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The Precon Market
Updated

New homes in Niagara Falls

Freehold detached homes, townhomes and semis

New freehold low-rise in Niagara Falls currently runs roughly $482,000 to $1,049,000 across detached homes, townhomes and semis. Supply is moderate. Active builders include Mountainview Building Group, Treasure Hill Homes, Silvergate Homes. The Ontario HST rebate window closes March 31, 2027 on the signing date.

What’s being built in Niagara Falls

Niagara Falls has a reasonable supply of new freehold low-rise at prices well below the GTA, mostly in the $480,000 to $1,050,000 range. The local economy is tourism-weighted, which is worth factoring into any rental assumptions.

Communities that have launched or are actively selling here include:

  • Splendour (Mountainview)
  • Stonerose (Treasure Hill)
  • Legends on the Green Towns (Silvergate)

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 Niagara Falls: Mountainview Building Group, Treasure Hill Homes, Silvergate 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 $482,000 to $1,049,000, and that band decides your rebate position. Here is the arithmetic at both ends.

At $482,000 At $1,049,000
Ontario ENHR (no first-time buyer test) $38,560 $80,000
Federal rebate (first-time buyers only) $24,100 $45,100

At the entry end, a home at $482,000 sits below $1,000,000, which means the full 8% Ontario rebate, $38,560, plus the full 5% federal rebate for a first-time buyer. This is the most favourable band in the whole structure.

The band here straddles $1,000,000, which is where the structure changes: above it the Ontario rebate stops growing and sits flat at $80,000, while the federal rebate begins tapering toward zero at $1,500,000. Two buyers in the same community can be in different places.

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

Niagara Falls 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

QEW and the Niagara GO extension, with the US border crossing a few minutes away.

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