It’s your turn to become a homeowner!
Becoming a homeowner is an important milestone. It’s an exciting project, but it can also feel complex, especially when it comes to understanding financing options, available programs, and the various costs associated with purchasing a home.
To help make things clearer, we’ve gathered the key measures that can make buying your first home at Laurea more accessible. Explore the programs available, better understand their benefits, and quickly access official resources to check your eligibility.
Financial benefits worth knowing about
GST Rebate
Eligible first-time homebuyers can receive a full GST rebate on a new home valued at up to $1 million, representing savings of up to $50,000.
The rebate gradually decreases for properties valued between $1 million and $1.5 million.
Welcome Tax Rebate
Eligible first-time homebuyers can receive a refundable tax credit covering up to $5,875 of the land transfer tax paid when purchasing a home.
The amount varies depending on factors such as the property’s value and can be claimed on your tax return or, under certain conditions, received as an advance payment.
30-Year Mortgage Amortization
An insured mortgage amortized over 30 years can help reduce monthly payments, making homeownership more accessible.
This option is available, among others, to first-time homebuyers and those purchasing a new home, subject to eligibility requirements.
SCHL Eco Plus
Purchasing an eligible new energy-efficient home may qualify buyers for a rebate of 25% of the CMHC mortgage loan insurance premium.
As Laurea is pursuing LEED+ certification, buyers may be eligible for this program, subject to the applicable criteria.
Plan your first home purchase
Our team is here to present the available units, answer your questions about the project and help you choose a property that meets your needs. Programs, amounts and eligibility requirements may vary. The information provided is for reference only. Please consult a lender, mortgage broker or qualified professional to assess your situation.
Frequently Asked Questions
What is the project’s expected completion date?
December 2028
Who are the developers?
Groupe HD immobilier
Who is the general contractor?
Construction Praxis
How many units are there?
253 units
What types of units are available?
Studios, 1-bedroom, 2-bedroom, and 3-bedroom units, as well as townhomes.
What are the prices?
- Studio: starting at $288,300
- 1-bedroom: starting at $362,700
- 2-bedroom: starting at $458,300
- 3-bedroom: starting at $710,900
- Townhome: starting at $707,700
What is the deposit structure and payment schedule?
- 10% — Owner-occupant: 5% upon signing and 5% during construction
- 20% — Investor: 10% upon signing and 10% during construction
How much does parking cost?
$55,000 + taxes
Available with the purchase of a 2-bedroom, 3-bedroom, or townhome.
How much does a storage locker cost?
$6,000 + taxes
How much does an EV charging infrastructure cost?
$500 + taxes
What are the condo fees?
Approximately $0.42/sq. ft.
What are the condo fees for parking spaces?
$47 per month
What is the estimated property and school tax rate?
- Municipal tax: $0.4631 per $100 of assessed value
- School tax: $0.08423 per $100 of assessed value
What common areas and amenities will be available?
- Coworking space
- Rooftop pool
- Fitness room
- Panoramic terrace
- Multifunctional common room
- Lounge areas
- Children’s play area
- Inner courtyard
Will there be a bicycle storage area?
Yes. Bicycle storage will be located on Level B1, with a dedicated bike repair station also available.
Are BBQs allowed on balconies?
Yes.
Are pets allowed?
Yes, domestic pets are permitted.
Can we choose our own notary?
No. The designated notary is Cain Lamarre.
Can we choose our own bank for financing?
Yes. We work with all major banks, which offer competitive financing options for our buyers.
Is the purchase covered by a warranty plan?
Yes. Details to be confirmed.
Can we choose our own finishes?
Yes. Buyers can choose from three finish packages selected by our design team.
What are the ceiling heights?
Ceiling heights range from 8.6 ft to 10.2 ft:
- 8.6 ft on floors 1, 2, 3, 4, 5 and 7
- 10.2 ft on the 6th floor
Are the ceilings exposed concrete?
Yes.
What type of air conditioning system is used?
A wall-mounted air conditioning system.