Many Ontario homebuyers focus entirely on saving their down payment — then arrive at closing surprised by an additional $15,000–$50,000 in costs they hadn’t fully budgeted for. Closing costs Ontario buyers face are real, substantial, and non-negotiable. This guide walks through every single cost you’ll encounter, with actual dollar ranges for 2026.
Total Closing Costs Ontario Estimate by Purchase Price
| Purchase Price | Low Estimate | High Estimate | FTB After Rebates |
|---|---|---|---|
| $500,000 | $10,500 | $17,500 | ~$7,500–$14,500 |
| $750,000 | $17,000 | $26,000 | ~$13,000–$22,000 |
| $1,000,000 | $23,500 | $35,000 | ~$19,500–$31,000 |
Line-by-Line Closing Costs Ontario Breakdown
| Cost Item | Typical Range | Notes |
|---|---|---|
| Ontario Land Transfer Tax | $6,475–$20,475+ | Up to $4,000 rebate for first-time buyers |
| Legal / Notary Fees | $1,500–$2,500 | Includes title search, registration, disbursements |
| Title Insurance | $200–$400 | One-time premium; highly recommended |
| Home Inspection | $450–$700 | Essential for resale; not required on new builds |
| Mortgage Appraisal | $300–$600 | Sometimes waived by lender for insured mortgages |
| Property Tax Adjustment | $0–$3,000+ | Reimburse seller for pre-paid taxes from closing date |
| Utility / Condo Adjustments | $200–$1,500 | Adjust for pre-paid utilities or condo fees |
| Moving Costs | $1,000–$5,000 | Varies significantly by distance and volume |
| Status Certificate (Condo) | $100–$200 | Required for condo purchases; covers building financial health |
You can verify current Ontario Land Transfer Tax rates and first-time buyer rebate rules directly on the Government of Ontario’s Land Transfer Tax page.
Toronto Buyers: Add the Municipal Land Transfer Tax to Your Closing Costs Ontario Budget
Properties within Toronto’s city limits face a second, municipal land transfer tax at rates roughly equal to the provincial LTT. On a $750,000 Toronto property, this adds ~$11,475 in additional closing costs (less a rebate of up to $4,475 for first-time buyers). Budget 2x the Ontario LTT if buying in Toronto proper.
New Construction: Additional Closing Costs Ontario Buyers Should Expect
- HST (13%) — partially rebated under $450,000; full amount above
- Development levies and tarion enrollment fee
- Upgrade charges (flooring, countertops, fixtures above standard finishes)
- Occupancy fees before final closing (for condos)
Want to see your total closing costs Ontario budget alongside your mortgage payment? Run both together on our mortgage payment calculator, or compare live lender rates on our best mortgage rates page.
Frequently Asked Questions
How much are closing costs in Ontario?
Closing costs Ontario buyers should budget for typically run 2%–3.5% of the purchase price — approximately $10,500–$17,500 on a $500,000 home, rising to $23,500–$35,000 on a $1,000,000 home before any first-time buyer rebates.
Are closing costs higher in Toronto than the rest of Ontario?
Yes. Toronto properties face both the provincial Land Transfer Tax and a municipal Land Transfer Tax, roughly doubling the land transfer portion of closing costs Ontario buyers elsewhere in the province don’t pay.
Calculate your full closing costs Ontario budget — down payment plus every fee — at mrates.ca.