Real Estate

Closing Costs Estimator

Estimate total closing costs when buying a home in Canada.

Closing costs in Canada typically range from 1.5-4% of the purchase price and include land transfer tax, legal fees, home inspection, title insurance, and more. This calculator prevents surprise shortfalls on closing day.

Enter your numbers

Purchase Price ($)

Province

First-Time Buyer?

Results update as you change the inputs. Calculations run in your browser.

Estimated Closing Costs

$7125

land Transfer Tax: $4475
legal Fees: $1800
home Inspection: $500
title Insurance: $350

See the formula

Formula and method

Total = Land Transfer Tax + Legal Fees + Inspection + Title Insurance

Land transfer tax uses provincial bracket tables. Legal fees ($1,500-$2,500 range), home inspection ($400-$600), and title insurance ($250-$500) are industry averages. City of Toronto buyers also pay a municipal LTT (not included).

Worked examples

Ontario first-time buyer

Purchase Price ($):: 600000
Province:: Ontario
First-Time Buyer?:: Yes

Estimated Closing Costs: $7125

Alberta buyer

Purchase Price ($):: 500000
Province:: Alberta
First-Time Buyer?:: No

Estimated Closing Costs: $3400

Assumptions and limits

2024 provincial LTT rates
Average professional service costs
Toronto municipal LTT not included

This tool provides an educational estimate. Rules, rates and personal circumstances can change the answer. Review the assumptions before relying on a result. Report a correction.

Common mistakes to avoid

Forgetting Toronto's additional municipal land transfer tax — can add another $4,000-$12,000+.
Not budgeting for moving costs, utility setup, and immediate repairs.
Underestimating legal fees — complex transactions or condos can run higher.

Frequently asked questions

Can closing costs be added to the mortgage?

No — closing costs must be paid in cash on closing day. They cannot be rolled into the mortgage. This is why lenders require proof of funds above and beyond the down payment.

What is the Toronto first-time buyer rebate?

First-time buyers in Toronto receive a rebate of up to $4,475 on the provincial LTT and up to $4,475 on the municipal LTT, for a maximum combined rebate of $8,950.