2026 Ontario LTT Calculator · First-Time Buyer Rebate · York Region
Buying in Richmond Hill means you pay only Ontario's provincial land transfer tax — there is no Toronto Municipal Land Transfer Tax (MLTT) here. At the Richmond Hill median of $1,150,000, a buyer in Toronto would pay approximately $38,950 in combined LTT, while a Richmond Hill buyer pays just $19,475 — a saving of $19,475.
| 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.
Richmond Hill's higher price point reflects its premium location. At the median of $1,150,000, a first-time buyer pays Ontario LTT of $20,475, receives the $4,000 rebate, and owes a net $16,475 at closing.
Richmond Hill is in York Region — no Toronto MLTT applies. A $1,150,000 purchase in Toronto would cost $40,950 in combined LTT, versus just $20,475 in Richmond Hill — a saving of $20,475.
| Scenario | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|
| Buy in Richmond Hill at $1,150,000 | $19,475 | None | $19,475 |
| Buy in Toronto at $1,150,000 | $19,475 | $19,475 | $38,950 |
| Savings by buying in Richmond Hill | $19,475 | ||
For a full breakdown of Ontario LTT rules, visit our Ontario Land Transfer Tax guide.
Richmond Hill is one of York Region's most desirable municipalities, offering a diverse community, top-ranked schools, and outstanding transit options including the Richmond Hill GO line. Popular neighbourhoods include North Richvale, Crosby, Observatory, Bayview Hill, and Langstaff. Buyers pay only Ontario's provincial LTT — no Toronto municipal tax applies.
Use the calculator above to model the exact Ontario LTT for any purchase price in Richmond Hill.
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No. Only the City of Toronto charges a municipal LTT on top of Ontario's provincial LTT. Since Richmond Hill is in York Region 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 Richmond Hill. 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.