New government housing incentives are making now an exceptional time to buy a new home in Hamilton.
For eligible purchasers at Harmony on Twenty, recently announced federal, provincial and City of Hamilton housing initiatives could create significant savings on a new detached home or townhome.
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Whether you’re looking for a spacious detached home or a contemporary townhome, these new measures could make owning a brand-new DeSozio home more attainable than you thought.
Ontario and the federal government have introduced enhanced HST relief for eligible purchasers of newly built homes.
For qualifying homes valued at $1 million or less, eligible purchasers can receive relief equivalent to the full 13% HST, up to a maximum of $130,000.
For eligible homes priced above $1 million and up to $1.5 million, the maximum available HST relief remains $130,000.
For homes priced above $1.5 million and below $1.85 million, the enhanced relief gradually decreases.
The enhanced program generally requires the Agreement of Purchase and Sale to be entered into between:
The home must generally become the purchaser’s or a qualifying relation’s primary residence, and additional program eligibility and construction-timing requirements apply.
The City of Hamilton has committed to eliminating qualifying municipal development charges on new residential development for a three-year period.
Government estimates indicate potential development-charge savings of:
The program is intended to apply from:
Development charges are normally costs associated with creating new housing. By eliminating these charges, Hamilton is reducing a significant cost of new-home development, with the savings intended to help lower the cost of new homes for buyers.
Actual savings vary by home type and applicable municipal charges.
Harmony on Twenty brings together something increasingly difficult to find in Hamilton:
A brand-new home. More space. A thoughtfully planned community. And potentially extraordinary savings.
Located near Twenty Road and Silverbirch Boulevard, Harmony on Twenty features a collection of new detached homes and townhomes designed for modern Hamilton families.
Enjoy more room to grow, contemporary home designs and a quieter setting while remaining connected to the shopping, recreation, amenities and major transportation routes Hamilton families rely on.
And because Harmony is a brand-new community, eligible purchasers may be able to benefit from government incentives that simply aren’t available when purchasing many resale homes.