Ontario closing costs calculator

Estimate land transfer taxes, eligible rebates, mortgage-insurance tax, and the cash allowances around closing day.

Illustrative rate set by Abir: 4.49% · Updated Jul 23, 2026

Property location

Buyer profile

Eligibility affects available rebates and insured amortization.

Eligible first-time home buyer

Newly built home

Editable planning allowances

These are not legislated fees. Replace them with quotes when available.

Estimated cash closing costs

$31,450

Estimated cash costs beyond the down payment. The mortgage insurance premium itself is financed; Ontario PST on it is paid in cash.

Ontario land transfer tax: $13,475
Toronto land transfer tax: $13,475
Ontario rebate: −$0
Toronto rebate: −$0
Insurance premium financed: $0
Insurance PST: $0
Other allowances: $4,500
Down payment: $170,000
Total cash required: $201,450

Payment breakdown

Land transfer taxes after rebates: $26,950
Other cash costs: $4,500

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Current Ontario and Toronto tax rules

Toronto purchases include both provincial and municipal land transfer tax. The calculator applies maximum eligible first-time-buyer rebates of $4,000 provincially and $4,475 municipally. Toronto's April 1, 2026 high-value brackets assume a residential property containing one or two single-family residences.

Illustrative estimate only

This estimate excludes adjustments, HST on new construction, inspections, utility setup, non-resident taxes, and lender-specific charges.

Rule set ca-on-2026-07-23, reviewed Jul 23, 2026. Sources: FCAC, CMHC, Ontario, and Toronto.