Ontario Land Transfer Tax Calculator — The Blue Mountains
Calculate your Ontario LTT for Grey County purchases. Note: most Blue Mountains purchases are recreational — the FTB rebate rarely applies.
Ontario LTT Calculator
Ontario land transfer tax applies to all property purchases. The First-Time Buyer rebate (up to $4,000) only applies to principal residences — not recreational chalets or investment properties.
Purchase Price
Ontario LTT (gross)
FTB Rebate
Net Land Transfer Tax
Deposit Insurance Comparison
Understanding your coverage is critical when holding large down payments for Blue Mountains luxury properties.
Institution
Insurer
Coverage Limit
Province
KOHO
CDIC (via Peoples Bank)
$100,000 per category
National
EQ Bank
CDIC
$100,000 per category
National
Meridian CU
DICO
Unlimited
Ontario only
TD Bank
CDIC
$100,000 per category
National
RBC
CDIC
$100,000 per category
National
Frequently Asked Questions — Banking in The Blue Mountains
Is there a bank branch actually in The Blue Mountains village or Thornbury?
The Town of The Blue Mountains has very limited in-person banking. Thornbury (in TBM) has a TD branch, and nearby Collingwood (a separate municipality) has full big-bank coverage including RBC, TD, BMO, and Scotiabank. For daily banking, most Blue Mountain resort visitors rely on ATMs at the village. Digital banks like KOHO and EQ Bank are a practical choice for year-round residents and seasonal chalet owners who want full-featured banking without driving to Collingwood.
Can I use the Ontario First-Time Buyer LTT rebate for a Blue Mountains chalet?
Almost certainly not, unless it's your sole principal residence. The Ontario FTB LTT rebate (up to $4,000) only applies to properties that will be your primary home — not vacation properties, investment properties, or short-term rental units. The vast majority of Blue Mountains purchases are either recreational chalets or investment properties intended for Airbnb or VRBO rental. If you are buying your very first home and plan to live there full-time, speak with a real estate lawyer to confirm eligibility before counting on the rebate.
What are the mortgage options for buying a chalet or ski property at Blue Mountain?
Recreational property mortgages work differently than primary residence mortgages. Most lenders require a minimum 20% down payment on recreational properties (no CMHC insurance available). At a $1.2M median price, that means $240,000+ down. Your mortgage options include the big banks (TD, RBC, BMO, Scotia) which all have recreational property programs, credit unions like Meridian, and private lenders for complex situations. Interest rates on recreational properties are often slightly higher than primary residences, and lenders will scrutinize short-term rental income carefully.
How does The Blue Mountains' short-term rental bylaw affect financing and banking?
The Town of The Blue Mountains has been actively regulating short-term rentals (STRs), including requiring STR licences and restricting where Airbnb-style rentals are permitted. Some lenders have become more cautious about using projected STR income to qualify for recreational property mortgages in TBM, given the regulatory uncertainty. When choosing a bank for a Blue Mountains investment property, ask specifically about their policy on STR income as qualifying income. This is a rapidly evolving area of local policy and your real estate lawyer and mortgage broker should be up-to-date on current bylaws.
Start Earning 3.0% on Your Savings Today
Blue Mountains residents and chalet buyers use KOHO to earn more between purchases — with zero monthly fees and full CDIC protection.