No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
All closing costs calculated — land transfer tax, legal fees, CMHC, inspection, and more. Budget accurately for your Oakville purchase.
Buying in Oakville means preparing for closing costs well beyond the purchase price. At the median price of $1,250,000, a buyer should budget approximately $25,000–$30,000 in closing costs (excluding down payment). The largest single cost is Ontario's land transfer tax — thankfully no Toronto MLTT applies in Halton Region.
| Cost Item | Typical Amount | Notes |
|---|---|---|
| Ontario Land Transfer Tax | ~$21,475 on $1.25M | Provincial only — no Toronto MLTT in Oakville |
| First-Time Buyer LTT Rebate | Up to -$4,000 | If eligible |
| Legal fees (real estate lawyer) | $1,500–$2,500 | Title search, registration, disbursements |
| Title insurance | $200–$400 | One-time, typically arranged by lawyer |
| Home inspection | $500–$800 | Strongly recommended in all markets |
| Property tax adjustment | Varies | Buyer reimburses seller for prepaid taxes |
| CMHC mortgage insurance | 2.8%–4% of mortgage | If less than 200% down; added to mortgage |
| Moving costs | $1,500–$5,000 | Local move; higher for long-distance |
| Home insurance (first year) | $1,000–$2,500 | Required before closing with mortgage |
| Utility/account setup fees | $200–$500 | Hydro, gas, water connections |
| Estimated Total (no CMHC) | ~$25,000–$30,000 | On a $1.25M Oakville home |
In Oakville's competitive housing market, every dollar saved counts. KOHO gives you a no-fee bank account with cash back on groceries, gas, and transit. Use code BREMO2026 for a bonus.
Get KOHO Free — Use Code BREMO2026| Cost | Oakville ($1.25M) | Toronto ($1.25M) | Oakville Savings |
|---|---|---|---|
| Land Transfer Tax (gross) | $21,475 | $42,9500 | $21,475 |
| Legal fees | ~$2,000 | ~$2,000 | $00 |
| Home inspection | ~$650 | ~$650 | $00 |
| Title insurance | ~$300 | ~$300 | $00 |
| Total Closing (approx) | ~$26,000 | ~$47,500 | ~$21,500 |