New Homes in Nanaimo

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.

New Construction Listings (newest first)

108 Properties Found. Page 1 of 9

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461032

$305,000 Active

  • 1 Beds
  • 1 Baths
  • 713 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461024

$375,000 Active

  • 2 Beds
  • 2 Baths
  • 994 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461022

$305,000 Active

  • 1 Beds
  • 1 Baths
  • 687 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461021

$375,000 Active

  • 2 Beds
  • 2 Baths
  • 989 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461009

$325,000 Active

  • 1 Beds
  • 1 Baths
  • 832 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #460993

$365,000 Active

  • 2 Beds
  • 2 Baths
  • 994 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #460991

$365,000 Active

  • 2 Beds
  • 2 Baths
  • 989 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461010

$325,000 Active

  • 1 Beds
  • 1 Baths
  • 832 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461005

$365,000 Active

  • 2 Beds
  • 2 Baths
  • 989 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461013

$300,000 Active

  • 1 Beds
  • 1 Baths
  • 713 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461011

$300,000 Active

  • 1 Beds
  • 1 Baths
  • 719 ft²

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...

RE/MAX Of Nanaimo

Welcome To The Met! Urban Living In The Heart O...

Photo of Listing #461020

$295,000 Active

  • 1 Beds
  • 1 Baths
  • 686 ft²

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...

RE/MAX Of Nanaimo

Buying New Construction in Nanaimo

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:

  • 2 years' coverage on labour and materials
  • 5 years on building envelope
  • 10 years on home's structure

 

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.