Is Laurel Creek freehold or condo?

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

Who is building Laurel Creek?

Laurel Creek is being built by Mattamy Homes in Conservation Drive, Waterloo.

How much do homes at Laurel Creek cost?

Listed prices run $623,000 to $953,973 across 50 floor plans covering 1,342 to 2,712 sq ft. Lot premiums, elevation upgrades and optional layouts are quoted separately.

What is the deposit structure at Laurel Creek?

The published schedule is: $20,000 on signing; $20,000 at 90 days; $20,000 at 150 days; $20,000 at 240 days. Terms are set by the builder and change between phases.

Does Laurel Creek qualify for the Ontario HST rebate?

Laurel Creek 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 $623,000 the Ontario rebate is worth about $49,840, and a first-time buyer could add roughly $31,150 federally. The home must be the primary residence of the buyer or a relation, and CRA determines eligibility. The advertised prices here are already net of that rebate, so a buyer who does not qualify pays the difference at closing.

Conservation Drive, Waterloo

Laurel Creek

Mattamy Homes

Laurel Creek is a detached, townhome community by Mattamy Homes at 556, 560 & 576 Conservation Drive in Conservation Drive, Waterloo. Freehold homes from 1,342 to 2,712 sq ft priced $623,000 to $953,973 across 50 floor plans. Launched September 27th, 2026.

Freehold townhomes and detached with single and double garages
50 plans, the deepest selection on this site outside the GTA
1,342 to 2,712 sq ft
Phase 1 plan shows natural heritage areas, a park and a proposed school
Every plan priced below $1,000,000

Fifty plans, and every one of them is under $1,000,000. That puts the entire community in the best rebate band there is: the full 8% Ontario rebate with no first-time buyer test, plus the full federal 5% for first-time buyers. At $953,973 that is roughly $76,300 provincially and $47,700 federally.

The deposit schedule is genuinely generous, $20,000 on signing then three more at 90, 150 and 240 days, which spreads $80,000 across eight months.

Two cautions. Prices are Mattamy’s “Price After Rebate” figures, so they assume you qualify. And the park and proposed school on the Phase 1 plan are subject to approvals, which is the standard language and should be read as standard language: amenities on a site plan are an intention, not a commitment. What a site plan does and does not promise.

Status is Launching Soon, so this is a register-now, pick-later situation.

Pricing and your rebate position

Listed prices run $623,000 to $953,973 across 50 floor plans. Assuming you qualify, here is what the current programs are worth at each end:

	At $623,000	At $953,973
Ontario ENHR (no first-time buyer test)	$49,840	$76,317
Federal rebate (first-time buyers only)	$31,150	$47,698

Read the price list carefully. The advertised prices are stated net of the enhanced HST rebate, meaning they assume you qualify and assign the rebate to the vendor at closing. If you do not qualify, or the rebate is reduced, you are responsible for the difference at closing in certified funds. How net-of-rebate pricing works.

Location

Laurel Creek is at 556, 560 & 576 Conservation Drive in Conservation Drive, Waterloo.

Deposit structure

$20,000 on signing
$20,000 at 90 days
$20,000 at 150 days
$20,000 at 240 days

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

Registered buyers

What I can send you on Laurel Creek

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 50 floor plans, 1,342 to 2,712 sq ft, with room dimensions
The lot-by-lot price list, including the premiums that are not in the starting price
Release dates as the builder confirms them
Registering commits you to nothing. You get the material and a straight read on it.

Laurel Creek, common questions

Is Laurel Creek freehold or condo?: Laurel Creek is freehold, so buyers own the land and the building outright. There is no condominium corporation and no standard monthly fee.
Who is building Laurel Creek?: Laurel Creek is being built by Mattamy Homes in Conservation Drive, Waterloo.
How much do homes at Laurel Creek cost?: Listed prices run $623,000 to $953,973 across 50 floor plans covering 1,342 to 2,712 sq ft. Lot premiums, elevation upgrades and optional layouts are quoted separately.
What is the deposit structure at Laurel Creek?: The published schedule is: $20,000 on signing; $20,000 at 90 days; $20,000 at 150 days; $20,000 at 240 days. Terms are set by the builder and change between phases.
Does Laurel Creek qualify for the Ontario HST rebate?: Laurel Creek 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 $623,000 the Ontario rebate is worth about $49,840, and a first-time buyer could add roughly $31,150 federally. The home must be the primary residence of the buyer or a relation, and CRA determines eligibility. The advertised prices here are already net of that rebate, so a buyer who does not qualify pays the difference at closing.
Where is Laurel Creek located?: Laurel Creek is at 556, 560 & 576 Conservation Drive in Conservation Drive, Waterloo, Ontario.

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