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ARTICLE · 25 NOVEMBER 2011

So, You're Thinking About Buying A New Home

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For many purchasers, the decision to buy a new home or a resale home can be a difficult one. There are clear advantages and disadvantages to either type of home.

CanadaReal Estate and Construction
Brad Bain
Brad Bain
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For many purchasers, the decision to buy a new home or a resale home can be a difficult one. There are clear advantages and disadvantages to either type of home. Many of the concerns people have are not of a legal nature but tend to deal with factors such as the location of the house in relation to schools, parks and services, or the "character" of an older home.

The advantages of buying a new home rather than a resale home typically revolve around the fact that the structure is brand new, energy-efficient, and made with modern building materials. Because new homes have to be built in accordance with the current Ontario Building Code and municipal by-laws, newer homes tend to be better built than older ones.

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