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LTT, legal, title, inspection — illustrative cash to close, not a lawyer quote.
Canada Home buying Free
Canadian home purchase closing cost estimate — combines transfer taxes, fees, and optional CMHC premium.
≈ 20.00% of purchase · Loan before premium: $480,000
Other closing costs
Total closing costs
$13,075
Includes transfer taxes/fees, your editable costs.
Land transfer tax (net)
$8,475
Other costs subtotal
$4,600
| Item | Amount |
|---|---|
Ontario LTT (before rebate) | $8,475.00 |
Legal fees | $1,500.00 |
Title insurance | $300.00 |
Home inspection | $500.00 |
Property tax adjustment Prepaid taxes reimbursed to seller | $800.00 |
Moving costs | $1,500.00 |
Other costs | $0.00 |
| Total | $13,075.00 |
Estimates are approximate and vary by municipality, lender, and individual circumstances. Consult a real estate lawyer for exact closing cost figures.
Closing costs are the one-time charges you pay around your closing date, on top of your down payment. They usually include provincial or municipal land transfer tax (or registration fees where no LTT exists), your lawyer or notary, title insurance, a home inspection, adjustments for prepaid property taxes or utilities, and smaller items such as moving or courier fees. Your lender may also list wire fees or appraisal costs separately. This calculator bundles the most common categories so you can set a realistic cash buffer before you firm up an offer.
Land transfer tax by province varies widely. Ontario, British Columbia, Manitoba, Quebec, Nova Scotia, New Brunswick, and Prince Edward Island levy transfer taxes or deed taxes with different brackets and names (for example, Ontario and Toronto can both apply municipal LTT in the city of Toronto). Alberta, Saskatchewan, and Newfoundland and Labrador do not use a traditional percentage LTT; instead you pay modest land title or registration fees that scale with value or are flat estimates. Always confirm the exact rate sheet for your closing date and location— especially in Quebec where welcome tax brackets can differ by municipality.
First-time buyer programs can reduce the transfer tax bill meaningfully. Ontario and Toronto offer combined rebates up to published caps for eligible buyers, BC provides a full or partial exemption on the provincial property transfer tax in a middle price band, Manitoba caps a rebate on qualifying purchases, and PEI treats a portion of the value differently for first-time buyers. Eligibility is specific: you must typically occupy the home, meet prior-ownership tests, and sometimes apply on time—your lawyer completes the paperwork.
For budgeting, many buyers use 1.5% to 4% of the purchase price as a rule of thumb for total closing costs in cash, then refine with this tool. If your down payment is under 20%, factor in CMHC (or other insurer) premiums: the premium is usually added to your mortgage, so you may not pay it at the lawyer's table, but it increases your loan balance and monthly payment. Build a small cushion beyond the estimate for unexpected disbursements or last-minute adjustments.
Closing costs in Canada typically range from 1.5% to 4% of the purchase price. On a $600,000 home, expect $9,000–$24,000 in closing costs, including land transfer tax, legal fees, title insurance, and home inspection.
Land transfer tax is a provincial tax paid when you purchase a home. Most provinces charge it — Ontario, BC, Manitoba, Quebec, and others. Alberta and Saskatchewan do not have LTT but charge smaller title registration fees.
Yes. Ontario offers up to $4,000 rebate, Toronto adds up to $4,475, BC offers full exemption up to $500,000, Manitoba up to $1,680, and PEI offers a partial exemption. Eligibility conditions apply.
Budget $1,200–$2,000 for a real estate lawyer in Canada. Legal fees cover title search, mortgage registration, document preparation, and closing. Disbursements (out-of-pocket costs) are charged on top.
CMHC mortgage insurance is required when your down payment is less than 20%, but the premium is added to your mortgage rather than paid at closing. It does not need to be paid upfront, though it increases your total mortgage amount.