Toronto Municipal Land Transfer Tax Calculator
A $1,000,000 home in Toronto carries $16,475 of Ontario land transfer tax and another $16,475 of Toronto municipal tax, $32,950 in total.…
Ontario Housing Calculators for Renters and Owners
This hub is for renters, condo buyers and anyone buying property in Ontario from abroad. Housing rules here differ from the rest of Canada, and they drive big decisions: how much rent fits your income, what taxes are due at closing and what a condo costs each month.
Renters can begin with the rent affordability calculator. Buyers in the city can price the Toronto municipal land transfer tax and, if they are not Canadian citizens or permanent residents, the Ontario non-resident speculation tax. The condo ownership cost calculator adds fees and property tax to the payment.
Land transfer tax has two layers in Toronto, and the Ontario land transfer tax guide explains both. For financing, see the Ontario mortgage guide.
Do the sums before you make an offer, not after. A buyer at $1,000,000 in Toronto pays $16,475 to the province and $16,475 to the City in land transfer tax, so the closing bill is larger than many first-time buyers expect.
Rates and bands come from ontario.ca and toronto.ca. We recheck them once a year and whenever the province or City changes a rule.
Ontario Housing Calculators for Renters and Owners on this site
- Ontario NRST Calculator Calculate the 25% Ontario Non-Resident Speculation Tax and the land transfer tax on a home.
- How Much Rent Can I Afford Calculator Find how much rent fits your income, using shares of 25% to 40% and your monthly debts.
- Toronto Land Transfer Tax Calculator Work out the Toronto municipal land transfer tax and the first-time buyer rebate on a home.
- Condo Ownership Cost Calculator Add up the monthly cost of owning a condo: mortgage, fees, property tax, insurance and utilities.
Articles and guides
Every calculator lists its sources. Read how the calculators work and our editorial policy.
How Much Rent Can I Afford in Ontario
Say a household earns $90,000 a year, which is $7,500 a month before tax. At a 30% housing share the budget is $2,250 for rent and utilities.…
Ontario Non-Resident Speculation Tax Calculator
A foreign national buying a $900,000 home in Toronto owes $225,000 of Non-Resident Speculation Tax, which is 25% of the price. Land transfer…
Condo Ownership Cost Calculator for Ontario
A $650,000 condo bought with $65,000 down costs $4,455.97 a month to own. That breaks down as a mortgage of $3,371.80, condo fees of $520,…