2026 Ontario LTT Calculator · First-Time Buyer Rebate · Algoma District
Buying in Sault Ste. Marie means you pay only Ontario's provincial land transfer tax — there is no Toronto Municipal Land Transfer Tax (MLTT) here. At the Sault Ste. Marie median of $290,000, a buyer in Toronto would pay approximately $5,650 in combined LTT, while a Sault Ste. Marie buyer pays just $2,825 — a saving of $2,825.
| 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.
Sault Ste. Marie offers first-time buyers the lowest LTT burden in the province. At the median of $290,000, a first-time buyer pays Ontario LTT of $3,475, receives the full $3,475 rebate, and owes $0 at closing.
Sault Ste. Marie is in Algoma District — no Toronto MLTT applies. A $290,000 purchase in Toronto would cost $6,950 in combined LTT, versus just $3,475 in Sault Ste. Marie — a saving of $3,475.
| Scenario | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|
| Buy in Sault Ste. Marie at $290,000 | $2,825 | None | $2,825 |
| Buy in Toronto at $290,000 | $2,825 | $2,825 | $5,650 |
| Savings by buying in Sault Ste. Marie | $2,825 | ||
For a full breakdown of Ontario LTT rules, visit our Ontario Land Transfer Tax guide.
Sault Ste. Marie is a northern Ontario city on the St. Marys River, bordering Michigan. Known for Algoma Steel and strong healthcare employment, the Sault offers excellent value. Popular areas include Ward 1, Ward 2, Steelton, Korah, and Rural Sault. Home prices here are among the lowest in Ontario, making LTT minimal.
Use the calculator above to model the exact Ontario LTT for any purchase price in Sault Ste. Marie.
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No. Only the City of Toronto charges a municipal LTT on top of Ontario's provincial LTT. Since Sault Ste. Marie is in Algoma District 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 Sault Ste. Marie. 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.