The Closing-Cost Calculator

The purchase price is step one. Here's the other bill — land transfer tax, Toronto's municipal tax, the rebates you're owed, and the closing-day costs that never make the listing. Set your price, see the total.

Purchase price ($)

Where

First-time buyer (never owned a home, anywhere)

Adjust these to your quotes — typical published Ontario figures:

Legal fees ($ + 13% HST)

Title insurance ($)

Disbursements — searches, registrations ($)

Straightforward resale, 1–2 unit residential. Land transfer tax is statutory and lands on closing day; the three lines above are typical estimates you can overwrite.

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Ontario land transfer tax

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First-time buyer refund — Ontario

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Toronto municipal tax (MLTT)

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First-time buyer refund — Toronto

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MLTT administration fee

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Legal fees, incl. HST

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Title insurance

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Disbursements

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Not included: adjustments (prepaid taxes and utilities settle through your statement of adjustments), moving, and — for new builds — HST on the price (rebate rules apply; this tool covers resale). Non-resident buyer? Ontario NRST (25%) and Toronto MNRST (10%) apply on top.

Sources & assumptions

Ontario LTT bands + 2.5% on the excess over $2M (1–2 unit residential): ontario.ca — Calculating Land Transfer Tax (updated Apr 2026).
First-time buyer refund up to $4,000 (never owned anywhere; proportionate for mixed co-buyers): ontario.ca — LTT refunds for first-time homebuyers.
Toronto MLTT bands + high-value tiers (4.40%–8.60%, from Apr 1 2026), $102.56+HST admin fee, $4,475 FTHB rebate: toronto.ca — MLTT Rates & Fees (updated Apr 7, 2026).
Legal fees, title insurance and disbursement lines: published Ontario firm examples — Barbarian Law ($1,650 + HST purchase, incl. one mortgage) and Kelly Santini LLP (disbursement and title-insurance schedule).
Rent equivalence: CMHC Fall 2025 average turnover 2-bedroom rent, Toronto (~$2,540/mo).
Bands and fees verified October 2026. Estimates only — not an appraisal, not advice, not an offer of brokerage services. Your lawyer's statement of adjustments is the final word.

What next?

Selling too? The Toll Calculator prices the commission side — the other half of the bill.
Wondering what a lender will allow? Run the Affordability Checker — stress test, insurance premium, the 39/44 caps.
Buying without an agent? Run the Co-op-Off Calculator, and check your position with the Leverage Scorer.
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