2026 Ontario LTT Calculator · First-Time Buyer Rebate · Peterborough County
Buying in Peterborough means you pay only Ontario's provincial land transfer tax — there is no Toronto Municipal Land Transfer Tax (MLTT) here. At the Peterborough median of $590,000, a buyer in Toronto would pay approximately $16,550 in combined LTT, while a Peterborough buyer pays just $8,275 — a saving of $8,275.
| 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.
Peterborough attracts many first-time buyers priced out of the GTA. At the city's median of $590,000, a first-time buyer pays Ontario LTT of $8,475, receives a $4,000 rebate, and owes a net $4,475 at closing.
Peterborough sits well outside the City of Toronto's boundaries, so buyers pay only the Ontario LTT. At $590,000, a Toronto buyer would pay $16,950 total, while a Peterborough buyer pays just $8,475 — saving $8,475.
| Scenario | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|
| Buy in Peterborough at $590,000 | $8,275 | None | $8,275 |
| Buy in Toronto at $590,000 | $8,275 | $8,275 | $16,550 |
| Savings by buying in Peterborough | $8,275 | ||
For a full breakdown of Ontario LTT rules, visit our Ontario Land Transfer Tax guide.
Peterborough is a vibrant city in the Kawarthas region, known for its strong arts scene, Trent University, and access to cottage country. The city offers some of the most affordable detached homes within commuting reach of the GTA. Popular neighbourhoods include East City, Ashburnham, Monaghan, Northcrest, and the South End. Buyers benefit from fully paying only Ontario's provincial LTT — no municipal surcharge applies.
Use the calculator above to model the exact Ontario LTT for any purchase price in Peterborough.
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No. Only the City of Toronto charges a municipal LTT on top of Ontario's provincial LTT. Since Peterborough is in Peterborough 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 Peterborough. 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.