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The Precon Market
Updated

New homes in King Township

Freehold detached homes, townhomes and semis

New freehold low-rise in King Township currently runs roughly $1,275,000 to $3,295,000 across detached homes, townhomes and semis. Supply is thin. Active builders include Treasure Hill Homes, Fernbrook Homes, Zancor Homes. The Ontario HST rebate window closes March 31, 2027 on the signing date.

What’s being built in King Township

King Township is the highest-priced low-rise market in York Region and one of the smallest by volume, a dozen or so active communities, nearly all detached, nearly all estate product. The greenbelt constrains supply permanently, which is a large part of why pricing holds.

Communities that have launched or are actively selling here include:

  • Eversley Estates (Treasure Hill)
  • King’s Calling (Fernbrook/Zancor)
  • Triple Crown Estates (Greenpark)
  • Iris by Acorn
  • Fifth Avenue Homes – King City

Availability changes week to week and the best lots in any phase go early, register for access and I’ll send what’s releasing here.

Builders active in King Township: Treasure Hill Homes, Fernbrook Homes, Zancor Homes, Greenpark Group, Acorn Developments, Fifth Avenue Homes.

Builder choice matters more than most buyers expect. Delivery record, reliability on closing dates and how warranty items get handled vary enormously and appear on no price list. How to assess a builder.

What the rebates are worth at local prices

New low-rise here currently runs roughly $1,275,000 to $3,295,000, and that band decides your rebate position. Here is the arithmetic at both ends.

At $1,275,000 At $3,295,000
Ontario ENHR (no first-time buyer test) $80,000 $0
Federal rebate (first-time buyers only) $22,500 $0

At the top end, $3,295,000 is at or above $1,500,000, where the federal first-time buyer rebate is zero. Watch this carefully: lot premiums and upgrades count toward your price, so a base price just under the line can cross it at the décor appointment and cost more than the upgrades were worth. The price cliffs.

Above $1,850,000 the enhanced Ontario rebate disappears entirely and you fall back to the long-standing $24,000 standard rebate. Estate product here crosses that line.

If you have owned a home before, note that the Ontario rebate still applies to you, it has no first-time buyer test, and move-up buyers routinely assume otherwise and claim nothing. Read this one.

These are illustrative maximums at the ends of the local range, not a quote. Run your own numbers.

Land transfer tax

King Township is outside the City of Toronto, so you pay Ontario land transfer tax only, with no second municipal tax. Rates and the first-time buyer refund.

Getting around

Barrie GO line through King City, Highway 400 to the west, and Highway 9 across the top.

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