2026 Ontario LTT Calculator · First-Time Buyer Rebate · York Region
Buying in Newmarket means you pay only Ontario's provincial land transfer tax — there is no Toronto Municipal Land Transfer Tax (MLTT) here. At the Newmarket median of $890,000, a buyer in Toronto would pay approximately $28,550 in combined LTT, while a Newmarket buyer pays just $14,275 — a saving of $14,275.
| Portion of Purchase Price | Tax Rate | Max Tax in Bracket |
|---|---|---|
| First $55,000 | 0.5% | $275 |
| $55,001 – $250,000 | 1.0% | $1,950 |
| $250,001 – $400,000 | 1.5% | $2,250 |
| $400,001 – $2,000,000 | 2.0% | $32,000 |
| Above $2,000,000 | 2.5% | Unlimited |
Ontario LTT uses a marginal bracket system — only the portion within each bracket is taxed at that rate. For a full explanation, visit our Ontario Land Transfer Tax guide.
Ontario's First-Time Homebuyer Land Transfer Tax Rebate can save you up to $4,000 on your Ontario LTT bill.
Newmarket attracts first-time buyers drawn to York Region's strong schools and transit. At the median of $890,000, a first-time buyer pays Ontario LTT of $14,075, receives the $4,000 rebate, and owes a net $10,075 at closing.
Newmarket is in York Region — no Toronto MLTT applies. A $890,000 purchase in Toronto would cost $28,150 in combined LTT, versus just $14,075 in Newmarket — a saving of $14,075.
| Scenario | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|
| Buy in Newmarket at $890,000 | $14,275 | None | $14,275 |
| Buy in Toronto at $890,000 | $14,275 | $14,275 | $28,550 |
| Savings by buying in Newmarket | $14,275 | ||
For a full breakdown of Ontario LTT rules, visit our Ontario Land Transfer Tax guide.
Newmarket is a thriving town in York Region with excellent transit connections, top-ranked schools, and a vibrant Main Street. It offers a blend of established suburban neighbourhoods and new development. Popular areas include Summerhill Estates, Stonehaven, Glenway, Gorham-College Manor, and Downtown Newmarket. As part of York Region and outside the City of Toronto, buyers pay only the Ontario provincial LTT.
Use the calculator above to model the exact Ontario LTT for any purchase price in Newmarket.
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No. Only the City of Toronto charges a municipal LTT on top of Ontario's provincial LTT. Since Newmarket is in York Region and outside the City of Toronto's boundaries, buyers pay only the Ontario LTT.
Ontario land transfer tax is paid on closing day, typically through your real estate lawyer. It is calculated on the purchase price registered with the province.
Yes. Ontario's FTB rebate applies anywhere in the province, including Newmarket. You can receive up to $4,000 back on your Ontario LTT if you have never owned a home anywhere in the world and the property will be your principal residence.
For more details, see our comprehensive Ontario Land Transfer Tax guide.