Nunavut charges no territorial land transfer tax. Here's what Nunavut buyers pay instead — and how much they save vs. Ontario or BC.
| Jurisdiction | LTT on Selected Price | Notes |
|---|---|---|
| Nunavut | $0 | No territorial LTT |
| Yukon | $0 | No territorial LTT |
| NWT | $0 | No territorial LTT |
| Ontario | $7,475 | Provincial LTT |
| BC | $9,000 | Property Transfer Tax |
No. Nunavut does not impose a territorial land transfer tax on property purchases. Like the Yukon and Northwest Territories, Nunavut buyers avoid the potentially significant LTT costs faced by buyers in Ontario, BC, Quebec, and other provinces. This is one of the few financial advantages of the territory's otherwise high-cost housing environment.
Instead of an LTT, Nunavut buyers pay a land title registration fee to record the transfer with the Nunavut Land Titles Office (administered through the federal government's northern land registry system). This fee is calculated based on property value and is modest — typically $400–$700 for most residential purchases.
For context: an Iqaluit buyer purchasing a $600,000 home pays $0 in territorial LTT and approximately $600 in registration fees. An Ontario buyer purchasing the same $600,000 home would pay $8,475 in provincial LTT, plus a potential Toronto municipal LTT of an additional $8,475 if purchasing in the city. The difference is dramatic.
First-time buyers in Nunavut should investigate all available programs before closing. The Nunavut Housing Corporation offers homeownership assistance and subsidized mortgage programs. Federal programs including the FHSA and Home Buyers' Plan are also available to eligible Nunavut buyers.
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Claim $100 Bonus →| Property Value | Approximate Registration Fee |
|---|---|
| $300,000 | ~$400 |
| $500,000 | ~$550 |
| $700,000 | ~$700 |
| $1,000,000 | ~$950 |
Confirm current fees with your real estate lawyer or the Nunavut land registry prior to closing, as fee schedules are subject to change.