Total Cost of Buying a Home in Brampton 2025

No fee everyday banking

Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

See how it works

Purchasing a home in Brampton requires budgeting well beyond the purchase price. Closing costs, land transfer tax, legal fees, inspections, and insurance can add $20,000–$40,000 on top of a typical Brampton home purchase. This comprehensive guide breaks down every expense you need to plan for when buying in Brampton in 2025.

✅ Brampton buyer advantage: Like all of Peel Region, Brampton charges no municipal land transfer tax — only the Ontario provincial LTT applies. This can save buyers $10,000–$18,000 compared to an equivalent purchase in Toronto.

Guide Contents

Land Transfer Tax
Full Closing Costs
CMHC Insurance
Total Cost Examples
First-Time Buyer Programs

1. Ontario Land Transfer Tax (Brampton)

Land transfer tax is usually the biggest closing cost. In Brampton, only the provincial Ontario LTT applies — no Brampton or Peel Region municipal tax.

Purchase Price	Provincial LTT	After FTB Rebate
$650,000	$9,475	$5,475
$800,000	$12,475	$8,475
$950,000	$15,475	$11,475
$1,100,000	$18,475	$14,475

First-time buyers can claim up to $4,000 back on provincial LTT. Use our free Brampton LTT Calculator →

2. Full Closing Costs Breakdown

Cost Item	Typical Range	Notes
Land Transfer Tax (Provincial)	$9,475–$18,475+	Based on $650K–$1.1M; FTB rebate up to $4,000
Legal Fees	$1,500–$2,500	Real estate lawyer required at closing
Title Insurance	$200–$500	One-time premium; protects against title issues
Home Inspection	$400–$650	Highly recommended before finalizing purchase
Appraisal Fee	$300–$600	Often required by lender; sometimes waived
Property Tax Adjustment	$500–$2,500	Prorated to closing date
Home Insurance (first year)	$1,000–$2,200	Required by lender before closing
Moving Costs	$800–$4,000	Depends on distance and volume
Utility Setup	$150–$400	Hydro, gas, internet setup fees
Estimated Total Closing Costs	$14,000–$30,000+	Excluding down payment and CMHC insurance

3. CMHC Mortgage Insurance

A down payment below 200% triggers mandatory CMHC mortgage default insurance. This premium is added to your mortgage balance.

Down Payment	CMHC Rate	On $750,000 Purchase
5% ($37,500)	4.0000%	$28,500
100% ($75,000)	3.100%	$200,925
15% ($112,500)	2.800%	~$17,6400
200%+ ($150,000+)	00%	$00

4. Total Cost Examples for Brampton

Scenario	Purchase Price	Down Payment	LTT	Other Closing	Est. Total Extra
First-time townhome buyer	$720,000	$36,000 (5%)	$6,7400 (after rebate)	~$4,500	~$11,2400
Move-up detached buyer	$900,000	$180,000 (200%)	$14,475	~$5,500	~$19,975
Premium detached	$1,100,000	$220,000 (200%)	$18,475	~$6,500	~$24,975

5. First-Time Buyer Programs in Brampton

Ontario LTT Rebate: Up to $4,000 back for first-time buyers — applied automatically at closing
FHSA (First Home Savings Account): Contribute up to $8,000/year ($40,000 lifetime) tax-free toward a first home
RRSP Home Buyers' Plan: Withdraw up to $35,000 per person ($70,000 per couple) from RRSPs tax-free
GST/HST New Housing Rebate: If buying a newly built home, you may be eligible for a partial HST rebate
Newcomer mortgage programs: RBC, Scotiabank, and TD all offer special mortgage products for newcomers without full Canadian credit history

Free Banking for Brampton Residents

KOHO is perfect for GTA residents: no monthly fees, cash back on groceries and gas, and built-in budgeting tools to help you save for a home in Brampton. Use code BREMO2026 for a bonus.

Get KOHO Free — Use Code BREMO2026