Thompson Landing on Royal: Why Buying New is the Smart Choice

Buying a home is a major decision that has a significant impact on our sense of well-being and security; however, buying a condo in the brand-new development at Thompson Landing on Royal offers many advantages that can provide the clarity needed to simplify the decision-making process, especially for those seeking modern living spaces or long-term investments.

Thompson Landing on Royal offers unique advantages by combining community and convenience with riverside views, providing potential buyers with the thrill of being the first person to personalize the space and create their home from scratch without working around someone else's design choices. Your condo is move-in ready and a fresh, unlived-in space featuring contemporary lighting, layout, appliances and finishes. There is no need to worry about the wear and tear from previous owners, outdated interiors, or unaddressed problems.

New construction also features modern amenities. At Thompson Landing, these include bicycle parking/scooter storage, a communal amenity space that may be rented or used as recreational space to serve families' comprehensive needs, and covered parking.

Another benefit of buying new is the 2-5-10 Year Home Warranty Insurance, one of Canada's strongest construction defect insurance coverages. The warranty covers labour and materials for 15 months, 5 years on the building envelope, including water penetration and 10 years on the structure. Re-sale does not impact the warranty as it is attached to the home, not the owner, and therefore remains in effect until the coverage expires.

Warranties provide invaluable peace of mind for homeowners. However, when purchasing a new build, the benefits go beyond just the assurance of a warranty. Investing in a new home means significantly lower maintenance and repair costs, allowing you to enjoy your space without the constant concern of unexpected issues. This means you can relish your new home without the hassle of dealing with inconvenient repairs that often plague older properties. Buying new secures your investment and grants you the freedom to focus on making memories in your new space rather than worrying about potential pitfalls.

An additional key benefit of new constructions is that they are built to modern standards, which results in fewer problems related to plumbing and electrical systems. Buying new also guarantees that your home has been constructed with the most updated building codes, ensuring your safety and security.  At Thompson Landing on Royal, this translates to improved fire safety systems, structural integrity and energy efficiency, minimizing the development's carbon footprint. High-efficiency heating and cooling systems replace expensive baseboard heating that dominates older condos. These updates, paired with superior insulation and energy-efficient windows, can help you reduce your utility bills.

Buying new also represents a significant investment in your future due to the appreciation potential. The North Shore is an up-and-coming neighbourhood undergoing rapid development. New condos often start at a higher value, and as the area becomes more established, the value of your unit could rise.

If you dream of owning your first home, multiple Federal and Provincial programs offer financial incentives with the potential for additional initiatives to enter the market soon. The Government of Canada offers programs, such as the First-Time Home Buyer Exemption, GST Rebate, and Home Buyers' Plan, to assist buyers entering the market. At the same time, British Columbia offers a First time home buyers' program. Notably, interest rates are also falling. The Bank of Canada's most recent announcement on March 12th, 2025, was a 25-basis point decrease in its lending rate.

Meanwhile, for those who qualify, there may be more advantageous mortgage payment options, such as the 30-year amortization for new construction, which can mean lower monthly payments and down payment requirements. Additionally, the Province offers a boost with the  Newly built home exemption, which reduces or eliminates the property transfer tax on eligible purchases of a principal residence.

Looking for another excellent reason to invest in one of the top-selling suites on the Kamloops market? Until June 30th, qualified buyers can receive a discount of $2150 off the purchase price, along with a matching $2,150 Gift Card to City Furniture on completion. Don’t miss this limited-time opportunity to secure your new home at Thompson Landing on Royal, where modern amenities, stunning riverfront views, and strong market potential come together.

Contact Brendan Shaw Real Estate today to learn more and see if you qualify. Some conditions apply.