Closing Costs Estimator

Buyers in Toronto routinely underestimate what they need on closing day. This estimator adds up land transfer taxes, legal fees, title insurance, home inspection, and moving costs to give you a realistic total.

Purchase price

Down payment

Property is within the City of Toronto (subject to both provincial and Toronto municipal LTT)

First-time home buyer (provincial rebate up to $4,000; Toronto rebate up to $4,475)

Include home inspection estimate (~$600)

Include moving costs estimate (~$2,500 local, ~$5,000 out of city)

Estimated closing costs

Ontario LTT—

Toronto LTT—

First-time buyer rebates—

CMHC insurance PST (8%)—

Legal fees + disbursements—

Title insurance~$400

Home inspection~$600

Moving costs~$2,500

Total estimated —

What you're actually paying on closing day

Most buyers budget carefully for their down payment and then discover on closing day that they owe tens of thousands more. A typical Toronto purchase at $900,000 with 10% down generates roughly $30,000-$40,000 in closing costs on top of the down payment. These funds must be in your bank account on closing day — they cannot be added to your mortgage.

Legal fees vary by lawyer and deal complexity. Budget $1,500-$2,500 for a straightforward purchase. Title insurance protects you against defects in the title and is typically $300-$500. The home inspection gives you a professional assessment of the property's condition before you're legally committed — it's $500-$800 well spent.