Instantly calculate Ontario LTT for Peterborough's real estate market — including first-time buyer rebates.
When you buy a home in Peterborough, you pay Ontario's provincial land transfer tax (LTT) at closing. Peterborough is not subject to any additional municipal land transfer tax — only the provincial rate applies.
| Purchase Price Portion | Tax Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 – $250,000 | 1.0% |
| $250,001 – $400,000 | 1.5% |
| $400,001 – $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
Peterborough is the largest city in the Kawarthas and one of Central Ontario's most vibrant communities, with Trent University, Fleming College, and a growing tech sector.
The Trent-Severn Waterway runs through the heart of the city, anchoring an active outdoor lifestyle that includes boating, cycling, and the famous Peterborough Canoe Museum.
Peterborough has emerged as a significant hub for digital media and tech startups, diversifying beyond its traditional manufacturing base. While not on the GO Train network, the community is accessible by car from the GTA within 1–2 hours.
Peterborough offers strong value for buyers seeking a full-service city with universities, hospitals, and cultural amenities outside the GTA. The market has matured from its 2021–2022 frenzy and now offers more realistic pricing. Students and faculty from Trent and Fleming sustain rental demand, making Peterborough attractive for investors as well.
At the Peterborough average home price of $680,000, the Ontario land transfer tax works out to approximately $10,075. First-time buyers can offset up to $4,000 of that amount through the provincial first-time buyer (FTB) rebate, reducing their net LTT to $6,075.
Use the calculator above to enter your specific purchase price and get an instant, precise Ontario LTT calculation for Peterborough.
Ontario's First-Time Home Buyer LTT Rebate provides up to $4,000 back to eligible buyers. To qualify:
In Peterborough, where average prices are around $680,000, the rebate covers a meaningful portion of the total LTT bill. Use the calculator above to see your exact net cost after rebate.
One of the biggest financial advantages of buying in Peterborough County versus the Greater Toronto Area is the significantly lower land transfer tax burden. Consider:
| Location | Avg. Price | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|---|
| Peterborough | $680,000 | $10,075 | N/A | $10,075 |
| Toronto (avg ~$1,100,000) | $1,100,000 | $16,475 | $16,475 | $32,950 |
| Cobourg (avg ~$720,000) | $720,000 | $10,875 | N/A | $10,875 |
Buying in Peterborough can save you thousands of dollars in land transfer tax compared to purchasing in Toronto — money you can put toward your down payment, renovations, or an emergency fund.
Peterborough's Lift Lock, built in 1904, is the world's highest hydraulic lift lock and a National Historic Site. The city has a proud manufacturing history including Canadian General Electric (now part of Siemens) and Quaker Oats. Trent University, established in 1963, has been central to the city's modern identity.
Popular areas in Peterborough include Downtown Peterborough, The Bowers, East City, Kawartha Heights, Monaghan, and Ashburnham. Home prices can vary significantly by neighbourhood — use the calculator above with your specific target price for a precise LTT estimate.
Beyond land transfer tax, Peterborough buyers should budget for these closing costs:
For a comprehensive overview of Ontario LTT rules and all city calculators, visit bremo.io/ontario-land-transfer-tax. You can also explore our guide to the best banks in Ontario to maximize your savings before and after your home purchase.
While you can't avoid LTT, you can save on banking fees. KOHO is free forever — save hundreds per year to put toward your Ontario home purchase.
Get KOHO Free — Code 45ET55JSYADoes Peterborough have a municipal land transfer tax?
No. Only the City of Toronto charges a municipal LTT in Ontario. Buyers in Peterborough pay only the provincial Ontario LTT.
When is land transfer tax paid?
LTT is collected by your real estate lawyer at closing (the day you take possession). You cannot pay it separately or in installments — it must be available on closing day.
Is land transfer tax deductible?
No. Ontario LTT is not income-tax deductible for personal residential purchases. It is a one-time closing cost added to the adjusted cost base of your property for capital gains purposes if you ever sell.
What if I'm buying with a partner?
Each owner on title shares the LTT liability. The first-time buyer rebate is only available if all buyers qualify as first-time buyers. If your partner has owned a home before, you cannot claim the rebate.
How much is land transfer tax on a $680,000 home in Peterborough?
On a $680,000 purchase price, Ontario LTT is approximately $10,075. First-time buyers who qualify for the provincial rebate would pay $6,075 net after the $4,000 rebate.