concept Floorplan Offers Over 2,100 Square Feet Of Living Space With 5 Bedrooms, A Den And 4 Full Bathrooms; Plus, The 2-bedroom Legal Suite Down B...
Sun Porch Homes Proudly Presents Another New Quality-built Home! Easy Beach Access As This Home Is Located 1.5 Blocks From Departure Bay Seawall. This Exceptional 4-bed/2.5 Bath Home + Study, Is Move-in Ready Nov 2020. Craftsman Inspired Design Features Ope...
Built-in 2018 This House Nestled On A Corner Lot In A Neighbourhood Of Newer Homes. It Is Situated On A Short Drive Away From Viu And Its Nearby To Shopping. Within Its Nearly 1600 Sqft Of Living Its Main Floor Boasts An Open Floor Concept Where U Can Gathe...
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:
