Mortgages in Allandale
A neighbourhood south of downtown near the waterfront and the Allandale GO station, with older homes and newer infill. Here’s what buying there costs and which rules apply, before you compare lenders with one licensed mortgage professional.
Short answer
Allandale is in Barrie, so Barrie’s tax rates and Ontario’s rules apply. On a $600,000 home you’d need at least $35,000 down and $8,475 in land transfer tax ($4,475 for a first-time buyer).
Buying in Allandale
A neighbourhood south of downtown near the waterfront and the Allandale GO station, with older homes and newer infill.
The GO station and the waterfront are close by, which suits commuters heading to Toronto. Older homes here sit beside newer infill.
What to know about a mortgage in Allandale
If you’re buying new construction in Allandale, plan for builder deposits paid in stages and closing dates that can move. Your mortgage approval needs to be ready, or renewable, for the actual closing date, and the final price can include adjustments you won’t see in the purchase price.
Older homes in Allandale often need updates. A thorough inspection helps you budget, and if you plan to renovate, ask about a purchase-plus-improvements mortgage, which adds the cost of the work to your mortgage up front.
How NorthMerit can help
Tell us what you’re planning and we’ll connect you with one licensed mortgage professional who compares lenders for you. It’s free, and there’s no obligation.
What it costs to buy a $600,000 home in Allandale
| Repeat buyer | First-time buyer | |
|---|---|---|
| Minimum down payment | $35,000 | $35,000 |
| Mortgage insurance (added to the loan) | $22,600 | $22,600 |
| Sales tax on insurance (cash) | $1,808 | $1,808 |
| Ontario land transfer tax | $8,475 | $4,475 |
| Cash at closing | $45,283 | $41,283 |
Example price, not a local average. Minimum down payment and a 25-year amortization; legal fees, title insurance and adjustments are extra.
Barrie rules that apply in Allandale
Additional units are allowed but must be registered with the City before anyone moves in. Source
Lenders can count part of the rent from a legal unit toward your income, and some will use the expected rent when you buy. A unit that isn’t legal or registered where required may not count, and can complicate your insurance.
Sources
We checked these figures against official sources in October 2026. Rules and rates change, so confirm the details with your mortgage professional, lawyer or the source before you rely on them.
Common questions
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What property tax will I pay in Allandale?
Can I add a rental unit to a home in Allandale?
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