What closing costs include
Closing costs can include land transfer tax, legal fees, title insurance, inspection fees, appraisal fees, adjustments, and mortgage insurance.
Housing & Mortgage
Closing Costs Calculator
Estimate land transfer tax, legal costs, inspection costs, mortgage insurance, and total closing cash.
Basics
First-time buyer?iSome provinces offer partial land transfer tax relief for eligible first-time buyers.
Land transfer tax explained
Land transfer tax is usually calculated on the purchase price using marginal brackets, similar to income tax.
First-time buyer rebates
Some provinces or cities offer rebates or exemptions to eligible first-time buyers.
Frequently asked questions
Is CMHC insurance paid in cash?+
It is often added to the mortgage, but this calculator shows it so you can see the full estimated cost.
Does this include municipal transfer tax?+
No. Some cities, such as Toronto, may have additional municipal land transfer tax.