Closing Cost Calculator for Ontario Home Buyers

Plan for roughly 1.5% to 4% of the purchase price — on a $1.5M GTA home that is approximately $22,500 to $60,000, with land transfer tax the single largest line item. Inside Toronto the municipal LTT pushes you toward the top of that range; outside Toronto, 1.5%–2.5% is more typical. The calculator above itemizes every component for your exact price and municipality.

Expect $1,800 to $3,000 all-in for a standard residential purchase — legal fees of roughly $1,200–$2,000 plus disbursements (title searches, registration fees, couriers) of $400–$800. Complex transactions, such as new construction with builder amendments or purchases involving secondary financing, run higher. A good lawyer will quote a flat all-in figure up front; insist on one.

Title insurance typically costs $400 to $900 as a one-time premium on a GTA-priced home, scaling with purchase price. It is not legally mandatory in Ontario, but virtually every lender requires it as a condition of funding, and it protects against title defects, survey issues, and fraud for as long as you own the property. Your lawyer arranges it at closing.

Adjustments are the pro-rated reimbursements between buyer and seller for costs the seller prepaid past the closing date — most commonly property taxes, and for condos, monthly maintenance fees; they typically add several hundred to a few thousand dollars to your cash-to-close. On new construction, adjustments can be substantially larger (development charges, utility hookups, Tarion enrolment), which is why we review the builder's adjustment schedule before you sign.

Mostly no — the CMHC premium (2.8% to 4% of the mortgage when your down payment is under 20%) is added to the mortgage principal and paid down over the amortization, not on closing day. The exception is Ontario's provincial sales tax on the premium (8%), which must be paid in cash at closing. On a $1M mortgage with a 4% premium, that PST alone is $3,200.