New Condo vs Resale in Quebec 2026: Complete Cost Comparison

New condo or resale? In 2026, with rates around 3.69% and new project costs rising due to tariffs, the answer depends on your profile and investment horizon.

New Condo: Advantages and Traps

Advantages: GCR warranty, customization, Novoclimat energy efficiency, partial GST/QST rebate. Traps: price per sq ft 15–25% higher, contingency fund just starting, delivery delays commonly 6–18 months.

Resale: Advantages and Watch Points

Advantages: negotiable price, established syndicate, built-up contingency fund, Seller’s Declarations available, no waiting. Watch points: no new home warranty, aging equipment, sometimes self-managed syndicates.

2026 Verdict by Buyer Profile

First-time buyer: resale in a building under 10 years old. Long-term investor: new construction remains relevant if you budget for taxes, delays and initial special assessments. Key: never compare asking prices without accounting for all real costs.