Due in cash on closing — this is separate from your down payment. Your real estate lawyer calculates the exact figure and applies rebates automatically.
Every home purchase in Ontario is subject to a provincial land transfer tax, calculated on a marginal scale so each portion of the price is taxed at its own rate. If the home is inside the City of Toronto, you also pay a municipal land transfer tax that roughly mirrors the provincial one — which is why Toronto buyers effectively pay it twice, while buyers in Vaughan, Mississauga, Markham, and the rest of the 905 pay only the provincial tax.
First-time buyers can claim up to $4,000 back provincially and up to $4,475 municipally in Toronto. For the full breakdown of rates, rebates, and what to budget, read our complete guide to land transfer tax in Toronto & the GTA.
Estimates only, based on 2026 rates for a single-family residence. Not tax or legal advice — confirm the exact amount with your real estate lawyer.
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