Closing costs are the expenses beyond your down payment that you must pay to complete a home purchase. They vary significantly by province — mainly due to land transfer tax differences. Use this guide to estimate your total closing costs based on where you are buying.
Closing cost summary by province
| Province | LTT on $500K Home | LTT on $700K Home | Total Closing Costs ($500K) | Total Closing Costs ($700K) |
|---|---|---|---|---|
| Ontario | $6,475 | $10,475 | $12,500–$16,000 | $17,500–$21,500 |
| British Columbia | $8,000 | $13,000 | $14,000–$17,500 | $20,000–$24,000 |
| Quebec | $4,500 (welcome tax) | $7,500 | $11,500–$15,000 | $15,500–$19,000 |
| Manitoba | $5,150 | $8,750 | $11,500–$14,500 | $16,000–$19,500 |
| Nova Scotia | $7,500 (deed transfer) | $10,500 | $13,000–$16,500 | $17,500–$21,000 |
| New Brunswick | $5,000 | $7,000 | $10,500–$13,500 | $14,000–$17,500 |
| Newfoundland | $2,000 | $4,000 | $7,500–$10,500 | $11,000–$14,000 |
| PEI | $5,000 | $7,000 | $10,500–$13,500 | $14,000–$17,500 |
| Saskatchewan | $0 (no LTT) | $0 | $6,500–$9,500 | $8,500–$11,500 |
| Alberta | $0 (no LTT) | $0 | $5,500–$8,000 | $7,000–$10,000 |
*Toronto buyers pay an additional Municipal Land Transfer Tax on top of the Ontario provincial tax.
Universal closing costs (every province)
These costs apply regardless of which province you are buying in:
| Cost | Typical Range | Notes |
|---|---|---|
| Legal fees | $1,500–$2,500 | Real estate lawyer for title search, document preparation, registration |
| Title insurance | $300–$500 | Protects against title defects, survey issues, fraud |
| Home inspection | $400–$600 | Pre-purchase inspection ($350–$500 for condo, $400–$600 for house) |
| Appraisal fee | $300–$500 | Only if required by lender (often waived for insured mortgages) |
| Property tax adjustment | Varies | Reimburse seller for property taxes prepaid beyond closing date |
| Utility adjustments | $100–$500 | Water, sewer, heating fuel prepaid by seller |
| Moving costs | $1,000–$5,000 | Depends on distance and volume |
| Home insurance | $1,200–$3,000/year | First year’s premium typically paid before closing |
CMHC insurance PST (additional cash cost)
If your mortgage is insured (less than 20% down), some provinces charge PST on the CMHC insurance premium. This must be paid in cash at closing:
| Province | PST Rate | PST on $19,000 Premium | PST on $13,950 Premium |
|---|---|---|---|
| Ontario | 8% | $1,520 | $1,116 |
| Quebec | 9% | $1,710 | $1,256 |
| Manitoba | 7% | $1,330 | $977 |
| Saskatchewan | 6% | $1,140 | $837 |
| All other provinces | 0% | $0 | $0 |
Premium examples: $19,000 = $500K home with 5% down; $13,950 = $500K home with 10% down.
First-time buyer exemptions and rebates
Several provinces offer land transfer tax exemptions or rebates for first-time buyers:
| Province | First-Time Buyer Benefit | Maximum Savings |
|---|---|---|
| Ontario | Full LTT refund on homes up to $368,000; partial on $368,001–$500,000 | Up to $4,000 provincial |
| Toronto | Municipal LTT rebate for first-time buyers | Up to $4,475 city tax |
| British Columbia | PTT exemption on homes up to $500,000; partial $500,001–$525,000 | Up to $8,000 |
| PEI | No first-time buyer exemption | — |
| Quebec | No first-time buyer welcome tax exemption (some municipal programs exist) | Varies |
Complete closing cost checklist
Use this checklist to ensure you budget for everything:
Before closing:
- Home inspection fee ($400–$600)
- Appraisal fee if required ($300–$500)
- Mortgage application fee if applicable ($0–$300)
- Home insurance deposit (first year: $1,200–$3,000)
- Deposit with offer (typically 5% of purchase price — this comes from your down payment)
On closing day:
- Remaining down payment balance
- Land transfer tax (minus any first-time buyer rebate)
- Legal fees ($1,500–$2,500)
- Title insurance ($300–$500)
- Property tax adjustment
- Utility adjustments
- PST on CMHC insurance premium (if applicable)
- Condo status certificate fee ($100 — if buying a condo)
After closing:
- Moving costs ($1,000–$5,000)
- Immediate repairs or maintenance
- New locks and keys ($200–$500)
- Utility connection/transfer fees
- Post office mail forwarding ($100/year)
Provincial closing cost calculators
Click your province for a detailed breakdown with exact formulas:
- Ontario Closing Costs — Provincial LTT + Toronto Municipal LTT, first-time buyer rebate
- British Columbia Closing Costs — Property Transfer Tax, first-time buyer exemption, newly built exemption
- Quebec Closing Costs — Welcome tax (droits de mutation), notary fees, certificate of location
- Alberta Closing Costs — No LTT, land title transfer fee, mortgage registration
- Manitoba Closing Costs — LTT brackets, first-time buyer exemption (homes under $500K)
- Saskatchewan Closing Costs — No LTT, land title fees, mortgage registration
- Nova Scotia Closing Costs — Deed transfer tax (varies by municipality), Halifax vs rural rates
- New Brunswick Closing Costs — Real property transfer tax at 1%
- Newfoundland Closing Costs — Registration of deeds tax
- PEI Closing Costs — Real property transfer tax at 1%
Related pages
- What Are Closing Costs in Canada?
