Why should I buy a new home?

by Reid Boles, Realtor | July 18, 2025

The re-sale market has been booming this year. We are seeing multiple offers driving up costs well past expectations. Inventory is still tight in some areas and it can be frustrating for buyers.

A lot of people are now turning to new home builds, even if they decided against it at the outset of their search. There are some downsides involved with building — longer build times/possession timelines, supply chain concerns, tariff threats, and, in some cases, the dreaded escalation clause, which can add a substantial amount to the contract once the home is completed.

While we have limited control over supply chains and political challenges, we can rein in a few other concerns like escalation clauses and build time. Before closing on a new home contract, you will need to meet with a lawyer to review the contract and make sure you are comfortable with it. Items like home warranties and build time should be clearly laid out. You also want to look at the escalation clauses. If there is one, make sure you are comfortable with it, or that there is a clear number that the escalation could add to the final price.

If you're looking to build, we're proud to represent Discovery Homes — a builder with no escalation clauses.

Walkthroughs of the house should also be included in the contract — at least at the electrical stage — where you can clarify where you want outlets, ethernet ports, and other electrical work. A pre-possession walkthrough will also be mentioned to identify any deficiencies before you take possession. All of this is manageable and will give you peace of mind once the first bucketfuls of soil are dug to start your build.

With the scary part over, here’s why buying new is a good thing!

If you're in the first few phases of a new area — for example, Highland Pointe — the costs will likely never be lower. The same house with the same inclusions can sometimes be $30,000 less than in a more established area, like Prairie Pointe. Yes, you’ll deal with the dirt and noise of ongoing construction, but by the time you take possession, the activity has usually moved on to the next phase — and farther away from your home.

Property values are likely to go up — especially in the time it takes to build a home. In fact, by the time your home is completed, the base price has often already increased. From land costs to building expenses, we’re seeing multiple price hikes each year.

As the neighbourhood grows, so will property values, with resale prices setting the new market standard — not the original builder cost.

Plus, you’ll move into a home that you designed, with finishes you personally chose — and there’s nothing better than getting exactly what you want.

Reach out to me with any questions — I’m happy to help answer any questions about building new homes.