Ontario closing costs calculator
Closing costs are the cash you need on top of your down payment. The taxes are fixed by law, so we calculate them. Lawyer, title insurance, inspection and appraisal fees vary, so add the quotes you get.
What goes into the total
Set by law (calculated for you)
- Ontario land transfer tax, minus the first-time buyer refund of up to $4,000. Same math as our land transfer tax calculator.
- Toronto MLTT, minus the first-time buyer rebate of up to $4,475, if the home is in Toronto.
- Toronto MLTT administration fee: the City lists $102.56 plus HST (13% in Ontario) per transaction.
- 8% Ontario sales tax on the CMHC premium if you put down less than 20%. The premium goes on the mortgage, but the tax is due in cash. See the CMHC calculator.
Varies by provider (enter your quotes)
We leave lawyer, title insurance, inspection and appraisal fees blank on purpose. No official source publishes standard prices for them in Ontario, and a made-up average would be worse than none. Get two or three quotes. Your lawyer's statement of adjustments will show prepaid property tax or utilities you owe the seller.
As a rough check, CMHC tells buyers to budget closing costs of 1.5% to 4% of the purchase price. The result shows that range for your price.
How it is calculated
closing costs = Ontario LTT (net) + Toronto MLTT (net) + MLTT admin fee × 1.13
+ 8% × CMHC premium (if insured) + your entered quotes
cash needed at closing = closing costs + down paymentThis is an estimate for general information. It is not advice about your situation. Check the final numbers with your lender, your real estate lawyer, or the official source.
Sources
- Ontario Ministry of Finance: Calculating land transfer tax (updated April 22, 2026)
- Ontario Ministry of Finance: Land transfer tax refunds for first-time homebuyers (updated February 10, 2026)
- City of Toronto: MLTT and MNRST rates and fees (modified April 7, 2026)
- City of Toronto: MLTT rebate opportunities (modified December 18, 2025)
- CMHC: Mortgage loan insurance cost (premium table)
- CMHC: General requirements to qualify (GDS/TDS, closing costs 1.5% to 4%)
- Ontario Ministry of Finance: Retail sales tax (8% on insurance premiums)
- Canada Revenue Agency: GST/HST rates (Ontario 13%)
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