Land Transfer Tax Ayr ON | 2024 Calculator

Land Transfer Tax in Ayr, Ontario

Ayr is a growing village within North Dumfries Township, part of Waterloo Region, located between Cambridge and Paris. It has attracted significant attention from home buyers in recent years, offering newer family homes, a quiet community atmosphere, and access to both the Waterloo Region tech corridor and the Grand River trail system.

Home purchases in Ayr are subject to the provincial Ontario Land Transfer Tax only. North Dumfries Township does not impose a municipal LTT.

Ontario LTT Rates (2024)

0.5% on the first $55,000
1.0% on $55,001–$250,000
1.5% on $250,001–$400,000
2.0% on $400,001–$2,000,000
2.5% on amounts over $2,000,000

Ayr has seen considerable new residential construction. Newer detached homes in Ayr's expanding subdivisions typically list from $700,000 to $950,000. The community's proximity to Cambridge (15 minutes) and Kitchener-Waterloo (30 minutes) makes it attractive for tech-sector professionals.

First-Time Buyer Rebate

Ontario's first-time home buyer rebate offsets LTT entirely on the first $368,000 of purchase price — maximum saving of $4,000. You must never have owned a home anywhere in the world, and the property must be your primary residence.

Typical Closing Costs

Ontario Land Transfer Tax
Legal/notary fees: $1,200–$2,000
Title insurance: $250–$400
Home inspection: $400–$600
Property tax adjustment
Moving costs

For the complete Ontario LTT guide, visit bremo.io/ontario-land-transfer-tax.

Frequently Asked Questions

Does Ayr have a municipal land transfer tax?

No. Ayr does not have a municipal LTT. Only the provincial Ontario land transfer tax applies when you purchase a home here.

When do I pay LTT?

LTT is paid on closing day and is typically handled by your real estate lawyer as part of your closing statement.

Is Ayr part of Waterloo Region?

Yes. Ayr is in North Dumfries Township, which is part of Waterloo Region. Ontario LTT applies to all home purchases here under the same provincial rates.

Land Transfer Tax — Ayr, ON

Ontario LTT Calculator — Ayr