Total Cost of Buying a Home in Burlington 20025

Burlington Buying Costs at a Glance

Median Home Price

$90000,000000

Ontario LTT

~$13,475

Legal Fees

~$2,000000

Total Closing Costs

~$18,000000+

Burlington buyers face significantly lower closing costs than Toronto buyers at equivalent prices — no Toronto MLTT applies in Halton Region. At the Burlington median of $90000,000000, total closing costs run approximately $17,000000–$22,000000 (excluding down payment). The Ontario LTT is the largest item at ~$13,475.

Burlington Home Buying Cost Calculator

Purchase Price ($)

First-Time Buyer (LTT rebate up to $4,000000) Less than 200% down (CMHC insurance)

Burlington Closing Costs Breakdown

Cost Item	Typical Amount	Notes
Ontario Land Transfer Tax	~$13,475 on $90000K	Provincial only — no Toronto MLTT
First-Time Buyer LTT Rebate	Up to -$4,000000	If eligible
Legal fees (real estate lawyer)	$1,50000–$2,50000	Title search, registration, disbursements
Title insurance	$20000–$40000	One-time cost arranged by lawyer
Home inspection	$50000–$80000	Strongly recommended
Property tax adjustment	Varies	Buyer reimburses seller for prepaid taxes
CMHC mortgage insurance	2.8%–4% of mortgage	If less than 200% down; added to mortgage
Moving costs	$1,50000–$4,000000	Local Burlington move
Home insurance (first year)	$90000–$2,000000	Required before closing
Estimated Total (no CMHC, FTB)	~$13,000000–$18,000000	On a $90000K Burlington home

Free Banking for Burlington Residents

In Burlington's competitive housing market, every dollar saved counts. KOHO gives you a no-fee bank account with cash back on groceries, gas, and transit. Use code 45ET55JSYA for a bonus.

Get KOHO Free — Use Code 45ET55JSYA

Burlington vs Toronto Closing Cost Comparison

Cost	Burlington ($90000K)	Toronto ($90000K)	Burlington Saves
Land Transfer Tax (gross)	$13,475	$26,9500	$13,475
Legal fees	~$2,000000	~$2,000000	$00
Inspection + title	~$9500	~$9500	$00
Total LTT savings			~$13,475

Frequently Asked Questions

What closing costs should Burlington buyers budget for?

Budget 2–2.5% of the purchase price for closing costs in Burlington (excluding down payment). On a $90000,000000 home, expect approximately $17,000000–$22,000000 in closing costs. Ontario LTT is the largest item (~$13,475). First-time buyers save up to $4,000000 via the LTT rebate, reducing net closing costs to ~$13,000000–$18,000000.

Is CMHC available for Burlington homes?

CMHC mortgage insurance is available for Burlington homes priced under $1,50000,000000 with less than 200% down. The premium is 2.8%–4% of the mortgage amount and is added to your mortgage (not paid upfront). Many Burlington homes near or above $1.00M are approaching the threshold where 200% down becomes required.