New Build vs. Resale Homes in Vancouver: What's Better in 2026?
It's the classic dilemma. New builds offer modern design and warranties but come with tax (GST). Resale homes have character and no GST but might hide expensive repairs.
The GST Factor
Buying a brand new home triggers 5% GST on top of the price. On a $1M condo, that's $50,000 cash you cannot mortgage easily. Resale homes are GST-exempt.
Floorplans: Old vs. New
New: efficient but small. A new 2-bed might be 750 sqft. Old (1990s): A resale 2-bed might be 1,000 sqft. In 2026, space is a luxury. Older buildings often offer better value per square foot.
Frequently Asked Questions
Everything you need to know about this topic. Can't find the answer you're looking for? Reach out to our team.
Yes. "New" doesn't mean perfect. The 2-5-10 warranty protects you, but dealing with deficiency repairs in the first year is common.
Usually yes, as the building requires more maintenance. Also, watch for upcoming "special levies" for roof or pipe replacements.