New homes in Orillia

What’s being built in Orillia

Orillia has limited new low-rise supply and the product that exists is modest townhomes in the $490,000 to $590,000 range, comfortably inside the full rebate band. Between Lake Simcoe and Lake Couchiching, the market has a recreational component.

Communities that have launched or are actively selling here include:

• Matchedash Mews Towns (Oakleigh)

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 Orillia: Oakleigh, Kingsmen Group.

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 $489,000 to $590,000, and that band decides your rebate position. Here is the arithmetic at both ends.

	At $489,000	At $590,000
Ontario ENHR (no first-time buyer test)	$39,120	$47,200
Federal rebate (first-time buyers only)	$24,450	$29,500

At the entry end, a home at $489,000 sits below $1,000,000, which means the full 8% Ontario rebate, $39,120, plus the full 5% federal rebate for a first-time buyer. This is the most favourable band in the whole structure.

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

Orillia 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

Highway 11 to the 400, well beyond practical daily commuting range to Toronto.