Guide · Buyers & sellers
Ontario Real Estate Costs
Land transfer tax brackets for Ontario and the City of Toronto, first-time buyer refunds, and the other costs that arrive at closing, with an estimator.
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Ontario land transfer tax
Ontario charges land transfer tax when you buy land or an interest in land, including a home. The tax is calculated in brackets on the value of the consideration. The rates below are for a property with one or two single-family residences.
Toronto municipal land transfer tax
A purchase within the City of Toronto also attracts the City's Municipal Land Transfer Tax. Its brackets match Ontario's up to $2 million, and higher rates apply above $3 million for purchases on or after April 1, 2026.
Estimated land transfer tax
$13,475
- Ontario land transfer tax
- $13,475
An estimate from published brackets, checked on 30 October 2026. Eligibility for refunds and rebates has conditions, and your lawyer calculates the actual tax at closing. Not legal, tax or financial advice.
Other closing costs
- Legal fees and disbursements, including title searches and registration.
- Title insurance.
- Adjustments for property tax, utilities or condominium fees the seller has prepaid.
- Provincial sales tax on any mortgage default insurance premium, payable at closing.
- Home inspection and, if your lender requires it, an appraisal.
- Moving costs and any immediate repairs.
Buyers who are not Canadian citizens or permanent residents may face the Non-Resident Speculation Tax and federal restrictions on buying residential property. Check the current rules before making an offer.
Ongoing costs of owning
- Property tax, based on the MPAC assessment and your municipality's tax rate.
- Home or condominium unit insurance.
- Utilities.
- Condominium common expense fees, where applicable.
- Maintenance and a reserve for major replacements.
- Toronto owners must also file an annual Vacant Home Tax declaration.
Estimated monthly payment
$3,764
- Down payment
- $170,000 (20.0%)
- Minimum down payment
- $60,000
- Mortgage amount
- $680,000
- Interest over 25 years at this rate
- $449,085
An estimate, not a quote or approval. It assumes a fixed rate for the whole amortization, compounded semi-annually, and excludes provincial sales tax on the insurance premium (payable at closing in Ontario), property tax, condominium fees and closing costs. Rules checked 31 October 2026 with the Financial Consumer Agency of Canada and CMHC. Not financial advice; speak with a licensed mortgage professional.
- Ontario: Land transfer tax
- City of Toronto: Municipal Land Transfer Tax
- Ontario: Non-Resident Speculation Tax
- Government of Canada: Prohibition on the Purchase of Residential Property by Non-Canadians
- Financial Consumer Agency of Canada: How much you need for a down payment
- MPAC: Property assessment
- Law Society of Ontario: Find a lawyer or paralegal
This information is general and educational. It is not legal, tax, accounting or investment advice, and rules change. Confirm requirements with the relevant authority or a qualified professional before acting.
