Plan the cash you need on closing day on top of your down payment — land transfer tax plus the usual lawyer, insurance, inspection and adjustment costs.
Cash needed at closing (besides the down payment)
$18,875
For homes with one or two single-family residences. An estimate — your lawyer confirms the exact amounts and applies the rebates at closing.
Work out your payment with the mortgage calculator, or talk to us — we’ll walk you through every cost before you make an offer.
Rates and rules checked October 2026.
Usually 1.5% to 4% of the price. Land transfer tax is the biggest part; lawyer fees, title insurance, an inspection and adjustments add a few thousand dollars more.
If the seller prepaid property tax or utilities past closing day, you pay them back for your share. Your lawyer works out the exact amount on the statement of adjustments.
Usually not — in most Ontario sales the seller pays both agents. Your buyer representation agreement says how your agent is paid.
No. Land transfer tax, legal fees and the Ontario tax on CMHC insurance are paid in cash on or before closing, so lenders want to see you have about 1.5% of the price saved for them.