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(416) 699-0303 [email protected]

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1945 Queen St E
Toronto ON M4L 1H7

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Land Transfer Tax

Understanding Property Tax

Buying a home in The Beaches is more than a real estate decision — it’s a lifestyle one. The rhythm of Queen Street East, the lake air, the sense of community — it’s easy to get caught up in the feeling of it all.

But before the keys change hands, there’s the practical side of buying to consider — including Toronto’s land transfer taxes.

They may not be the most exciting part of the process, but they’re a crucial one. These taxes are paid upfront when you purchase your home and help fund the city services and infrastructure that make neighbourhoods like The Beaches so vibrant.

Understanding what to expect — from provincial and municipal rates to first-time buyer rebates — helps you plan with confidence and move forward without surprises.

Land Transfer Tax Calculator

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Toronto Land Transfer Tax Calculator

Understanding Toronto’s Land Transfer Tax

When you buy a home in Toronto, there’s one important cost to plan for — the Land Transfer Tax. It’s a government fee paid when ownership changes hands, based on your home’s purchase price.

In Toronto, buyers actually pay two land transfer taxes:

A provincial tax to the Government of Ontario
A municipal tax to the City of Toronto

Both are due in full at closing, when the title transfers from seller to buyer. This tax cannot be rolled into your mortgage, so it’s important to budget for it separately alongside your down payment and closing costs.

Where does the money go?

Land transfer taxes help fund essential city and provincial services — the very things that make Toronto livable and dynamic.
Your payment contributes to:

Infrastructure and transportation projects
Affordable housing initiatives
Parks, libraries, and recreation programs
Local public services that sustain the neighbourhoods we love

Planning Ahead

Whether you’re buying your first home or your next, knowing your estimated land transfer tax amount in advance helps you plan with clarity.

For first-time buyers, the good news is that rebates are available from both the City of Toronto and the Province of Ontario — reducing how much you pay at closing.