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.

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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.

201 - 986 Heywood Ave Victoria - Vi Fairfield West
$1,200,000
2 Bed | 2 Bath | 1,143 SqFt
Listed with Sutton Group West Coast Realty
2087 Wood Violet Lane North Saanich - NS Bazan Bay
$820,000
3 Bed | 3 Bath | 2,027 SqFt
Listed with RE/MAX Alliance
2735 Woodhaven Rd Sooke - Sk French Beach
$899,900
5 Bed | 2 Bath | 2,502 SqFt
Listed with Pemberton Holmes - Sooke
Open House
Open House - Wed, Jul 17th to Sun, Jul 21st, 12:00 pm to 5:00 pm
2217 Deerbrush Cres North Saanich - NS Bazan Bay
$786,900
3 Bed | 3 Bath | 1,535 SqFt
Listed with Newport Realty Ltd.
Open House
Open House - Sun, Jul 21st, 2:00 pm to 4:00 pm
5 - 10490 Resthaven Dr Sidney - Si Sidney North-East
$664,900
3 Bed | 3 Bath | 1,305 SqFt
Listed with Macdonald Realty Ltd. (Sid)
2427 Fern Way Sooke - Sk Sunriver
$299,900
2 Bed | 2 Bath | 984 SqFt
Listed with Newport Realty Ltd.
2451 Fern Way Sooke - Sk Sunriver
$324,900
2 Bed | 2 Bath | 1,062 SqFt
Listed with Newport Realty Ltd.
Open House
Open House - Sun, Jul 21st, 2:00 pm to 4:00 pm
3179 Somerset St Victoria - Vi Mayfair
$1,519,000
5 Bed | 6 Bath | 2,880 SqFt
Listed with Royal LePage Coast Capital - Chatterton
2512 West Trail Crt Sooke - Sk Broomhill
$699,900
4 Bed | 4 Bath | 2,382 SqFt
Listed with Royal LePage Coast Capital - Sooke
Open House
Open House - Sun, Jul 21st, 2:00 pm to 4:00 pm
4249 Pullet Pl Saanich East - SE High Quadra
$975,000
3 Bed | 4 Bath | 1,988 SqFt
Listed with Sutton Group West Coast Realty
Open House
Open House - Wed, Jul 17th to Sun, Jul 21st, 12:00 pm to 5:00 pm
2306 Deerbrush Cres North Saanich - NS Bazan Bay
$819,900
3 Bed | 3 Bath | 1,938 SqFt
Listed with Newport Realty Ltd.
Open House
Open House - Wed, Jul 17th to Sun, Jul 21st, 12:00 pm to 5:00 pm
2307 Deerbrush Cres North Saanich - NS Bazan Bay
$849,900
4 Bed | 3 Bath | 2,047 SqFt
Listed with Newport Realty Ltd.
Open House
Open House - Wed, Jul 17th to Sun, Jul 21st, 12:00 pm to 5:00 pm
2073 Deerbrush Cres North Saanich - NS Bazan Bay
$1,149,900
4 Bed | 4 Bath | 2,785 SqFt
Listed with Newport Realty Ltd.
Open House
Open House - Wed, Jul 17th to Sun, Jul 21st, 12:00 pm to 5:00 pm
2313 Deerbrush Cres North Saanich - NS Bazan Bay
$909,900
5 Bed | 3 Bath | 2,347 SqFt
Listed with Newport Realty Ltd.
Open House
Open House - Wed, Jul 17th to Sun, Jul 21st, 12:00 pm to 5:00 pm
2270 Deerbrush Cres North Saanich - NS Bazan Bay
$839,900
3 Bed | 3 Bath | 2,000 SqFt
Listed with Newport Realty Ltd.
1435 Hampton Oaks Lane Saanich East - SE Mt Doug
$1,599,000
6 Bed | 5 Bath | 3,642 SqFt
Listed with Coldwell Banker Oceanside Real Estate
116 - 539 Delora Dr Colwood - Co Royal Bay
$835,000
3 Bed | 3 Bath | 2,061 SqFt
Listed with Sutton Group West Coast Realty
2391 Lansdowne Rd Oak Bay - OB Henderson
$2,650,000
5 Bed | 5 Bath | 4,665 SqFt
Listed with Royal LePage Coast Capital - Oak Bay
4051 Braefoot Rd Saanich East - SE Mt Doug
$1,888,000
5 Bed | 5 Bath | 3,727 SqFt
Listed with Coldwell Banker Oceanside Real Estate
Open House
Open House - Sun, Jul 21st, 1:00 pm to 4:00 pm
101 - 100 Presley Pl View Royal - VR Six Mile
$424,900
2 Bed | 2 Bath | 940 SqFt
Listed with Royal LePage Coast Capital - Chatterton
Open House
Open House - Sat, Jul 20th to Sun, Jul 21st, 1:00 pm to 3:00 pm
1233 Flint Ave Langford - La Bear Mountain
$528,900
3 Bed | 3 Bath | 1,388 SqFt
Listed with Royal LePage Coast Capital - Westshore
Open House
Open House - Sat, Jul 20th to Sun, Jul 21st, 1:00 pm to 3:00 pm
1237 Flint Ave Langford - La Bear Mountain
$538,900
3 Bed | 3 Bath | 1,388 SqFt
Listed with Royal LePage Coast Capital - Westshore
306 - 2475 Mt. Baker Ave Sidney - Si Sidney North-East
$395,000
0 Bed | 1 Bath | 487 SqFt
Listed with Newport Realty Ltd.
1460 Pebble Pl Langford - La Bear Mountain
$1,879,000
5 Bed | 5 Bath | 4,199 SqFt
Listed with Engel & Völkers Vancouver Island
6 - 991 McKenzie Ave Saanich East - SE Quadra
$709,900
2 Bed | 2 Bath | 1,271 SqFt
Listed with The Condo Group Real Estate

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.