Looking to buy your next new home? Whether you are a first-time new home buyer or a seasoned investor, the sale of new construction homes has been on the rise for quite some time now in British Columbia. Listings Nearby provides you the most thorough, up-to-date catalogue of new home developments in BC.
British Columbia has over 550 new home development projects by real estate developers, including 300+ new condo development, 275+ new townhome development, and over 50 single-family home development projects.
All New Construction Home Cities
According to MLS® Home Price Index, the residential properties’ benchmark price in October 2020 in different regions of BC Province are:
* Areas covered by the Real Estate Board of Greater Vancouver include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
* Areas covered by the Real Estate Board of Fraser Valley include North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.
* Victoria Real Estate Board
The benchmark price of a single-family home hit $536,500 in October, an increase of three percent year over year and two percent lower than in September. The year-over-year benchmark price of an apartment rose by three percent, hitting $304,200 but down by two percent from the previous month. The benchmark price of a townhouse rose by nine percent year over year, climbing to $438,200 and an increase of one percent from September.
In Campbell River, the benchmark price of a single-family home hit $468,300, an increase of five percent over last year. In the Comox Valley, the benchmark price was $534,300, a slight increase from one year ago. Duncan reported a benchmark price of $498,400, an increase of three percent from October 2019. Nanaimo’s benchmark price decreased slightly to $558,100, while the Parksville-Qualicum area saw its benchmark price increase by six percent to $619,600. The cost of a benchmark single-family home in Port Alberni reached $339,900, up by two percent from one year ago. For the North Island, the benchmark price reached $229,000, a 15 percent increase over last year.
* Vancouver Island Real Estate Board