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Why buy New construction homes in Thorold?
There are hundreds of new single Detached homes, townhomes and semi-detached homes available for sale in Thorold. Prices could range from $500,000 to $1.5M depending on what you plan to buy. If you are a first time home buyer with a small family looking for smaller space, townhomes are an ideal start to build your equity and investment.
The reputed builders such as Empire ( Empire legacy & Calderwood Project) have already sold close to 1,600 homes to date at their Imagine community in Niagara Falls and Legacy community in Thorold. According to Empire, " Since we began building in the area in 2014, we’ve seen its rapid growth and development first-hand as many new residents have come to the region to raise their families, launch their businesses and pursue education. "
How is it like living in Thorold?
Thorold, Ontario is a community rich in history! The community is home to approximately 22,000 residents and has been recognized for the best weather in Ontario. Thorold has been the recipient of the Prince of Wales Prize for Municipal Heritage, awarded by the National Trust of Canada, one of the most prestigious awards a municipality can receive when it comes to Heritage. Thorold is located centrally in the Niagara Region, Thorold is known for the Welland Canal's twinned flight locks, where ships climb the mountain. Each year, these three (3) locks attract thousands of tourists to the city.
Residents of Thorold enjoy a number of pristine parks including, the Battle of Beaverdams Park, DeCew House Heritage Park and the First Nations Peace Monument. When you are in our area, be sure to visit the Lock 7 Viewing Centre, climb aboard the Port Robinson Ferry, take a walk in our historic downtown and shop locally in our shopping district.
Thorold is the perfect place to live, work and play.
The small city of Thorold, Ontario sprang up around the construction of the first Welland Canal, and the current (fourth) canal still runs right through the heart of the community, drawing thousands of tourists annually. Immediately adjacent to St. Catharines, Thorold begins at St. David’s Road near Brock University and is bounded by Thorold Townline, Chippawa Creek, and Pelham Street.
Is Thorold a good place to live?
As per the City of Thorold, Thorold is working to become a fully accessible community by 2025. The Township is dedicated to removing existing barriers and preventing new barriers that could potentially prohibit/prevent any individual from participating in community life.
The Province of Ontario has developed accessibility standards for all private, public, voluntary and not-for-profit organisations. To review the legislation and information about the standards, please visit one of the following sites:
Torontonians are quickly realising there’s something to be said for the simple life outside The Big Smoke. Affordable homes, spacious yards and friendly neighbours who’ll loan you a couple of eggs in the morning all make for ideal family-raising criteria, and as the relatively bustling metropolis of Hamilton or the quaint township of Prince Edward County are proving, idyllic small-town life doesn’t have to come at the expense of cute boutiques, quality coffee or trendy restaurants.
Why are more and more people moving to Thorold?
Thorold, a beautiful city tucked away in the Niagara region in between St. Catharines and Welland, is the latest destination for fed-up city folk on the hunt for a more enjoyable, stress-free lifestyle. Just about an hour-and-a-half west of Toronto, the 22,000-strong community has a culturally rich city centre and quaint residential neighbourhoods that feel nothing like the urban sprawl of Vaughan.
The area is steeped in history, with regular festivals, a lively dining scene (the Karma Kameleon is a community favourite) and sought-after schools like Brock University basically across the street from Thorold City Hall. Plus, oenophiles will love that some of the province’s best vineyards, like Peller Estates and Inniskillin Wine, are nearby at Niagara-on-the-Lake—making day-long wine-tasting trips a breeze.
Every new home and condo build must enroll in the program. Because of this, all new homes built by a Tarion builder have coverage under the warranty program. The program gives a purchaser the peace of mind that they could never get when buying a resale property.
One-Year Warranty requires the home be fit for habitation and protects against building code violations. A one year warranty also protects consumers against the unauthorized substitution of items of construction or finishings that are referred to or selected by the purchaser, in the purchase agreement.
Two-Year Warranty protects against such things like water penetration issues and material defects, and all issues relating to exterior cladding.
Seven-Year Warranty covers any and all issues relating to structural defects.
For all the purchase agreement or construction contracts signed on or after February 2, 2021 :
The maximum statutory warranty coverage available for freehold homes and condominium units is $300,000.
The maximum coverage for condominium common elements is $100,000 multiplied by the number of units, up to a maximum of $3.5 million.
The maximum combined coverage for a condominium project (units and common elements) is $50 million.
There is a maximum of $50,000 for warranted damage caused by environmentally harmful substances or hazards, including mold, for freehold homes and condominium units.
What is an Ontario Land transfer Tax ?
When you acquire land or a beneficial interest in land, you pay land transfer tax to the province when the transaction closes. Land transfer tax is normally based on the amount paid for the land, in addition to the amount remaining on any mortgage or debt assumed as part of the arrangement to buy the land.
In some cases, land transfer tax is based on the fair market value of the land, such as in the following examples:
the transfer of a lease with a remaining term that can exceed 50 years
the transfer of land from a corporation to one of its shareholders, or
the transfer of land to a corporation, if shares of the corporation are issued.
* First‑time homebuyersIf you are a first‑time home buyer, you may be eligible for a refund of all or part of the land transfer tax.