The Tricar Group is giving qualified first-time home buyers a head start — guaranteeing the amount of the government housing rebates now, before official approval, plus reduced deposits, move-in-ready suites, and large, liveable, high-quality suites with pricing that cannot be beat.
Home ownership at Tricar’s Gordon Square III Condominiums in south Guelph is now more attainable for first-time buyers. With a flat $20,000 deposit, significant savings based on government tax rebates, seven model suites to explore, and move-in-ready homes available, the development offers a rare opportunity to enter the market with confidence and ease.
In response to the federal government’s proposed Bill C-4 – which aims to eliminate the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million, as well as Provincial government tax reductions — Tricar has gone a step further. They’re guaranteeing the amount of these government tax breaks for first-time buyers, rather than waiting for legislation to pass.
The Tricar Difference
“We’re guaranteeing the amount of the government tax savings for first-time home buyers for a limited time,” says Tricar President Adam Carapella. “Buyers can purchase and move in today with confidence without having to wait for the official approval of the future rebates. We want to make things as easy as possible for all of our homeowners, and this is just another example of the Tricar Difference.”
This means substantial savings for first time home buyers: for example, a one-bedroom priced at $540,000 would see a reduction of just over $40,000 with a net price of $499,000 and a premium two-bedroom plus den priced at $984,000 would see savings of over $90,000 with a net price of $892,000.
To qualify, buyers must:
• Be at least 18 years old
• Be a Canadian citizen or permanent resident of Canada
• Not have owned or lived in a residential property whether in or outside Canada that they have owned or that their spouse or common-law partner owned in the calendar year or in the four preceding calendar years.
• Must be the primary resident and first occupier of the home
Combined with the reduced deposit program, these incentives make owning a home easier than ever for first-time home buyers. In addition to these savings, Tricar’s condominium homes are both designed and priced for end users.
“Our condominium homes are designed to be lived in,” says Craig Taylor, Tricar’s VP of Design & Marketing. “We take great pride in being able to offer our homeowners suites that are up to twice as large and half as expensive as compared to most of the other offerings in the marketplace. They’re spacious, high-quality, and built without compromise. Most of our purchasers are retirees and established professionals, but we do see demand from younger professionals who have been busy building their careers and now want to build equity in a home as a first-time home buyer.”
With nearly 40 years in the industry, the London- and Guelph-based builder continues to earn Tarion’s top honours, including High-Rise Builder of the Year and Top Performer awards for exceptional customer service.
Pricing
Pricing for Gordon Square III is competitive and accessible. One-bedroom suites start in the $400s (approximately 760 sq. ft.), and two-bedroom suites begin in the $500s (approximately 1,145 sq. ft.). The deposit structure is equally appealing, requiring only $20,000 down for first-time home buyers — far less than the industry standard 20% deposit, which would typically mean $100,000 on a $500,000 condominium.
“Buying your first home can be stressful,” says Nick FitzGibbon, Guelph Realtor and Gordon Square III sales representative. “Tricar has made the process simple — transparent pricing, model suites you can walk through, and guaranteed savings. It’s a great option for first-time buyers and we invite you to come in and see a sales representative for program information.”
Located in Guelph’s amenity-rich south end, Gordon Square III is an 8-storey mid-rise featuring 181 spacious suites and premium amenities, including a fitness room, golf simulator, guest suite, library, and luxury lounge. The surrounding neighbourhood offers trails, parks, restaurants, and easy access to Highways 6 and 401.
Tricar’s commitment to thoughtful design, flexible purchase programs, and long-term quality continues to set a new standard for condominium living in Guelph.
Visit Gordon Square III at 1882 Gordon Street in Guelph or go to tricar.com.
The sales team will be happy to give you a tour of the building and model suites and is there Wednesday-Thursday from 3pm-6pm and Saturday from 12pm-4pm. You can also schedule a private appointment at your convenience. Contact Nick FitzGibbon at 519-830-4823 or at gordon3sales@tricar.com.
- Gordon3sales@tricar.com
- 519-830-4823
- Tricar.com/gordon3


