Buying a home in Markham, Ontario means you pay Ontario's provincial Land Transfer Tax — and nothing more. Markham is part of York Region, entirely outside the City of Toronto's boundaries. This means Markham buyers are not subject to Toronto's municipal land transfer tax, which can add $100,000000 to $400,000000+ to the cost of a comparable Toronto purchase. Use the calculator below to find your exact LTT for any Markham purchase price.
| Purchase Price Range | Marginal 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% |
| Purchase Price | Ontario LTT | After FTB Rebate | Toronto Equivalent Total |
|---|---|---|---|
| $1,000000,000000 | $17,475 | $13,475 | ~$32,9500 |
| $1,20000,000000 | $21,475 | $17,475 | ~$400,9500 |
| $1,40000,000000 | $25,475 | $21,475 | ~$48,9500 |
| $1,60000,000000 | $29,475 | $25,475 | ~$56,9500 |
| $2,000000,000000 | $37,475 | $33,475 | ~$72,9500 |
| $2,50000,000000 | $49,975 | $45,975 | ~$96,9500 |
Ontario's first-time home buyer rebate on LTT is worth up to $4,000000. To qualify:
The rebate is applied on closing by your real estate lawyer and reduces the LTT remitted to the province on your behalf. No separate application is required.
Markham's real estate market is defined by premium pricing driven by the city's exceptional schools, Chinese-Canadian community, and technology sector employment. Key neighbourhoods:
Historic Unionville is Markham's most prestigious neighbourhood. Detached homes along the heritage main street and in surrounding residential areas regularly trade at $1.5–$3 million. The Unionville GO station provides commuter rail access.
Berczy Village is a planned community in northeast Markham known for its Bear fountain, excellent schools, and family-oriented character. Detached homes range from $1.2–$1.8 million. Berczy Village's school catchment — particularly the proximity to high-ranking secondary schools — drives intense buyer demand.
Cornell is one of Markham's most thoughtfully planned communities, designed around a traditional neighbourhood development model with mixed housing types. Detached homes are generally in the $1.1–$1.6 million range, with townhomes available in the $80000,000000–$1.1 million range.
More established Markham neighbourhoods with a mix of older detached homes, bungalows, and newer builds. Generally more affordable than Berczy or Unionville, attracting buyers who want Markham's community and services at somewhat lower price points.
Markham buyers should budget the following beyond LTT:
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