2026 Ontario LTT Calculator · First-Time Buyer Rebate · Grey County
Buying in Owen Sound means you pay only Ontario's provincial land transfer tax — there is no Toronto Municipal Land Transfer Tax (MLTT) here. At the Owen Sound median of $450,000, a buyer in Toronto would pay approximately $10,950 in combined LTT, while a Owen Sound buyer pays just $5,475 — a saving of $5,475.
| 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.
Owen Sound attracts first-time buyers from the GTA looking for Georgian Bay lifestyle at an accessible price. At the median of $450,000, a first-time buyer pays Ontario LTT of $5,850, receives the $4,000 rebate, and owes a net $1,850 at closing.
Owen Sound is in Grey County — no Toronto MLTT applies. A $450,000 purchase in Toronto would cost $11,700 in combined LTT, versus just $5,850 in Owen Sound — a saving of $5,850.
| Scenario | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|
| Buy in Owen Sound at $450,000 | $5,475 | None | $5,475 |
| Buy in Toronto at $450,000 | $5,475 | $5,475 | $10,950 |
| Savings by buying in Owen Sound | $5,475 | ||
For a full breakdown of Ontario LTT rules, visit our Ontario Land Transfer Tax guide.
Owen Sound is the commercial and service hub for Grey-Bruce Region on Georgian Bay's eastern shore. Known for its waterfall-lined Harrison Park, proximity to ski hills, and the Bruce Peninsula, Owen Sound attracts both retirees and remote workers. Popular neighbourhoods include Sydenham, Brooke, Glenwood, Georgian Bluffs, and Downtown Owen Sound.
Use the calculator above to model the exact Ontario LTT for any purchase price in Owen Sound.
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No. Only the City of Toronto charges a municipal LTT on top of Ontario's provincial LTT. Since Owen Sound is in Grey County 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 Owen Sound. 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.