Hart Village Phase 2

The price band here, $772,900 to $1,466,900, spans almost the entire rebate structure, and the top of it is worth doing the arithmetic on before you fall for a plan.

At $772,900 you are below $1,000,000: full 8% Ontario rebate and, for a first-time buyer, the full federal 5%. At $1,466,900 the Ontario rebate is flat at $80,000 and the federal first-time buyer rebate has tapered down to roughly $3,300, because it runs to zero at $1,500,000.

So the largest plans sit a few upgrades away from the cliff. Lot premiums and upgrades count toward the purchase price, and a base price of $1,466,900 crosses $1,500,000 with $33,100 of décor choices. The price cliffs.

Note also that 5% is due within 10 days of signing, which on the larger plans is over $70,000 very quickly.

Pricing and your rebate position

Listed prices run $772,900 to $1,466,900 across 15 floor plans. Assuming you qualify, here is what the current programs are worth at each end:

	At $772,900	At $1,466,900
Ontario ENHR (no first-time buyer test)	$61,832	$80,000
Federal rebate (first-time buyers only)	$38,645	$3,310

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.

Location

Hart Village Phase 2 is at 214 Carrington Drive in Hart Village, Guelph.