Closing Cost Calculator — Toronto, Ontario
Buying a home in Toronto? Don't be surprised by closing costs. Our calculator estimates every fee — land transfer tax, legal fees, title insurance, and more — specific to Toronto, Ontario. Includes Toronto's municipal land transfer tax.
Frequently Asked Questions — Closing Cost Calculator in Toronto
What are typical closing costs in Toronto, Ontario?▼
Closing costs in Toronto typically range from 1.5% to 4% of the purchase price. They include land transfer tax, legal fees ($1,500–$2,500), title insurance ($300–$500), and home inspection fees. Toronto residents pay both Ontario provincial and Toronto municipal land transfer tax.
Do I need to pay land transfer tax in Toronto?▼
Toronto residents pay both Ontario provincial and Toronto municipal land transfer tax. First-time home buyers may qualify for rebates of up to $4,000 on provincial LTT and up to $4,475 on Toronto municipal LTT.
How much should I budget for closing costs in Toronto?▼
Budget 2–4% of your purchase price for closing costs in Toronto. On a $600,000 home, expect $12,000–$24,000 in closing costs. Use our calculator for an exact Toronto estimate including all fees and taxes.