With changing interest rates, shifting market conditions, and affordability remaining a top concern in cities like Vancouver, Victoria, and Squamish, many buyers in 2025 are asking: Should I buy a brand-new home or go with a resale? While there’s no one-size-fits-all answer, understanding the trade-offs — beyond surface-level preferences — can help you make a more informed and financially sound decision.
New builds offer a blank slate — you get modern layouts, energy-efficient systems, and fewer upfront maintenance concerns. Builders often include home warranties, which protect you from costly repairs for several years. Plus, many new homes meet BC's latest energy step codes, helping reduce utility bills. However, they often come with longer timelines, uncertainty around final costs (especially if finishes are upgraded), and GST on top of the purchase price. Also, new developments are typically on the outskirts of urban centres, so if proximity to schools, transit, or established communities matters, location could be a drawback. And in a rising-rate environment, delays can increase financing risks — your pre-approval might expire before the home is move-in ready.
Resale homes, meanwhile, offer immediacy and predictability. What you see is what you get — and you can often move in within 30 to 60 days. These homes are generally in more established areas with mature trees, schools, and infrastructure, which appeals to families and those valuing convenience. On the downside, older homes may require updates, may not meet current energy efficiency standards, and could lead to unexpected maintenance costs. A thorough home inspection is essential. Still, the ability to negotiate price, avoid GST, and have a clearer picture of the neighbourhood and resale history can make resale homes the more stable option — especially if you’re budgeting carefully or planning to live in the home long-term.
Final Thoughts:
If your timeline is flexible, you’re focused on long-term value, and you want a low-maintenance property with modern systems, a new build may be right for you — particularly in up-and-coming areas where long-term appreciation is likely. If you need to move quickly, want to maximize your location, or prefer a known quantity, resale is often the more practical and cost-efficient choice. In both cases, run the numbers carefully — factor in total cost of ownership, tax implications (like GST), and potential renovation or upgrade costs. Working with a real estate professional who understands the 2025 landscape — including zoning updates, builder reputations, and resale trends — is crucial to making the choice that supports your financial goals and lifestyle.