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.
Condo/Strata
6540 Metral Drive 310, Nanaimo, BC
MLS® #461032
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 303, Nanaimo, BC
MLS® #461024
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 302, Nanaimo, BC
MLS® #461022
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 301, Nanaimo, BC
MLS® #461021
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 206, Nanaimo, BC
MLS® #461009
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 103, Nanaimo, BC
MLS® #460993
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 101, Nanaimo, BC
MLS® #460991
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 207, Nanaimo, BC
MLS® #461010
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 201, Nanaimo, BC
MLS® #461005
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 210, Nanaimo, BC
MLS® #461013
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 208, Nanaimo, BC
MLS® #461011
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
Condo/Strata
6540 Metral Drive 214, Nanaimo, BC
MLS® #461020
Welcome To The Met! Urban Living In The Heart Of North Nanaimo. North Nanaimo's Newest Condo Building Is Perfectly Situated To Take In Exceptional Ocean And Mountain Views And Maximize Walkability. You Are A Short Stroll To Over 200 Amenities Including Heal...
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.