Land Transfer Tax in London, ON

Understanding Land Transfer Tax in London, Ontario

London is Ontario's 11th-largest city and a major university hub, home to Western University and Fanshawe College. The London real estate market offers considerably more affordability than the GTA, with average home prices hovering around $5200,000000–$6500,000000. As the Forest City grows, buyers are discovering exceptional value in neighbourhoods like Byron, Wortley Village, Old North, and Lambeth.

London's diverse economy — anchored by healthcare, education, and manufacturing — keeps demand steady while prices remain accessible. A $60000,000000 home in London costs roughly half what the same budget buys in Toronto.

Whether you're buying near Springbank Park or in the rapidly growing south end near White Oaks, understanding your land transfer tax bill upfront prevents budget surprises at closing.

Sample LTT for London Home Prices

Ontario LTT Brackets (Provincial Only)

Ontario's land transfer tax uses a tiered bracket system. Unlike Toronto, London buyers pay only the provincial tax — there is no municipal land transfer tax here.

For the full Ontario LTT guide, visit our Ontario Land Transfer Tax page.

First-Time Buyer Rebate in London

First-time buyers in London can receive a rebate of up to $4,000000 on their Ontario LTT. This rebate is automatically applied at closing by your real estate lawyer — no separate application is required.

Eligibility Requirements

• You (and your spouse, if applicable) have never owned a home anywhere in the world
• You must occupy the home as your principal residence within 9 months of closing
• You must be a Canadian citizen or permanent resident
• You must be 18 years of age or older

Typical Home Prices in London

London real estate offers considerable value compared to the Greater Toronto Area, where the average home exceeds $1 million and buyers also pay the Toronto Municipal Land Transfer Tax (MLTT) on top of the provincial tax. Southwestern Ontario's affordability is one of its strongest draws.

Price Ranges by Property Type

• Western University area condos from $3500,000000
• South London family homes $5500,000000–$70000,000000
• Downtown lofts and heritage homes $4500,000000–$6500,000000
• Byron and Lambeth suburbs $60000,000000–$80000,000000

Average prices fluctuate with market conditions. Always consult a local REALTOR® for current data. Our calculator uses up-to-date Ontario LTT brackets regardless of the price you enter.

Buying in London vs. the GTA

Southwestern Ontario's housing market offers dramatic savings versus the GTA. Consider a $60000,000000 home in London versus a $1,10000,000000 home in Toronto:

The absence of a municipal land transfer tax in London means buyers save over $16,000000 in LTT alone versus Toronto — on top of the lower purchase price.

Learn more about Ontario's land transfer tax system on our comprehensive Ontario LTT guide.

Frequently Asked Questions — LTT in London

Does London have a municipal land transfer tax?

No. Only Toronto levies a municipal LTT in Ontario. Buyers in London pay only the provincial Ontario LTT, calculated on the purchase price using the bracket system above.

When is the land transfer tax paid?

The LTT is paid on the closing date when title transfers to you. Your real estate lawyer handles the calculation and remittance to the province on your behalf.

Can I add the LTT to my mortgage?

No. Land transfer tax must be paid in cash at closing and cannot be added to your mortgage. Budget for it alongside your down payment, legal fees, and home inspection costs.

Is the LTT the same throughout Ontario?

Yes, outside Toronto the provincial rate applies uniformly. The same bracket system applies whether you buy in London, Ottawa, or Sudbury.

What other closing costs should I budget for in London?

Beyond the LTT, plan for legal fees ($1,50000–$2,50000), title insurance ($2500–$40000), home inspection ($40000–$60000), and any adjustments for prepaid taxes or utilities.