Provincial LTT + Toronto LTT + legal fees + title insurance — all calculated instantly.
Ontario has some of Canada's highest closing costs because buyers pay a provincial Land Transfer Tax (LTT) and Toronto buyers pay an additional municipal LTT. Use this calculator to see your full cost picture before making an offer.
The provincial LTT is calculated on a sliding scale. First-time buyers receive a rebate of up to $4,000 on the provincial LTT and up to $4,475 on the Toronto LTT, effectively eliminating LTT on homes up to about $368,000.
| Purchase Price Portion | Provincial LTT Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 – $250,000 | 1.0% |
| $250,001 – $400,000 | 1.5% |
| $400,001 – $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
Toronto's municipal LTT uses identical rates. A $900,000 Toronto home costs approximately $14,475 provincial + $14,475 Toronto = $28,950 in combined LTT alone before the first-time buyer rebate.
Real estate lawyers in Ontario typically charge $1,200 to $2,000 in professional fees for a standard purchase. This includes reviewing the Agreement of Purchase and Sale, conducting title searches, registering the deed and mortgage, handling the key exchange, and providing title insurance. Shop around — fees vary significantly.
Title insurance in Ontario typically costs $200–$400 as a one-time premium. It protects against title fraud, survey errors, zoning bylaw violations discovered after closing, and liens that weren't found during the title search. Most lenders require it.
Property tax and utility adjustments are calculated so you pay from your possession date forward. If the seller prepaid property tax for the full year, you'll reimburse them for your portion. This typically adds $500–$2,000 to closing costs.
KOHO's high-interest savings account helps your closing cost fund grow faster. No monthly fees, earn interest on every dollar.
Open KOHO Free — Code 45ET55JSYA| Purchase Price | Provincial LTT | Toronto LTT | Legal + Title | Total (Outside TO) | Total (Toronto) |
|---|---|---|---|---|---|
| $500,000 | $6,475 | $6,475 | $1,800 | $9,075 | $15,550 |
| $750,000 | $11,475 | $11,475 | $1,800 | $14,075 | $25,550 |
| $1,000,000 | $16,475 | $16,475 | $2,000 | $19,275 | $35,750 |
| $1,500,000 | $26,475 | $26,475 | $2,000 | $29,275 | $55,750 |
Read our guides: Ontario real estate lawyer fees, title insurance in Canada, and best banks in Ontario.