New Homes

Pre-sale and new build purchase contracts are unique. Navigating through terms such as...

And others, should only be done with competent, licensed representation.

scroll down

Rescission Periods:

A rescission period is your time to reflect on the purchase that you have just made, or anticipate making, and more importantly to read through the disclosure statement that accompanied the purchase agreement. You may rescind your purchase agreement by serving written notice on the developer within 7 days after the date of the purchase agreement and the time that you have acknowledged receiving the disclosure statement. That’s the short story, for the full version, contact us.

Disclosure Statements:

In British Columbia, all new developments of five or more units are subject to the Real Estate Development and Marketing Act which governs how a developer markets and sells development properties.

The Act requires developers to provide a Disclosure Statement to Buyers which discloses, among other things, the following:

  1. The Background and Experience of the Developer
  2. The Purchaser’s Rights of Rescission
  3. Permitted Uses of the Development
  4. Phasing of the Development
  5. Strata Information, Bylaws and Budgets
  6. Parking Entitlements
  7. Utilities and Services
  8. Description of the Land Title
  9. Construction and Warranties
  10. Local Government Approvals and Finances
  11. Handling of Purchaser’s Deposits

This document, while lengthy and comprehensive, should be read and understood by the buyer before firming any contract. Let us peruse and explain it to you.

Lien Holdbacks:

Brand new homes in BC are subject to liens being placed on the title of the home if a contractor or supplier was not paid for the product or service that went into the construction of the home. The Builders Lien Act provides rights and imposes obligations on most of the parties within the construction project in addition to their respective rights under their contracts. It is the law in BC and it must be adhered to. In most situations an amount of money (10%) should be held back by the conveyancer for a specified period of time to ensure if a lien is going to placed on the home, there will be financial resources held in trust to satisfy the claim. Ask us about exceptions to this practice.

Specification Sheets:

When buying a home that is yet to be built, it is often possible to have some input into the way the home shall be built and finished. In a new build condominium, this seldom means more than picking between 2 or 3 colour schemes which will dictate the colour of the flooring, cabinetry etc. In a single family dwelling it may be as extensive as laying out rooms, adding vaulted ceilings, customizing electrical and plumbing rough ins etc. This specification sheet must accompany the contract of purchase and sale, to the extent that, one would not be enforceable without the other.

There are advantages and disadvantages to either scenario. Call us anytime to discuss these.

Built Green:

Built Green is a national initiative committed to building residential homes in an environmentally responsible manner. With this comes sustainability and energy efficiency, as not all builders are building to Built Green standards. If you are concerned with the preservation of natural resources, reduction of pollution, ventilation and air quality, and the improvement of home durability, ask us for a list of Built Green builders on the South Island.

2-5-10 Warranty:

New homes built in BC by licensed residential builders must be covered by mandatory, third-party home warranty insurance. Home warranty insurance is a limited policy of insurance covering construction defects in a new home, ranging from cosmetic imperfections in your drywall to structural issues in your foundation. Various items are covered for varying amounts of time. It is most often referred to as the 2-5-10 Warranty. The coverage stays with the home which means it is transferable to subsequent owners. Ask us which items are covered and which aren't.

Page 6 of 10, showing records 126-150 of 250.

