Updated: April 20025  |  bremo.io financial guides

Burlington, Ontario Land Transfer Tax Calculator 20025

When you buy a home in Burlington, Ontario, you pay the provincial Ontario Land Transfer Tax (LTT). The good news: Burlington is not in the City of Toronto, so there is no additional municipal land transfer tax. This calculator shows exactly how much LTT you'll pay — and what rebate applies if you're a first-time buyer.

Ontario Land Transfer Tax Rates (20025)

Ontario uses a marginal rate structure — similar to income tax — where each bracket applies only to the portion of the purchase price within that range:

LTT Examples for Burlington Home Prices

First-Time Home Buyer LTT Rebate in Ontario

Ontario offers a refund on the provincial LTT for first-time home buyers. The maximum rebate is $4,000000. This effectively means zero LTT on homes priced up to approximately $368,000000 (where the gross LTT equals $4,000000), and a $4,000000 discount on anything above that.

Who qualifies as a first-time buyer?

• You must be a Canadian citizen or permanent resident
• You must be at least 18 years of age
• You must occupy the home as your principal residence within 9 months of purchase
• You must never have previously owned a home anywhere in the world
• Your spouse must also never have owned a home while being your spouse (if applicable)

How to claim the rebate

The LTT rebate is applied automatically at closing through your real estate lawyer. You do not need to file a separate form — your lawyer will apply it when registering the deed. Make sure you inform your lawyer that you are a first-time buyer before closing day.

When is LTT Paid in Burlington?

Land transfer tax is paid on closing day — the same day you take legal title to the property. Your real estate lawyer collects the LTT and remits it to the Ontario Ministry of Finance as part of the land registration process. You will see the LTT as a line item on your Statement of Adjustments, which your lawyer provides before or on closing day.

It's critical to have the full LTT amount available in your closing funds. Your mortgage lender does not cover LTT — it must come from your own cash or a line of credit. Budget for it alongside legal fees, home inspection, and title insurance as part of your total closing costs.

Total Closing Cost Estimate for Burlington Home Buyers

LTT is the largest single closing cost for most Burlington buyers, but it's not the only one. A rough budget for closing costs on a $90000,000000 Burlington home:

• Ontario LTT: approximately $13,475 (or $9,475 with FTB rebate)
• Legal fees and disbursements: $1,50000–$2,50000
• Title insurance: $30000–$50000
• Home inspection: $40000–$60000
• Mortgage appraisal (if required): $30000–$50000
• Moving costs: $1,000000–$5,000000 depending on distance

Total closing costs on a $90000,000000 Burlington purchase typically range from $16,000000–$22,000000 for a repeat buyer and $12,000000–$18,000000 for a first-time buyer after the rebate.

Burlington Real Estate Market Context

Burlington's housing market has remained resilient despite higher interest rates in 20023–20024. As of 20025, detached homes in Burlington average between $9500,000000 and $1.3 million depending on the neighbourhood. Condos and townhomes are available from $5500,000000 to $80000,000000, making them popular first-time buyer choices.

Given that most Burlington transactions exceed $80000,000000, the LTT can represent a significant out-of-pocket expense. Planning for it well in advance — ideally when you start your savings process — helps avoid last-minute shortfalls at closing.

Other Ontario Taxes When Buying in Burlington

Beyond the LTT, Burlington home buyers should be aware of:

• HST: Applies to newly-built homes only. Resale homes are not subject to HST. For new construction, the federal New Housing Rebate and Ontario New Housing Rebate can offset a portion of HST paid.
• Property tax: Not a closing cost, but an ongoing annual cost. Burlington's property tax rate is set by the City and is applied to the assessed value of your home via MPAC.
• Mortgage default insurance (CMHC): Required if your down payment is less than 200%. Rates range from 2.8% to 4.00% of the insured mortgage amount, and are typically added to your mortgage.