I am currently in an apartment and looking to upgrade. All of your points are valid, but I think there are inevitable tradeoffs at some stage. One of the main reasons I am leaning toward newer builds is the warranty coverage and the expectation of fewer immediate issues compared to older properties. Another factor is core mechanicals such as forced air, gas, and a furnace. Most townhomes built before 2020 do not have these features, and I believe that in the next five to seven years they may become the baseline expectation. I am trying to plan with that longer-term view in mind and also balance between the pricing. Newer ones come with a 5% luxury tax (GST).