Peterborough Land Transfer Tax Calculator 2025

At a Glance — Peterborough (2025)

Median Home Price	$590,000
Ontario LTT at Median	$8,325
First-Time Buyer Rebate (max)	$4,000
Net LTT After Rebate (at median)	$4,325
Toronto Municipal LTT	Not applicable — provincial LTT only

Buying in Peterborough means you pay only Ontario's provincial land transfer tax — there is no Toronto Municipal Land Transfer Tax (MLTT) here. Peterborough buyers save thousands compared to purchasing an equivalent home in Toronto where two layers of LTT apply.

Ontario LTT Calculator — Peterborough

Enter Purchase Price ($)

First-time buyer — Ontario FTB rebate up to $4,000

Purchase Price—

Ontario LTT (Gross)—

FTB Rebate Applied—

Net Ontario LTT Owing—

Ontario Land Transfer Tax Brackets (2025)

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. The total tax is the sum of amounts across all applicable brackets.

First-Time Buyer Rebate in Peterborough

Ontario's First-Time Homebuyer Land Transfer Tax Rebate can save you up to $4,000 on your LTT bill at closing.

Full rebate applies when the purchase price is $368,333 or less
Partial rebate of exactly $4,000 when price exceeds $368,333
All buyers on title must be first-time buyers in Canada
The property must become your principal residence within 9 months of closing
Previously owning a home anywhere in the world disqualifies you

The rebate is applied at the time of registration and reduces the amount payable to the province. There is no separate application needed — your lawyer handles it during the closing process.

Why Peterborough Buyers Save vs. Toronto

Peterborough is in Peterborough County — not within the City of Toronto. That means buyers here pay only Ontario's provincial LTT. A $500,000 purchase in Toronto costs $13,950 in combined LTT (provincial + municipal), while the same purchase in Peterborough costs only $6,475 in provincial LTT alone — a saving of $7,475.

Scenario ($500,000 purchase)	Ontario LTT	Toronto MLTT	Total LTT
Peterborough buyer	$6,475	N/A	$6,475
Toronto buyer	$6,475	$6,475	$12,950
Saving in Peterborough	—	—	$6,475

Free Banking for Peterborough Residents

KOHO gives you a free bank account with no monthly fees and cash back on everyday purchases. Perfect when you're saving for a home in Peterborough. Use code 45ET55JSYA for a bonus.

Get KOHO Free — Use Code 45ET55JSYA

Frequently Asked Questions — Peterborough Land Transfer Tax

Does Peterborough have its own land transfer tax?
Peterborough does not levy a municipal land transfer tax. Only Ontario's provincial LTT applies to property purchases in Peterborough.

When is the land transfer tax paid?
LTT is paid at closing, on the date of registration of the property transfer. Your real estate lawyer collects and remits it on your behalf.

What is the land transfer tax on a $400,000 home in Peterborough?
On a $400,000 purchase, Ontario LTT = $275 + $1,950 + $2,250 = $4,475. A first-time buyer receives the full $4,000 rebate and pays net $475.

Can I finance the land transfer tax with my mortgage?
No. Land transfer tax must be paid in cash at closing. It cannot be rolled into a CMHC-insured mortgage. Budget for it separately as part of your closing costs.