What are the closing costs when buying a house in Ontario?

Typical closing costs in Ontario include land transfer tax, legal fees ($1,500-$2,500), title insurance ($300-$500), home inspection ($400-$600), and property appraisal ($300-$500). CMHC insurance applies if your down payment is under 20%.

How much should I budget for closing costs in Ontario?

Budget approximately 1.5% to 4% of the purchase price for closing costs, in addition to your down payment. The largest cost is usually land transfer tax.

Back to Tools

Closing Costs Estimator

Get a comprehensive estimate of all the costs you will need to budget for when buying a home in Ontario.

Purchase Price

Down Payment (%)

$120,000.00 down payment

First-time homebuyer?

Eligible for LTT rebates

Property in Toronto?

Additional municipal LTT applies

New construction?

HST applies to new builds

Closing Costs Breakdown

Ontario Land Transfer Tax

$8,475.00

Legal Fees

Est. $1,500 - $2,500

$2,000.00

Title Insurance

Est. $300 - $500

$400.00

Home Inspection

Est. $400 - $600

$500.00

Property Appraisal

Est. $300 - $500

$400.00

Property Tax Adjustment

Prorated ~1% of home value

$3,000.00

Utility Hookups / Adjustments

$200.00

Total Estimated Closing Costs

$14,975.00

Cash Needed to Close

$134,975.00

Down Payment$120,000.00

Closing Costs (cash portion)$14,975.00

These are estimates based on typical costs for Ontario home purchases. Actual amounts may vary. Legal fees, inspection costs, and other services depend on the provider. Consult with your real estate agent and lawyer for precise figures.

Ready to buy? Let's plan your budget. Contact Me