New construction or resale? How to compare your next home

Start with your move date

A resale search lets you view existing homes and discuss a closing date for a specific property. A new construction search may include homes under construction, future releases and completed inventory. Ask which exact home is available and which dates have been confirmed. If your lease ends or your current home closes on a fixed date, write down your backup accommodation plan before choosing.

Compare the space you will actually use

A floor area does not tell you how a home lives. Compare the width of the main living area, bedroom placement, stairs, storage and usable outdoor space. A three-storey townhome can have similar square footage to a two-storey home while arranging that space very differently. In a resale property, take measurements during a viewing. For a new home, work from the dimensioned plan and ask the builder to clarify anything missing.

Use a complete comparison, not just a starting price

Beside the advertised figure, list the selected model, parking, lot or elevation premiums, included finishes and any ongoing fees. Record the source and date of each figure. For a resale home, note visible work you would want to do and have the condition assessed by the appropriate professional. Ask your lawyer and mortgage professional to confirm the transaction costs and financing details for the home you are considering. A rebate figure is useful only when its conditions apply to your purchase.

Separate what exists from what is proposed

You can inspect an existing kitchen, view and backyard in person. A rendering or model home illustrates a concept and may include upgrades. Ask for the actual specifications, site plan and selected lot or unit. For both options, check the address against your commute and daily stops rather than assuming every home in the same city offers the same convenience.

Build a shortlist with two or three strong options

Choose one must-have, one flexible preference and your biggest uncertainty for each home. For example: a usable terrace is essential, a fourth bedroom is flexible, and the closing date needs confirmation. Our team can compare resale and new construction options together through the Work With Us form.

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