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
5777 Linyard Road, Nanaimo, BC
MLS® #453650
Brand New Linley Point West Coast Residence. Here Is A Great Opportunity To Own A Brand New Residence That Offers Approx. 2255 Sq.ft. Of Living Space With 3 Bds And 2 Bths On The Upper Floor With 9' Ceilings And A 2 Bdrm Legal Suite On The Lower Level With ...
Single Family
904 Boardwalk Ave, Nanaimo, BC
MLS® #453615
This 1668 Sq. Ft. Two Story Is A Great Design Providing The Flexibility Home Owners Are Sure To Love With Three Bedrooms As Well As An Added Upstairs Study Or Bonus Room Which Can Serve A Variety Of Needs. Quartz Countertops In The Kitchen With Full Height ...
Single Family
903 Park Ave, Nanaimo, BC
MLS® #453604
Amazing Opportunity To Get Into Park And Eighth's 2672 Sq. Ft. Main Level Entry Home With Its Two Bedroom Suite In The Lower, Walk-out Basement. Features Include Three Bedrooms On The Main Level, Quartz Countertops In The Main Level Kitchen With Full Height...
Single Family
1312 Langara Drive, Nanaimo, BC
MLS® #453540
You Will Be Impressed From The Moment You Walk In To This Custom Designed 3 Bedroom Rancher. The Spacious Open Floor Plan Boasts Light Oak Engineered Hardwood Flooring Throughout The Home, A K2 Stone Gas Fireplace With Built In Media Cabinetry Beside, A Bea...
Single Family
97 Ashlar Ave, Nanaimo, BC
MLS® #453503
Another Quality Build By Sunporch Homes Ltd. All Measurements Are Approximate & Should Be Verified If Deemed Important. More Remarks To Follow...
Single Family
5806 Linley Valley Drive, Nanaimo, BC
MLS® #453535
Brand New Show Home Located In Nanaimo's Newest Neighbourhood. Here Is An Opportunity To Own This 7 Bedroom Home Featuring A Spectacular Floor Plan. As You Enter The Foyer You Immediately See The High Quality Finishes & Attention To Detail That Flows Throug...
Condo/Strata
4148 Emerald Woods Place, Nanaimo, BC
MLS® #453520
These Stunning Two Bedroom And Den Patio Homes, Called The Sitka, Are Part Of A New 70 Home Development At Emerald Woods Place. The Sitka Features Our Premium Upgrade Plan With 9' And 11' Ceilings, Open Plan With Island Kitchen, Spacious Living With Gas Fir...
Single Family
536 Grewal Place, Nanaimo, BC
MLS® #453470
Looking For A Brand New Affordable Ocean View Family Home With A Bonus Of 9 Ft Coffered Ceilings? This Brand New Home Is An Amazing Combination Of Value And Security. With Some Great Ocean Views From The Top Level In The Master And Off The Kitchen & Back De...
Single Family
595 Larch Street, Nanaimo, BC
MLS® #453431
High End, New Home Finished With The Finest Materials Is Nested On The Top Of Brechin Hill With Shining Ocean & Mountains Views. Featuring 3 Bdrms/4 Baths. Large Windows Were Designed To Provide Extra Sound Proofing & To Optimize Views From This Location. A...
Condo/Strata
4127 Emerald Woods Place, Nanaimo, BC
MLS® #453298
This Beautifully Finished, Basement Entry Townhome At Emerald Woods Place Offers 1286sf On The Main And 723sf On The Lower Level, These Are 3 Bedroom/3 Bathroom Plans Featuring 6 Appliances, Blinds, Engineered Hardwood Floors, Quality Carpet In Bedrooms And...
Condo/Strata
4125 Emerald Woods Place, Nanaimo, BC
MLS® #453297
This Beautifully Finished, Basement Entry Townhome At Emerald Woods Place Offers 1286sf On The Main And 723sf On The Lower Level, These Are 3 Bedroom/3 Bathroom Plans Featuring 6 Appliances, Blinds, Engineered Hardwood Floors, Quality Carpet In Bedrooms And...
Condo/Strata
4123 Emerald Woods Place, Nanaimo, BC
MLS® #453296
This Beautifully Finished, Basement Entry Townhome At Emerald Woods Place Offers 1286sf On The Main And 723sf On The Lower Level, These Are 3 Bedroom/3 Bathroom Plans Featuring 6 Appliances, Blinds, Engineered Hardwood Floors, Quality Carpet In Bedrooms And...
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.