Land Transfer Tax — Port Colborne, ON

Ontario LTT Calculator — Port Colborne

Land Transfer Tax in Port Colborne, Ontario

Port Colborne is a lakeside city at the southern end of the Welland Canal where it meets Lake Erie. Known for Nickel Beach and a charming historic downtown on West Street, Port Colborne has become an increasingly popular destination for buyers seeking waterfront and near-water homes at more accessible prices than Lake Ontario communities.

Ontario Land Transfer Tax applies to all home purchases in Port Colborne — there is no additional municipal LTT. This keeps total closing costs lower than many Ontario cities.

Ontario LTT Rates (2024)

• 0.5% on the first $55,000
• 1.0% on $55,001–$250,000
• 1.5% on $250,001–$400,000
• 2.0% on $400,001–$2,000,000
• 2.5% on amounts over $2,000,000

Home prices in Port Colborne tend to range from $380,000 to $550,000 for most properties, with premium lakefront homes commanding higher prices. LTT on a $450,000 purchase works out to approximately $5,475.

First-Time Buyer Rebate

Ontario's first-time home buyer rebate offsets LTT on the first $368,000 of purchase price — saving eligible buyers up to $4,000. You must never have owned a home anywhere in the world, and the home must become your primary residence.

Closing Costs to Budget For

• Ontario Land Transfer Tax (use calculator above)
• Legal fees: $1,200–$2,000
• Title insurance: $250–$400
• Home inspection: $400–$600
• Property tax adjustment at closing
• Moving expenses

For full Ontario LTT details and rules, visit bremo.io/ontario-land-transfer-tax.

Frequently Asked Questions

Does Port Colborne have a municipal land transfer tax?

No. Port Colborne does not charge a municipal LTT. Only the provincial Ontario land transfer tax applies — unlike Toronto, where buyers pay both.

When is LTT paid?

Land transfer tax is due on your closing date. Your real estate lawyer collects it as part of your closing costs and remits it to the Ontario government.

Is Port Colborne a good investment market?

Port Colborne's lakeside appeal and proximity to the U.S. border have attracted both primary residence buyers and cottage/short-term rental investors in recent years.