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 9 of 10, showing records 201-225 of 250.

305 - 2447 Henry Ave Sidney - Si Sidney North-East
$499,000
1 Bed | 1 Bath | 865 SqFt
Listed with Macdonald Realty Ltd. (Sid)
306 - 2447 Henry Ave Sidney - Si Sidney North-East
$499,000
1 Bed | 1 Bath | 862 SqFt
Listed with Macdonald Realty Ltd. (Sid)
Open House
Open House - Sat, Apr 6th, 2:15 pm to 4:00 pm
Lot 10 - 23803 Trailhead Dr Sooke - Sk Jordan River
$299,900
2 Bed | 1 Bath | 864 SqFt
Listed with Maxxam Realty Ltd.
Lot 11 - 23803 Trailhead Dr Sooke - Sk Jordan River
$399,900
3 Bed | 2 Bath | 1,209 SqFt
Listed with Maxxam Realty Ltd.
504 - 4009 Rainbow Hill Lane Saanich East - SE High Quadra
$749,900
2 Bed | 2 Bath | 1,095 SqFt
Listed with RE/MAX Camosun
803 - 4009 Rainbow Hill Lane Saanich East - SE Quadra
$798,000
2 Bed | 2 Bath | 1,130 SqFt
Listed with RE/MAX Alliance
240 Callaghan Rd Gulf Islands - GI Mayne Island
$719,000
2 Bed | 2 Bath | 1,265 SqFt
Listed with RE/MAX Mayne-Pender
101 - 9600 Second St Sidney - Si Sidney South-East
$1,850,000
3 Bed | 3 Bath | 2,211 SqFt
Listed with Macdonald Realty Ltd. (Sid)
203 - 881 Short St Saanich East - SE Quadra
$459,900
2 Bed | 1 Bath | 815 SqFt
Listed with Pemberton Holmes - Cloverdale
305 - 922 Lyall St Esquimalt - Es Esquimalt
$491,130
1 Bed | 1 Bath | 642 SqFt
Listed with Pemberton Holmes Ltd. - Oak Bay
306 - 922 Lyall St Esquimalt - Es Esquimalt
$763,100
2 Bed | 2 Bath | 886 SqFt
Listed with Pemberton Holmes Ltd. - Oak Bay
Open House
Open House - Sat, Mar 30th to Sun, Mar 31st, 1:00 pm to 3:00 pm
2486 Selwyn Rd Langford - La Thetis Heights
$534,900
3 Bed | 3 Bath | 1,763 SqFt
Listed with Royal LePage Coast Capital - Westshore
Open House
Open House - Sat, Mar 30th, 11:30 am to 1:30 pm
2438 Sooke Rd Colwood - Co Hatley Park
$849,900
5 Bed | 3 Bath | 2,396 SqFt
Listed with Maxxam Realty Ltd.
2288 Mountain Heights Dr Sooke - Sk Broomhill
$750,000
5 Bed | 3 Bath | 2,678 SqFt
Listed with The Condo Group Real Estate
4168 Sierra Park Lane Saanich East - SE Gordon Head
$1,699,900
6 Bed | 5 Bath | 3,534 SqFt
Listed with RE/MAX Camosun
6308 Riverstone Dr Sooke - Sk Sunriver
$499,900
3 Bed | 3 Bath | 1,857 SqFt
Listed with RE/MAX Camosun Westshore
111 Moss St Victoria - Vi Fairfield West
$1,880,000
5 Bed | 4 Bath | 3,003 SqFt
Listed with RE/MAX Camosun - Oak Bay
114 - 539 Delora Dr Colwood - Co Royal Bay
$749,900
3 Bed | 3 Bath | 1,879 SqFt
Listed with Sutton Group West Coast Realty
198 Olive St Victoria - Vi Fairfield West
$1,699,000
5 Bed | 4 Bath | 2,607 SqFt
Listed with Pemberton Holmes - Cloverdale
10741 Bayfield Rd North Saanich - NS McDonald Park
$4,499,900
4 Bed | 5 Bath | 5,401 SqFt
Listed with Sutton Group West Coast Realty
801 - 4009 Rainbow Hill Lane Saanich East - SE High Quadra
$888,000
2 Bed | 2 Bath | 1,215 SqFt
Listed with RE/MAX Alliance
2304 Mountain Heights Dr Sooke - Sk Broomhill
$739,900
5 Bed | 4 Bath | 2,767 SqFt
Listed with RE/MAX Camosun Westside
2209 Navigators Rise Langford - La Bear Mountain
$2,188,888
7 Bed | 5 Bath | 4,264 SqFt
Listed with RE/MAX Alliance
Open House
Open House - Sat, Mar 30th, 12:00 pm to 4:00 pm
3547 Paperbark Cres Langford - La Olympic View
$959,000
5 Bed | 5 Bath | 3,260 SqFt
Listed with Sutton Group West Coast Realty
Open House
Open House - Sun, Mar 31st, 1:00 pm to 3:00 pm
8033 Huckleberry Crt Central Saanich - CS Saanichton
$899,900
3 Bed | 3 Bath | 1,754 SqFt
Listed with RE/MAX Camosun

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.