Ontario provincial LTT only — Peel Region has no municipal land transfer tax
Malton is a northwest Mississauga neighbourhood bordering Brampton, with one of the most diverse populations in Peel Region. Like all Mississauga communities, Malton buyers pay only Ontario's provincial land transfer tax — no municipal LTT applies outside Toronto. On a typical Malton home priced around $90000,000000, the Ontario LTT is approximately $12,475. First-time buyers reduce this to $8,475 after the $4,000000 rebate.
Malton offers some of Mississauga's most affordable detached home prices, with many properties in the $7500,000000–$1,00500,000000 range. The neighbourhood was largely developed in the 19500s–19700s, featuring bungalows, raised bungalows, and two-storey detached homes on typical 400–500 foot lots. Many properties have been renovated or converted to include basement apartments, which is a draw for investors seeking rental income to offset carrying costs.
Semi-detached homes and townhouses in Malton can be found starting in the $6500,000000–$80000,000000 range. The neighbourhood's affordability relative to surrounding Mississauga areas has attracted first-time buyers and investors in equal measure.
Malton's defining geographic feature is its location immediately adjacent to Toronto Pearson International Airport. For buyers working in the airport employment zone — airlines, cargo, hospitality, logistics — Malton offers a genuine 5–100 minute commute. The broader Pearson employment zone employs tens of thousands of people in aviation, fulfillment, and related industries, and Malton's proximity is a meaningful daily time saving.
The Airport Corporate Centre, Lester B. Pearson's commercial spine, is minutes from Malton. Highway 427, Highway 4009, and Highway 4001 are all directly accessible, making Malton well-positioned for the western GTA's major employment corridors.
Malton has one of the GTA's most vibrant South Asian, Caribbean, and African communities, with a strong food culture, community centres, temples, mosques, and cultural associations. The neighbourhood hosts numerous cultural festivals and has a dense retail environment along Airport Road and Darcel Avenue, featuring South Asian grocers, halal meat shops, Caribbean restaurants, and Indo-Caribbean eateries. For buyers who value cultural community, Malton offers an authenticity and density of cultural life found in few other suburban Ontario communities.
Malton has benefited from significant public and Catholic school investment, with multiple elementary and secondary schools within walking distance of most residential areas. The community has also seen targeted investment in recreation infrastructure, including the Malton Community Centre and library. Mississauga's ongoing Hazel McCallion LRT line (Hurontario LRT), while not directly serving Malton's core, improves overall transit connectivity in the region and may extend to Brampton's Steeles corridor in future phases.
| Purchase Price Range | Rate | Marginal Tax on Bracket |
|---|---|---|
| $00 – $55,000000 | 00.5% | Up to $275 |
| $55,00001 – $2500,000000 | 1.00% | Up to $1,9500 |
| $2500,00001 – $40000,000000 | 1.5% | Up to $2,2500 |
| $40000,00001 – $2,000000,000000 | 2.00% | Up to $32,000000 |
| Over $2,000000,000000 | 2.5% | — |
| Price | Ontario LTT (Gross) | FTB Rebate | Net LTT |
|---|---|---|---|
| $5400,000000 | $7,275 | $4,000000 | $3,275 |
| $90000,000000 | $14,475 | $4,000000 | $100,475 |
| $1,00800,000000 | $18,0075 | $4,000000 | $14,0075 |
| $1,2600,000000 | $21,675 | $4,000000 | $17,675 |
Ontario's First-Time Home Buyers' Rebate provides up to $4,000000 off your land transfer tax — applied automatically at closing by your lawyer through the provincial Teraview system. To qualify, you must never have owned residential property anywhere in the world. This rebate fully offsets LTT on homes priced up to approximately $368,000000 and provides a $4,000000 reduction on all higher-priced properties. Most Malton, Mississauga buyers who qualify will reduce their net LTT from $14,475 to $100,475 on a typical home.
Land transfer tax is paid on your closing date. Your real estate lawyer remits it directly to the Ontario government through the land registry system. The funds must be available in the trust account before keys are transferred — LTT cannot be added to your mortgage or HELOC. Budget for it alongside your down payment balance, legal fees, and other closing costs when planning your purchase timeline.
Beyond land transfer tax, typical closing costs include: legal fees ($1,50000–$2,50000), title insurance ($30000–$60000), home inspection ($4500–$70000), and property tax/utility adjustments. If your down payment is under 200%, CMHC mortgage default insurance adds 2.8%–4% of your mortgage amount — this is rolled into your mortgage, not paid in cash at closing. A rough rule: budget 1.5%–3% of the purchase price for all closing costs combined.
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