When buying a home in Ontario, the government likes to get their share of your excitement in the form of a land transfer tax that you pay on the closing date of your purchase. Here is a quick and easy reference chart on how to calculate the Land Transfer Tax. This doesn’t include any additional transfer taxes found in some cities such as Toronto.
You can also find a list of typical closing costs as well as rebates for home buyers by clicking here.
Marg Scheben-Edey is a Broker with RE/MAX four seasons realty limited, Brokerage in beautiful Collingwood, ON. With three decades of experience, Marg is a leader in the local real estate marketplace and is ready to help guide both Buyers and Sellers in achieving their real estate goals. Email Marg