Buying a home is a major decision that involves careful considerations. Before making any purchase, there are a few steps you need to take in order to assess what type of home makes sense for you and your family. One of the first questions you should ask yourself is whether you want a new home or an existing one. Both have their advantages and disadvantages.

A New Home – or an Existing One?

About 25% of all homes purchased each year are newly built, while the remaining 75% are resales of existing homes. Which is best for you? As the Canadian Home Builders’ Association, we obviously have a bias for new homes, but you need to make the choice that makes the most sense for you and your family. (And if you buy a resale home, remember that our professional renovator members can help you make any changes you want.)

There are a number of differences between buying a new and resale home. Here’s our perspective on the advantages that a newly-built home can provide to you:

content from Canadian Home Builders Association