New homes in Stoney Creek

What’s being built in Stoney Creek

Stoney Creek is part of the City of Hamilton and splits into two distinct sub-markets, the mountain, where most new freehold low-rise is built, and the waterfront strip along the lake, which is largely condominium. New detached supply is concentrated on the mountain.

Communities that have launched or are actively selling here include:

• Empire Lush Towns (Stoney Creek Mountain)
• Vera Towns (DeSantis, waterfront)

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 Stoney Creek: Empire Communities, DeSantis Homes, Losani 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 $899,000 to $950,000, and that band decides your rebate position. Here is the arithmetic at both ends.

	At $899,000	At $950,000
Ontario ENHR (no first-time buyer test)	$71,920	$76,000
Federal rebate (first-time buyers only)	$44,950	$47,500

At the entry end, a home at $899,000 sits below $1,000,000, which means the full 8% Ontario rebate, $71,920, 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

Stoney Creek 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 Red Hill Valley Parkway, with Confederation GO station on the Lakeshore West line.