Associated Costs

• Deposit which is typically a minimum of 5% of your offering price which is to be certified and should accompany your offer.  The deposit is NOT to be confused with the actual down payment which is paid when you take ownership.
• Land Transfer Tax (will vary on location, and if a first-time buyer) see calculator
• Legal Fees
• Title Insurance
• Home Inspection (if applicable)
• Moving Costs
• Home Insurance

If you are a first-time home buyer in Toronto, you will get a break on the Land Transfer tax (see Land Transfer Tax Calculator).   Also, very important, if you desire a home in a specific school district make sure you check the TDSB locator by address to make sure that you are purchasing a home in the school district of your choice (see TDSB School Locator Tool).

Land Transfer Tax Calculator (Ontario)

Mortgage Calculator (Ontario)

Looking to take out a mortgage sometime soon? Understanding how much your mortgage payments will be is an important part of getting organized.

Use Ratehub.ca's Mortgage Calculator to estimate your monthly payments and amortization schedule for the life of your mortgage. If you're purchasing a home, our payment calculator allows you to test down payment and amortization scenarios, and compare variable and fixed mortgage rates. It also calculates your mortgage default insurance premiums and land transfer tax.

TDSB School Locator

Find the nearest Toronto District School Board School in your area by searching the street name here with this Online TDSB Search Tool.