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 Linley Valley, The Most Beautiful High End Neighbourhood In North Nanaimo. This 2 Years Old Custom Built Home Boasts 6 Bedrooms, 4 Bathrooms With 2 Bedroom Legal Suite. 180 Degree Views Of Mt.benson, New Playground, Natural Wetland Park With Bird...
Built To Exacting Standards, High Point Estate Is A New, Private 5 Ac Property Perched On The Top Of Mount Benson That Commands Breathtaking Views Of Nanaimo, The Georgia Strait, The Vancouver Cityscape & Mt. Baker In The Distance. Enter Through Automated G...
New, New, New! Nestled Behind Mature Trees You'll Find This Brand New 5 Bedroom, 4 Bathroom Home With A Legal Suite And Den With Separate Bathroom And Entrance. Perfect For The Growing Family And Those That Work From Home. Close To Schools, Minutes To Shopp...
New Quality Home By Dg Homes. Nestled Behind Mature Trees You'll Find This Brand New 5 Bedroom, 4 Bathroom Home With A Legal Suite And Den With Separate Bathroom And Entrance. Perfect For The Growing Family And Those That Work From Home. Close To Schools, M...
No Gst On This 1 Yr New Home Located In The Exclusive Neighbourhood, The Ridge. Backs Onto A Greenbelt, Perfect If You Want Peace & Serenity. This 6 Bed 5 Bath Home With 3400+ Sqft Of Living Space Is Custom Designed & No Expense Was Spared. The Entrance Fea...
Welcome Home To Akenhead Road. If You Are Looking For A Property With A Great Home This Is For You. Walking In You Are Greeted To A Spacious Entry W/ Mud & Laundry That Flows Into A Stunning Kitchen W/ Large Island, Wine Rack, S/s Appliances & White Cabinet...
Almost New 4 Bedroom Family Home Backing Onto Parkland In Popular Oliver Woods! 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...
New Construction Home With 1 Bedroom Legal Suite, Situated In Pleasant Valley Close To Superstore. Estimated Completion Date Middle Of May 2021. New Home Warranty, Measurement Is From Floor Plan, Verify If Important. Price Is Plus Gst.
Quality Constructed By Dover Bay Construction Is This Two-storey Home In A Quiet Neighbourhood In Chase River.
Inside Are 4 Bedrooms, 3 Baths And Over 2200 Sq.ft. Of Living Area. As You Enter The Main Level You Will Find An Open
Floor Plan & Great Room De...
Quality Constructed By Dover Bay Construction Is This Two-storey Home In A Quiet Neighbourhood In Chase River.
Inside Are 4 Bedrooms, 3 Baths And Almost 2300 Sq.ft. Of Living Area. As You Enter The Main Level You Will Find An Open
Floor Plan & Great Room ...
Get Ready To Be Wowed By This New North Jingle Pot Home! Offering 3,003 Sq Ft Of Living Space With A Total Of 6 Beds & 4 Baths Including A 2 Bed 1 Bath Legal Suite. The Main Level Has An Open Floorplan W/ A Large Great Room Open To The Dining Room & From Th...
Panoramic Ocean And Mountain Views From This 3931 Sqft Beautiful Custom Built Home In North Nanaimo. As You Pass Through The Front Court Yard And Open The Front Door You Will Be Amazed At The Incredible Ocean Views. These Ocean Views Continue From Most Wind...
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:
