Ontario Land Transfer Tax

If you a purchasing outside of Toronto, you will be responsible for the Ontario Land Transfer Tax when you purchase your home. If you are a first time buyer, this amount will be reduced by maximum of $4000.00 on closing.

Toronto Land Transfer Tax

If you a purchasing inside Toronto, you will be responsible for Toronto’s Municipal Land Transfer Tax as well as the Ontario Land Transfer Tax when you purchase your home. If you are a first time buyer, Toronto’s Municipal Land Transfer Tax will be reduced by a maximum of $3,725.00 and the Ontario Land Transfer Tax will be reduced by maximum of $4000.00 on closing.

Land Transfer Tax Calculator

Mortgage calculator by ratehub.ca

(Real Estate Fees and disbursements quoted above are for residential purchases under $500,000 located in Durham Region. If you are buying outside of Durham Region, additional disbursements may apply. If you are arranging a mortgage, your mortgage company may charge broker fees, Tax on CMHC Fees, charges to deliver mortgage documents, etc. Prices quoted are for standard transaction with one mortgage to be arranged or discharged. Transactions requiring additional registrations or multiple mortgage discharges may result in additional fees or disbursements. Optional digital storage fee in addition to prices quoted – Feel free to contact us for details or more information. Prices are subject to change without notice. We reserve the right to decline reatainers)