Network virtualization allows for an abstraction between user and physical resources by letting a given physical infrastructure to be shared by multiple service providers. However, network virtualization presents some challenges, such as, efficient resource management, fast provisioning and scalability. By separating a network’s control logic from the underlying routers and switches, software defined networking (SDN) promises an unprecedented simplification in network programmability, management and innovation by service providers, and hence, its control model presents itself as a candidate solution to the challenges in network virtualization. In this paper, we use the SDN control plane to efficiently manage resources in virtualized networks by dynamically adjusting the virtual network (VN) to substrate network (SN) mappings based on network status. We extend an SDN controller to monitor the resource utilisation of VNs, as well as the average loading of SN links and switches, and use this information to proactively add or remove flow rules from the switches. Simulations show that, compared with three state-of-art approaches, our proposal improves the VN acceptance ratio by about 40% and reduces VN resource costs by over 10%.