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.
Single Family Detached Living With Convenience Of Strata Lifestyle! Welcome To This Beautiful Departure Bay Home! Very Spacious & Bright With A Beautiful Private Garden. Minutes To The Ocean, Departure Bay Ferries, Coffee Shops And Shopping - This Is Conven...
Check Out This Brand New Top Quality Home Close To Westwood Lake. This New Home Features 3 Bedrooms On The Main Floor With An Open Living Concept. The Downstairs Features An Office/den With Separate Entrance And Washroom. Perfect For Working From Home. Th...
Spectacular Modern Nanaimo Home. This Light Filled 4 Bed, 3 Bath Home Was Built In 2019, & Is Full Of Stylish Modern Finishes. With Vaulted Ceilings And Oversized Windows, The Open Plan Main Floor Features A Large Great Room And Modern Kitchen With An Expan...
Have You Been Searching For That Perfect Home That You Can Be Proud Of? If So, This Beautiful Home Awaits You! Welcome To Rock Ridge Estates, Located In Desirable North Jingle Pot! With Main Floor Level Entry Living, This Home Boasts An Incredible Open Conc...
Beautifully Finished 1 Yr Old 3 Bd/3 Ba Departure Bay Home Offers A Great Layout In A Popular, Walkable Neighbourhood! Main Level Has Open Concept Kitchen With Lg Stainless Steel Appliances, Gas Stove & Quartz Counter Tops Plus Dining Area And A Living Room...
Situated In The Ever Growing South Nanaimo Core This Newer 2019 Built Home Offers Loads Of Custom Work And Great Features Throughout. With 6 Bedrooms Spread Over 2 Suites This Property Allows For Multiple Income Streams! The Main Home Is Nearly 1,500 Sqft O...
Here Is A Beautiful And Modern Home Being Constructed By Dg Homes. In The Heart Of Nanaimo's South Jingle Pot Area, You'll Find Many Amenities Only Minutes Away. Are Your Kids Enrolled In Sports? Nanaimo Ice Centre And Nanaimo Aquatice Centre Are 5 Mins Awa...
Brand New 5 Bed, 3 Bath Home Near Vancouver Island University. The Functional Layout Has 3 Bed/ 2
Bath Up W/ Open Concept Living And Kitchen & A Large Deck Off The Kitchen Looking Out To The Level
Rough Landscaped Yard W/ Block Retaining Walls. There Is A...
Looking For A New Home Without A Suite? This Is It! Another Gorgeous New Build Brought To You By Harbour Point Homes. This Centrally Located Home On A Quiet No-through Street Has It All; 4 Bed 3 Bath + Rec Room With Designer Chosen Finishes & Modern 9 Ft Ce...
Brand New Harbour Point Home With Mt. Benson Views & 1 Bed Legal Suite - Ready This Fall! Tucked Away In Divers Lake On Quiet No-through Street Central To Amenities; This 4 Bed 3 Bath Home Has Designer Chosen Finishes & Naturally Lit From 9 Ft Ceilings On B...
Exceptional Ocean View 3-story Main Level Entry Home In The North Nanaimo Newest Subdivision. The Main Floor Consists Of 1700 Sqft & Is Equipped With 400sf Double Garage, A Large Great Room Featuring High Ceilings & Gas Fireplace; Primary Bedroom/5-piece En...
Executive Home Featuring A 3 Car Garages 2 Bdrm Legal Suite & Ocean Views. Located In North Nanaimo’s Newest Subdivision, The Main Floor Consists Of 1700 Sqft & Is Equipped With A Large Great Room Featuring High Ceilings, 3 Bedrooms, Laundry Room. The Lower...
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:
