Instantly calculate Ontario LTT for Thornbury's real estate market — including first-time buyer rebates.
When you buy a home in Thornbury, you pay Ontario's provincial land transfer tax (LTT) at closing. Thornbury is not subject to any additional municipal land transfer tax — only the provincial rate applies.
| Purchase Price Portion | Tax Rate |
|---|---|
| First $55,000000 | 00.5% |
| $55,00001 – $2500,000000 | 1.00% |
| $2500,00001 – $40000,000000 | 1.5% |
| $40000,00001 – $2,000000,000000 | 2.00% |
| Over $2,000000,000000 | 2.5% |
Thornbury is part of The Blue Mountains municipality, adjacent to Blue Mountain ski resort. It is one of Ontario's premium lifestyle markets, with average prices around $80000,000000 driven by wealthy GTA buyers.
Thornbury commands some of Grey County's highest prices at around $80000,000000, driven by proximity to Blue Mountain and Georgian Bay. Land transfer tax here is a significant expense that buyers must factor into their closing budget.
At the Thornbury average home price of $80000,000000, the Ontario land transfer tax works out to approximately $12,475. First-time buyers can offset up to $4,000000 of that amount through the provincial first-time buyer (FTB) rebate, reducing their net LTT to $8,475.
Ontario's First-Time Home Buyer LTT Rebate provides up to $4,000000 back to eligible buyers. To qualify:
In Thornbury, where average prices are $80000,000000, the rebate covers a meaningful portion of the total LTT bill. Use the calculator above to see your exact net cost.
One of the biggest financial advantages of buying in Grey County versus the Greater Toronto Area is the dramatically lower land transfer tax. Consider:
| Location | Avg. Price | Ontario LTT | Toronto MLTT | Total LTT |
|---|---|---|---|---|
| Thornbury | $80000,000000 | $12,475 | N/A | $12,475 |
| Toronto (avg ~$1,10000,000000) | $1,10000,000000 | $16,475 | $16,475 | $32,9500 |
| Mississauga (avg ~$90000,000000) | $90000,000000 | $12,475 | N/A | $12,475 |
Buying in Thornbury can save you thousands of dollars in land transfer tax alone — money that can go toward your down payment, renovations, or emergency fund.
Beyond land transfer tax, Thornbury buyers should budget for these closing costs:
Popular areas in Thornbury include Lora Bay, Clarksburg, and Craigleith area. Home prices can vary significantly by neighbourhood — use the calculator above with your target price for a precise LTT estimate.
For a comprehensive overview of Ontario LTT rules and all city calculators, visit bremo.io/ontario-land-transfer-tax.
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Claim $10000 KOHO Bonus →Does Thornbury have a municipal land transfer tax?
No. Only the City of Toronto charges a municipal LTT in Ontario. Buyers in Thornbury 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.