Closing costs in Ontario, the 2026 line-by-line breakdown.

The total: budget 2.5,4% of purchase price

On a $750,000 GTA purchase: roughly $20K,$30K in closing costs on top of your down payment. Toronto purchases land at the higher end because of the additional municipal LTT.

Line-by-line on a $750,000 home

Outside Toronto (Mississauga, Brampton, Milton, Oakville)

• Provincial land transfer tax: $11,475
• Less first-time buyer rebate: −$4,000
• Net provincial LTT: $7,475
• Legal fees + disbursements: $1,800,$2,500
• Title insurance: $250,$500
• Home inspection: $450,$700
• Appraisal (if required): $400,$600
• Property tax adjustment: varies (reimburse seller for prepaid portion)
• Utility adjustments: $100,$300
• Estimated total: $10,500,$12,000

Inside Toronto (416)

• Provincial LTT (after first-time rebate): $7,475
• Toronto municipal LTT: $11,475
• Less Toronto first-time buyer rebate: −$4,475
• Net Toronto LTT: $7,000
• Other costs (legal, title, inspection, etc.): $3,000,$4,500
• Estimated total: $17,500,$19,000

Land transfer tax, the math

Ontario's provincial LTT is tiered:

• 0.5% on first $55,000
• 1.0% on $55,001, $250,000
• 1.5% on $250,001, $400,000
• 2.0% on $400,001, $2,000,000
• 2.5% on the portion above $2,000,000 (for single-family residential)

Toronto's municipal LTT mirrors these tiers separately. Yes, Toronto buyers pay roughly double.

First-time buyer rebates

• Provincial LTT rebate: up to $4,000
• Toronto municipal LTT rebate: up to $4,475
• First-Time Home Buyer Tax Credit: $1,500 (claimed on your tax return, not at closing)

Costs after closing (the 'forgot about these' line)

• Movers ($500,$2,500)
• Property tax for the rest of the year
• Home insurance (annual, often required to fund at closing)
• Utility setup deposits
• Immediate repairs/paint identified during inspection

Companion guides

How to buy a house in Ontario →
Minimum down payment Ontario →
First-time buyer GTA guide →