Closing costs when buying a home in Ontario (2017)

Closing costs — Ontario

Verified Sep 29, 2026

We checked this against the source on Sep 29, 2026.

What does this mean?

0.5 %

Conditions: amounts up to and including $55,000; effective January 1, 2017

Effective from Jan 1, 2017

For city: Toronto

In Ontario, the first Land Transfer Tax bracket charges 0.5% on amounts up to and including $55,000.

Source

Calculating land transfer tax | ontario.ca(opens in new tab) ontario.ca

Quote

amounts up to and including $55,000: 0.5%

Verbatim from the source, in the original language

Retrieved

Sep 29, 2026 — when we fetched the source page

Verified

Sep 29, 2026— when the quote and figures were checked against the source

Next verification

Oct 29, 2026

Plain-language summary — not the legal text; see the quoted source.

Source: Calculating land transfer tax | ontario.ca, ontario.ca. Unofficial copy; the linked original is authoritative.

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