Closing Cost Summary by Province Province Land Transfer Tax Legal Fees Title Insurance Home Inspection Other Fees Total on $500K Ontario $6,475 $1,500–$2,500 $300–$500 $400–$600 $500–$1,000 $9,175–$11,075 Ontario (Toronto) $12,950 $1,500–$2,500 $300–$500 $400–$600 $500–$1,000 $15,650–$17,550 British Columbia $8,000 $1,200–$2,000 $300–$500 $400–$600 $200–$500 $10,100–$11,600 Alberta $0 $1,000–$1,800 $300–$500 $400–$600 $300–$600 $2,000–$3,500 Quebec $5,000 $1,500–$2,500 Not common $400–$600 $500–$700 $7,400–$8,800 Manitoba $5,150 $1,000–$1,800 $300–$500 $400–$600 $200–$400 $7,050–$8,450 Saskatchewan $0 $1,000–$1,800 $300–$500 $400–$600 $200–$400 $1,900–$3,300 Nova Scotia $7,500 $1,200–$2,000 $300–$500 $400–$600 $200–$400 $9,600–$11,000 New Brunswick $5,000 $1,000–$1,800 $300–$500 $400–$600 $200–$400 $6,900–$8,300 PEI $5,000 $1,000–$1,800 $300–$500 $400–$600 $200–$400 $6,900–$8,300
Land Transfer Tax by Province Ontario Land Transfer Tax Property Value Portion Tax Rate Cumulative on $500K First $55,000 0.5% $275 $55,001–$250,000 1.0% $2,225 $250,001–$400,000 1.5% $4,475 $400,001–$2,000,000 2.0% $6,475 Over $2,000,000 2.5% —
Toronto Municipal Land Transfer Tax (additional):
Property Value Portion Tax Rate Cumulative on $500K First $55,000 0.5% $275 $55,001–$250,000 1.0% $2,225 $250,001–$400,000 1.5% $4,475 $400,001–$2,000,000 2.0% $6,475 Over $2,000,000 2.5% —
Total land transfer tax on $500K in Toronto: $12,950
Ontario First-Time Home Buyer Rebate Program Amount Eligibility Provincial LTT rebate Up to $4,000 First-time buyer, must live in home Toronto municipal LTT rebate Up to $4,475 First-time buyer, buying in Toronto Maximum combined rebate Up to $8,475 —
British Columbia Property Transfer Tax Property Value Portion Tax Rate Cumulative on $500K First $200,000 1.0% $2,000 $200,001–$2,000,000 2.0% $8,000 $2,000,001–$3,000,000 3.0% — Over $3,000,000 5.0% —
BC First-Time Buyer Exemption: Full exemption on homes up to $500,000. Partial exemption on $500,001–$525,000.
Quebec Welcome Tax (Droits de Mutation) Property Value Portion Tax Rate Cumulative on $500K First $58,900 0.5% $295 $58,901–$294,600 1.0% $2,652 $294,601–$500,000 1.5% $5,733 Over $500,000 2.0% —
Montreal adds 0.5% for properties over $750,000, and 1.0% over $1M.
Alberta — No Land Transfer Tax Alberta does not charge land transfer tax. The only transfer cost is the land title registration fee ($50 + $2 per $5,000 of property value) — approximately $250 on a $500K property.
Manitoba Land Transfer Tax Property Value Portion Tax Rate Cumulative on $500K First $30,000 0% $0 $30,001–$90,000 0.5% $300 $90,001–$150,000 1.0% $900 $150,001–$200,000 1.5% $1,650 Over $200,000 2.0% $7,650
Nova Scotia Deed Transfer Tax Rate Details 1.5% of purchase price Flat rate across the province On $500,000 $7,500 No first-time buyer exemption Full amount applies
Complete Closing Cost Breakdown Common Closing Costs (All Provinces) Cost Amount Required? Legal fees $1,000–$2,500 ✅ Yes Title insurance $300–$500 Recommended (required by most lenders) Home inspection $400–$600 Highly recommended Appraisal fee $300–$500 Usually paid by lender Land survey/title search $200–$500 Sometimes needed Property tax adjustmentVaries Prorated from seller at closing Utility adjustments $100–$300 Prorated at closing Mortgage default insurance (CMHC) 2.8–4.0% of mortgage If less than 20% down (added to mortgage) Moving costs $500–$2,000 Not a closing cost, but budget for it
Optional/Situational Costs Cost Amount When Required PST on CMHC insurance (Ontario) 8% of premium Ontario only, on CMHC premium Estoppel certificate/status cert $100–$300 Condo purchases Interest adjustment Varies Between closing and first payment Property tax holdback 1–3 months New construction sometimes Builder tarion warranty (ON) $600–$1,000 New construction in Ontario GST/HST on new home5–13% New construction only New home rebate Up to $24,000 New construction (GST/HST rebate)
Total Closing Costs by Purchase Price Ontario (Outside Toronto) Purchase Price Land Transfer Tax Legal + Title Other Costs Total % of Price $300,000 $2,975 $2,000 $1,000 $5,975 2.0% $500,000 $6,475 $2,000 $1,000 $9,475 1.9% $700,000 $10,475 $2,000 $1,000 $13,475 1.9% $1,000,000 $16,475 $2,500 $1,000 $19,975 2.0%
Toronto (Double Land Transfer Tax) Purchase Price Provincial + Municipal LTT Legal + Title Other Costs Total % of Price $500,000 $12,950 $2,000 $1,000 $15,950 3.2% $700,000 $18,475 $2,000 $1,000 $21,475 3.1% $1,000,000 $28,975 $2,500 $1,000 $32,475 3.2%
Alberta Purchase Price Land Transfer Tax Legal + Title Other Costs Total % of Price $300,000 $0 $1,500 $1,000 $2,500 0.8% $500,000 $0 $1,500 $1,000 $2,500 0.5% $700,000 $0 $1,800 $1,000 $2,800 0.4% $1,000,000 $0 $2,000 $1,000 $3,000 0.3%
British Columbia Purchase Price Property Transfer Tax Legal + Title Other Costs Total % of Price $500,000 $8,000 $1,500 $1,000 $10,500 2.1% $700,000 $12,000 $1,800 $1,000 $14,800 2.1% $1,000,000 $18,000 $2,000 $1,000 $21,000 2.1%
First-Time Home Buyer Savings Province LTT Rebate/Exemption Maximum Savings Ontario (provincial) Rebate up to $4,000 $4,000 Toronto (municipal) Rebate up to $4,475 $4,475 British Columbia Full exemption up to $500K $8,000 PEI Full exemption up to $200K $2,000 Manitoba None $0 Quebec None $0 Alberta No LTT exists N/A Saskatchewan No LTT exists N/A
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