2026 Ontario LTT Calculator · First-Time Buyer Rebate · Nipissing District
Buying in North Bay means you pay only Ontario's provincial land transfer tax — there is no Toronto Municipal Land Transfer Tax (MLTT) here. At the North Bay median of $300,000, a buyer in Toronto would pay approximately $5,950 in combined LTT, while a North Bay buyer pays just $2,975 — a saving of $2,975.
| 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.
North Bay is one of Ontario's best markets for first-time buyers on a budget. At the median of $300,000, a first-time buyer pays Ontario LTT of $3,725, receives the full $3,725 rebate (LTT is less than $4,000), and owes $0 at closing.
North Bay is in Nipissing District — no Toronto MLTT applies. A $300,000 purchase in Toronto would cost $7,450 in combined LTT, versus just $3,725 in North Bay — a saving of $3,725.
| Scenario | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|
| Buy in North Bay at $300,000 | $2,975 | None | $2,975 |
| Buy in Toronto at $300,000 | $2,975 | $2,975 | $5,950 |
| Savings by buying in North Bay | $2,975 | ||
For a full breakdown of Ontario LTT rules, visit our Ontario Land Transfer Tax guide.
North Bay is the gateway to Northern Ontario, situated on the shores of Lake Nipissing. Nipissing University and strong healthcare and government employment anchor the local economy. Popular neighbourhoods include Downtown North Bay, Ferris, Widdifield, West Ferris, and Pinewood. North Bay offers among the most affordable home prices in Ontario.
Use the calculator above to model the exact Ontario LTT for any purchase price in North Bay.
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No. Only the City of Toronto charges a municipal LTT on top of Ontario's provincial LTT. Since North Bay is in Nipissing District 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 North Bay. 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.