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📲 Book a free call with me here if you'd like to chat about buying, selling, or anything real estate related: https://calendly.com/hasanjuma/30min 📘 Access my FREE guide on my Top 10 Red Flags & Dealbreakers When Buying A Condo here: https://l1nk.dev/h4CCG Buying a brand new condo or townhome vs. buying a resale property - which is the better one to buy? Recently, there have been several new buildings having deficiency issues, many of them major including severe flooding and shattering windows. Are the benefits of the 2-5-10 warranty provided on brand new properties still worth the higher purchase prices? In this week's video, I answer the above, as well as when I believe is the best time to buy into a building from a cost & benefit perspective. Finally, at the end of the video, we talk about the Federal Government possibly removing GST on purpose built rentals, to incentivize developers to build. Here are the time stamps for this video: 00:00 - Introduction 01:34 - 2-5-10 New Home Warranty 03:20 - Warranty Claim issues 06:54 - Benefits of a New Condo or Townhome 07:55 - What is the Best Age of Building to Buy 08:39 - Presale Condo Risks 09:10 - Lower Repair Costs With a Newer Building 11:15 - Federal Government & Purpose Built Rentals 12:24 - Removing GST on Purpose Built Rentals 13:45 - Purpose Built Rental Risks for the Developer 15:44 - Rentals in Vancouver vs. Toronto 17:12 - Conclusion If you'd like detailed market statistics for your neighbourhood, reach out to me and I can send you a copy of the "advanced" stats - with breakdowns of each neighbourhood, price band, and sales trends. SUBSCRIBE to this channel if you enjoy videos like these so you don't miss a future video, and reach out to me directly if there are any questions you have or any answers you need when it comes to your own real estate situation. Also, don't forget to hit the "Like" button if you learned something from the video as well. ▶️ SUBSCRIBE TO THE CHANNEL HERE: / @vancouver.realestate #realestatemarket #vancouverrealestate #hasanjuma Looking to buy or sell real estate in Vancouver, Burnaby, New West, or its surrounding areas? Connect with me through any of the channels below :) ▶️ Connect with me: 📲 Text / Call: 604-787-5656 📲 Email: [email protected] 📲 Instagram: / hasanjuma 📲 TikTok: https://www.tiktok.com/@hasanjuma?_t=... 📲 Twitter: / hasanjuma 📲 LinkedIn: / hasanjuma 📲 My Website: http://www.jumarealty.com 🎙The House Hustle Podcast with Hasan: https://open.spotify.com/show/6dW7ApV... VIDEO RESOURCES: 🔹 Costs To Buy A Home in Vancouver, BC: • 🏠 Costs To Buy A House In Vancouver, BC 🔹 How To Review Strata Documents: • How To Read Strata Documents: What To Look... 🔹 Soaring Strata Insurance Costs - Explained: • 🚀 Soaring Strata Insurance Costs - How To... 🔹 Top 5 Places to Live In Vancouver, East BC: • TOP 5 BEST Neighbourhoods To Live In Vanco... 🔹 Top 5 Places to Live In Burnaby, BC: • TOP 5 BEST Neighbourhoods To Live In Burna... 🔹 Top 5 Places To Live In Surrey, BC: • Top 5 Places To Live In Surrey, BC 🔸 Download my Mortgage App and find out for yourself, how much you can afford: https://cma.me/hasan-juma ABOUT ME: I am a real estate agent in Vancouver BC, licensed with Oakwyn Realty Ltd., and am currently working with new clients in Vancouver, Burnaby, New Westminster, Surrey, and other areas of the Lower Mainland of BC. Send me a message if you are looking to move to the area, I've lived in the Vancouver area for over 35 years and know all the ins and outs of the local market! Please Note: The views and thoughts expressed in this video are my own thoughts & opinions, and this video is designed to be educational and insightful in nature. As every person's real estate journey is different, I recommend you connect with your real estate agent and/or mortgage broker of choice to get more specific real estate advice based on your personal situation and goals.