Springwater Phase 4

Springwater Phase 4 is Mattamy Homes’s freehold townhome release at 3217 Elgin Mills Road East in Rural Markham, Markham, priced from $899,106 to $1,025,990 across 8 floor plans.

Worth noting the levy cap in the current incentives. On a closing years out an uncapped development charge clause is open-ended, so a cap is usually worth more than the décor credit sitting next to it.

Free assignment is included, which is the exit most buyers never think to negotiate and cannot get later.

There is a POTL or common-element fee of $250 per month. Where an incentive waives it, that is a waiver rather than a removal, so budget it from the year it starts.

At the entry end, $899,106 sits below $1,000,000, which is the full 8% Ontario rebate band and the most favourable position in the structure.

Pricing and your rebate position

Listed prices run $899,106 to $1,025,990 across 8 floor plans. Assuming you qualify, here is what the current programs are worth at each end:

	At $899,106	At $1,025,990
Ontario ENHR (no first-time buyer test)	$71,928	$80,000
Federal rebate (first-time buyers only)	$44,955	$47,401

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

Springwater Phase 4 is at 3217 Elgin Mills Road East in Rural Markham, Markham.