304 - 2447 Henry Ave Sidney - Si Sidney North-East
$525,000
1 Bed | 1 Bath | 774 SqFt
Listed with Macdonald Realty Ltd. (Sid)
8 - 9889 Seventh St Sidney - Si Sidney North-East
$695,000
3 Bed | 3 Bath | 1,272 SqFt
Listed with Macdonald Realty Ltd. (Sid)
12 - 9889 Seventh St Sidney - Si Sidney North-East
$975,000
3 Bed | 4 Bath | 2,018 SqFt
Listed with Macdonald Realty Ltd. (Sid)
401 - 2475 Mt. Baker Ave Sidney - Si Sidney North-East
$1,149,000
2 Bed | 2 Bath | 1,470 SqFt
Listed with Macdonald Realty Ltd. (Sid)
2320 Mountain Heights Dr Sooke - Sk Broomhill
$749,900
5 Bed | 3 Bath | 2,500 SqFt
Listed with RE/MAX Camosun Westside
1057 Sandalwood Crt Langford - La Luxton
$929,000
5 Bed | 4 Bath | 2,926 SqFt
Listed with RE/MAX Camosun Westshore
204 - 5118 Cordova Bay Rd Saanich East - SE Cordova Bay
$659,000
2 Bed | 2 Bath | 995 SqFt
Listed with Pemberton Holmes - Cloverdale
10224 Resthaven Dr Sidney - Si Sidney North-East
$719,900
3 Bed | 2 Bath | 1,276 SqFt
Listed with Realtii Victoria
10222 Resthaven Dr Sidney - Si Sidney North-East
$729,900
3 Bed | 2 Bath | 1,276 SqFt
Listed with Realtii Victoria
2355 Azurite Cres Langford - La Bear Mountain
$999,900
4 Bed | 4 Bath | 2,675 SqFt
Listed with RE/MAX Camosun Westshore
6 - 618 Lampson St Esquimalt - Es Old Esquimalt
$737,500
4 Bed | 4 Bath | 1,480 SqFt
Listed with Coldwell Banker Slegg Realty
4 - 618 Lampson St Esquimalt - Es Old Esquimalt
$699,900
4 Bed | 4 Bath | 1,480 SqFt
Listed with Coldwell Banker Slegg Realty
2027 Melville Dr Sidney - Si Sidney North-East
$659,900
3 Bed | 2 Bath | 1,180 SqFt
Listed with Maxxam Realty Ltd.
948 Warbler Close Langford - La Happy Valley
$549,000
3 Bed | 4 Bath | 1,882 SqFt
Listed with Royal LePage Coast Capital - Chatterton
3294 Marty Lane Colwood - Co Hatley Park
$949,000
6 Bed | 4 Bath | 3,168 SqFt
Listed with Maxxam Realty Ltd.
921 Peace Keeping Cres Langford - La Walfred
$750,000
4 Bed | 4 Bath | 2,583 SqFt
Listed with The Condo Group Real Estate
3525 Joy Close Langford - La Olympic View
$1,088,000
6 Bed | 4 Bath | 3,491 SqFt
Listed with Century 21 Queenswood Realty Ltd.
917 Peace Keeping Cres Langford - La Walfred
$750,000
4 Bed | 4 Bath | 2,584 SqFt
Listed with The Condo Group Real Estate
10387 Allbay Rd Sidney - Si Sidney North-East
$2,700,000
4 Bed | 4 Bath | 2,486 SqFt
Listed with Pemberton Holmes - Cloverdale
207 - 741 Travino Lane Saanich West - SW Royal Oak
$729,000
2 Bed | 3 Bath | 1,356 SqFt
Listed with Royal LePage Coast Capital - Chatterton
6 - 1032 Cloverdale Ave Saanich East - SE Quadra
$699,900
2 Bed | 3 Bath | 1,656 SqFt
Listed with Sutton Group West Coast Realty
2322 Azurite Cres Langford - La Bear Mountain
$1,149,900
6 Bed | 5 Bath | 3,649 SqFt
Listed with Royal LePage Coast Capital - Westshore
Open House
Open House - Sun, Jan 20th, 2:00 pm to 4:00 pm
1176 Deer Meadow Highlands - Hi Bear Mountain
$699,900
3 Bed | 3 Bath | 1,545 SqFt
Listed with RE/MAX Camosun
915 Tayberry Terr Langford - La Happy Valley
$659,000
4 Bed | 4 Bath | 2,261 SqFt
Listed with RE/MAX Alliance
3365 Sanderling Way Langford - La Happy Valley
$649,000
3 Bed | 4 Bath | 2,115 SqFt
Listed with RE/MAX Alliance

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.