Is Balmoral Estates freehold or condo?

Balmoral Estates is freehold, so buyers own the land and the building outright. There is no condominium corporation and no standard monthly fee.

Who is building Balmoral Estates?

Balmoral Estates is being built by Lormel Homes in Pine Valley, Vaughan.

How much do homes at Balmoral Estates cost?

Listed prices run $1,789,990 to $2,154,990 across 22 floor plans covering 3,530 to 4,379 sq ft. Lot premiums, elevation upgrades and optional layouts are quoted separately.

What is the deposit structure at Balmoral Estates?

The published schedule is: $50,000 on signing; $50,000 at 60, 90, 120 and 150 days; $250,000 total. Terms are set by the builder and change between phases.

Does Balmoral Estates qualify for the Ontario HST rebate?

Balmoral Estates can qualify. The Ontario Enhanced New Housing Rebate covers agreements signed between April 1, 2026 and March 31, 2027, pays up to $80,000 of the provincial HST and has no first-time buyer test. At $1,789,990 the Ontario rebate is worth about $33,601, and a first- time buyer could add roughly $0 federally. The home must be the primary residence of the buyer or a relation, and CRA determines eligibility.

When is occupancy at Balmoral Estates?

Occupancy is listed for Spring 2028. Builder dates are tentative and commonly move; the binding dates are in your agreement and the Tarion addendum.

Pine Valley, Vaughan

Balmoral Estates

Lormel Homes

Balmoral Estates is a detached community by Lormel Homes at Pine Valley Drive & Teston Road in Pine Valley, Vaughan. Freehold homes from 3,530 to 4,379 sq ft priced $1,789,990 to $2,154,990 across 22 floor plans. Launched October 21st, 2026.

41 and 47 foot detached homes, Phase 1
3,530 to 4,379 sq ft, the largest on this site
10 ft main floor and 9 ft second floor ceilings
Engineered hardwood, 20 pot lights, central vacuum, EV rough-in
All 22 plans currently available

Two caps here are worth more than the $30,000 design credit sitting beside them: development charges capped at $3,000 and closing costs capped at $7,500. On a Spring 2028 closing an uncapped levy clause is genuinely open-ended, so a cap at that level is unusually buyer-friendly.

Note the deposit, though. $250,000 across 150 days is among the heaviest and fastest schedules on this site, and well beyond Tarion’s $100,000 freehold protection ceiling.

Pricing and your rebate position

Listed prices run $1,789,990 to $2,154,990 across 22 floor plans. Assuming you qualify, here is what the current programs are worth at each end:

	At $1,789,990	At $2,154,990
Ontario ENHR (no first-time buyer test)	$33,601	$0
Federal rebate (first-time buyers only)	$0	$0

Confirm with the builder whether the advertised prices are quoted net of the HST rebate. Where they are, a buyer who does not qualify is billed the difference at closing. How this works.

The top of this range, $2,154,990, is at or above $1,500,000, where the federal first-time buyer rebate falls to zero. Lot premiums and upgrades count toward your price. The price cliffs.

Location

Balmoral Estates is at Pine Valley Drive & Teston Road in Pine Valley, Vaughan.

Deposit structure

$50,000 on signing
$50,000 at 60, 90, 120 and 150 days
$250,000 total

Set by the builder and subject to change. Tarion protects a freehold deposit up to $100,000. How that works

Current incentives

$30,000 design studio credit
Luxury appliance package
Development charges capped at $3,000
Closing costs capped at $7,500 (municipal charges and Tarion excluded)
Assignment permitted for a $10,000 fee

Incentives are withdrawn and changed without notice, and must be written into an amendment to be binding.

Registered buyers

What I can send you on Balmoral Estates

Everything above is on this page for anyone to read, and it stays that way. What follows is the builder's own material, which is released to registered buyers rather than published:

All 22 floor plans, 3,530 to 4,379 sq ft, with room dimensions
The lot-by-lot price list, including the premiums that are not in the starting price
Which 41, 47 ft lots are actually still available
Release dates as the builder confirms them
Registering commits you to nothing. You get the material and a straight read on it.