- Closing Costs Calculator
- CMHC Insurance Calculator
- How Much Do I Need for a Down Payment in Canada?
- First-Time Home Buyer Mistakes to Avoid
- What to Expect on Closing Day
- Land Transfer Tax Calculator Guide
- Property Tax Calculator Guide
Decision framework
A strong hub helps readers choose a path quickly instead of reading every article linearly. Start by mapping your situation, time horizon, and risk tolerance, then pick the relevant subtopic branch.
| Decision input | What to clarify first |
|---|---|
| Time horizon | Immediate action, this year, or long-term planning |
| Financial impact | High-stakes decision or low-stakes optimization |
| Complexity level | Simple setup, moderate comparison, or advanced strategy |
| Evidence needed | Rule-of-thumb decision or data-backed model |
When the decision has tax, legal, or debt implications, prioritize the framework articles first and then move into specific calculators and implementation guides.
Implementation checklist
Use this checklist to translate research into execution:
- Define the exact outcome you are trying to achieve.
- Collect baseline numbers before changing strategy.
- Compare at least two practical options using the same assumptions.
- Document your final decision and next review date.
- Revisit after any major income, family, rate, or policy change.
Most mistakes come from skipping the baseline and jumping directly to action. A documented process improves decision quality and reduces costly reversals.
Common mistakes and how to avoid them
| Common mistake | Better approach |
|---|---|
| Chasing one metric in isolation | Evaluate full cash-flow, tax, and risk impact |
| Using generic assumptions | Adapt inputs to your province, income, and timeline |
| Delaying implementation too long | Start with a conservative version and refine quarterly |
| Ignoring downside scenarios | Test best case, base case, and stress case |
A hub page should function like a control panel: clear sequencing, practical ranges, and explicit trade-offs for real-world decisions.
Tracking metrics that matter
Track a small set of indicators so you can adjust early:
- Net monthly cash-flow impact n- Effective tax rate or fee drag where relevant
- Debt and savings progress against target timeline
- Risk exposure (rate sensitivity, concentration, liquidity)
- Decision review cadence (monthly, quarterly, annually)
If the chosen strategy underperforms for two consecutive review periods, reassess assumptions before adding complexity.
Annual review cadence
A structured annual review keeps Closing Cost Calculator Canada — Every Province (2026) current and actionable:
| Review window | Priority actions |
|---|---|
| Q1 | Update limits, rates, and policy changes |
| Q2 | Rebalance plans based on year-to-date progress |
| Q3 | Stress-test assumptions for next year |
| Q4 | Execute deadline-sensitive actions and optimize carry-forward items |
This cadence turns one-time reading into an operating system for better long-term outcomes.
Decision framework
A strong hub helps readers choose a path quickly instead of reading every article linearly. Start by mapping your situation, time horizon, and risk tolerance, then pick the relevant subtopic branch.
| Decision input | What to clarify first |
|---|---|
| Time horizon | Immediate action, this year, or long-term planning |
| Financial impact | High-stakes decision or low-stakes optimization |
| Complexity level | Simple setup, moderate comparison, or advanced strategy |
| Evidence needed | Rule-of-thumb decision or data-backed model |
When the decision has tax, legal, or debt implications, prioritize the framework articles first and then move into specific calculators and implementation guides.
Implementation checklist
Use this checklist to translate research into execution:
- Define the exact outcome you are trying to achieve.
- Collect baseline numbers before changing strategy.
- Compare at least two practical options using the same assumptions.
- Document your final decision and next review date.
- Revisit after any major income, family, rate, or policy change.
Most mistakes come from skipping the baseline and jumping directly to action. A documented process improves decision quality and reduces costly reversals.
Common mistakes and how to avoid them
| Common mistake | Better approach |
|---|---|
| Chasing one metric in isolation | Evaluate full cash-flow, tax, and risk impact |
| Using generic assumptions | Adapt inputs to your province, income, and timeline |
| Delaying implementation too long | Start with a conservative version and refine quarterly |
| Ignoring downside scenarios | Test best case, base case, and stress case |
A hub page should function like a control panel: clear sequencing, practical ranges, and explicit trade-offs for real-world decisions.
Tracking metrics that matter
Track a small set of indicators so you can adjust early:
- Net monthly cash-flow impact n- Effective tax rate or fee drag where relevant
- Debt and savings progress against target timeline
- Risk exposure (rate sensitivity, concentration, liquidity)
- Decision review cadence (monthly, quarterly, annually)
If the chosen strategy underperforms for two consecutive review periods, reassess assumptions before adding complexity.
Browse All Closing Cost Calculator Canada — Every Province (2026) Articles
Browse all 10 articles in this section.
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- Closing Costs in Alberta — Calculator & Complete Guide (2026)
- Closing Costs in British Columbia — Complete Calculator (2026)
- Closing Costs in Manitoba — Complete Calculator (2026)
- Closing Costs in New Brunswick — Complete Calculator (2026)
- Closing Costs in Newfoundland & Labrador — Complete Calculator (2026)
- Closing Costs in Nova Scotia — Complete Calculator (2026)
- Closing Costs in Ontario — Calculator & Guide (2026)
- Closing Costs in PEI — Complete Calculator (2026)
- Closing Costs in Quebec — Complete Calculator (2026)
- Closing Costs in Saskatchewan — Complete Calculator (2026)