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.
3 Level Executive Home With Breathtaking Ocean Views From Every Floor. Perched At The Top Of One Of North Nanaimo's Most Prestigious Neighbourhoods. A Large Mahogany Door Welcomes You Inside. Flowing Off The Living Area Is The Large Custom Kitchen Featuring...
Brand New Linley Point Residence
Unique Two Storey Floor Plan In This Detached Strata Single-family Duplex. A Great Location With Neighbourhood Park, Access To Linley Valley Trails, And Close To All Amenities. Desirable Main Level Living With Bedrooms On T...
New Construction In North Jingle Pot. More To Follow. Occupancy Expected Mid June 2021. Measurements Are Approximate. Verify If Important. Price Is Plus Gst
Gorgeous New Home With 1 Bed Legal Suite & Rv Parking Built By Harbour Point Homes - Ready For Summer! Awesome Mt Benson Views, Central Divers Lake Location & Quiet No-through Street. This 4 Bed 3 Bath Home Is Naturally Bright From The Open Floor Plan & 9 F...
Beautiful Large Family Home In The Desirable Hawthorne Estates Subdivision In The University
District. A Multitude Of Options For The Discerning Buyers. With The
Legal 2 Bedroom Suite And The Additional 1 Bed/1 Bath For Cash Flow From Student Or Air B&b I...
Stunning 4 Bed, 3 Bath Home In 'the Ridge'. With Over 2700 Sq Ft Of Living Space This Home Will Exceed Expectations. 3 Bedrooms Upstairs, All Outfitted With Closet Organizers. The Great Room Is Just That, Great! The Area Is Complimented By The 13 Ft Island ...
Stunning Views From The Expansive Deck Is Just One Of Many Amazing Features Of This Executive Home North Nanaimo Home. From The Moment You Walk In The Front Entrance Elegance & Flow, Colour & Lighting Encapsulate All. Engineered For Broad Open Concept Desig...
A Fantastic North Nanaimo Single-family Home In The New 5160 Hammond Bay Development And Is Just Minutes From Frank J Ney Elementary. This Bright 4 Bedroom, 4 Bath Home Just Completed Being Built In April 2021. The Primary Bedroom Includes A 5 Piece Ensuite...
Luxurious Living With A Modern Design To Capture Beautiful Ocean And Mountain Views. This New 4 Bed 3 Bath Home With High End Finishings Is Located In The Much Sought After Area Of Linley Valley, On Golden Oaks Cres. A Family Forward Neighbourhood Home To M...
Beautiful Brand New West Coast Home Proudly Built By Owen Gardiner Construction. Home Has 5 Bedrooms And 3 Bathrooms, Located In Desirable Chase River Area Backing Onto Park Land With 2 Bedroom Self Contained Legal Suite. This Home Features An Open Concept ...
Stunning North Nanaimo Home That Has The Wow Factor You Have Been Looking For! Brand New With A 2-bedroom Legal Suite And 2/5/10 New Home Warranty. Bright Open Layout With Warm Hardwood Flooring And Ceramic Tile. Fine Attention To Detail With Crown Mouldin...
Fabulous Brand-new Home Situated In A New Subdivision Of Chase River. Designed With Elegance And Sophistication, This Home Offers 2600 Sq Ft With 3 Beds & 2 Baths On The Upper Level, A Den On Lower, And A Legal Suite On The Lower With 2 Beds & 1 Bath. The S...
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:
