Closing Cost & Land Transfer Tax Estimator

The bill that shows up after "sold."

Get a realistic estimate of what you'll actually pay on closing day — beyond the purchase price — so there are no surprises when your lawyer sends the final number.

Why this matters

Most first-time buyers budget for the down payment and stop there. But closing day comes with its own bill, separate from the purchase price — land transfer tax, legal fees, title insurance, an inspection — and it's due in cash, on top of everything else. People are regularly caught off guard by this, sometimes by thousands of dollars.

Land transfer tax is usually the biggest surprise. It's a tax the government charges you for buying the property, calculated on a sliding scale — and if you're buying in Toronto, you pay it twice: once to the province, once to the city.

Running the numbers ahead of time means you know your real "cash needed to close" figure, not just the down payment — so you're not scrambling to find extra money in the final days before you get the keys.

The Purchase

Purchase price

City

Ontario(outside Toronto)Toronto

Toronto's municipal tax mirrors the provincial brackets up to $3M, then uses Toronto's own luxury-home rates above that (current as of April 2026).

I'm a first-time buyer

Legal feestypical estimate, editable

Title insurancetypical estimate, editable

Home inspectiontypical estimate, editable

Cash Needed to Close

$12,175

Total closing costs, on top of your down payment

Ontario land transfer tax$9,475

Legal fees$1,800

Title insurance$400

Home inspection$500

Budget roughly 1.9% of the purchase price for closing costs, on top of your down payment.

What these numbers mean

Land transfer tax

A tax charged by the province (and, in Toronto, the city too) based on your purchase price, on a sliding scale — the more expensive the property, the higher the rate on the top portion of the price.

First-time buyer rebate

A credit that reduces or eliminates your land transfer tax if this is your first home. It's applied automatically at closing by your lawyer if you qualify — this just shows you the estimated value ahead of time.

Legal fees & title insurance

What you pay a real estate lawyer to handle the transaction, plus insurance protecting you against title defects or fraud on the property. Both are pretty standard regardless of price.

Ontario properties only — other provinces (BC, Alberta, Quebec, etc.) use different land transfer tax rules entirely and aren't modeled here. Estimates only; confirm exact figures with your real estate lawyer before closing.

Why this matters