Skip to main content

Closing Costs in Canada by Province 2026: Complete Guide

Updated

Closing Cost Summary by Province

Province Land Transfer Tax Legal Fees Title Insurance Home Inspection Other Fees Total on $500K
Ontario $6,475 $1,500–$2,500 $300–$500 $400–$600 $500–$1,000 $9,175–$11,075
Ontario (Toronto) $12,950 $1,500–$2,500 $300–$500 $400–$600 $500–$1,000 $15,650–$17,550
British Columbia $8,000 $1,200–$2,000 $300–$500 $400–$600 $200–$500 $10,100–$11,600
Alberta $0 $1,000–$1,800 $300–$500 $400–$600 $300–$600 $2,000–$3,500
Quebec $5,000 $1,500–$2,500 Not common $400–$600 $500–$700 $7,400–$8,800
Manitoba $5,150 $1,000–$1,800 $300–$500 $400–$600 $200–$400 $7,050–$8,450
Saskatchewan $0 $1,000–$1,800 $300–$500 $400–$600 $200–$400 $1,900–$3,300
Nova Scotia $7,500 $1,200–$2,000 $300–$500 $400–$600 $200–$400 $9,600–$11,000
New Brunswick $5,000 $1,000–$1,800 $300–$500 $400–$600 $200–$400 $6,900–$8,300
PEI $5,000 $1,000–$1,800 $300–$500 $400–$600 $200–$400 $6,900–$8,300

Land Transfer Tax by Province

Ontario Land Transfer Tax

Property Value Portion Tax Rate Cumulative on $500K
First $55,000 0.5% $275
$55,001–$250,000 1.0% $2,225
$250,001–$400,000 1.5% $4,475
$400,001–$2,000,000 2.0% $6,475
Over $2,000,000 2.5% —

Toronto Municipal Land Transfer Tax (additional):

Property Value Portion Tax Rate Cumulative on $500K
First $55,000 0.5% $275
$55,001–$250,000 1.0% $2,225
$250,001–$400,000 1.5% $4,475
$400,001–$2,000,000 2.0% $6,475
Over $2,000,000 2.5% —

Total land transfer tax on $500K in Toronto: $12,950

Ontario First-Time Home Buyer Rebate

Program Amount Eligibility
Provincial LTT rebate Up to $4,000 First-time buyer, must live in home
Toronto municipal LTT rebate Up to $4,475 First-time buyer, buying in Toronto
Maximum combined rebate Up to $8,475 —

British Columbia Property Transfer Tax

Property Value Portion Tax Rate Cumulative on $500K
First $200,000 1.0% $2,000
$200,001–$2,000,000 2.0% $8,000
$2,000,001–$3,000,000 3.0% —
Over $3,000,000 5.0% —

BC First-Time Buyer Exemption: Full exemption on homes up to $500,000. Partial exemption on $500,001–$525,000.

Quebec Welcome Tax (Droits de Mutation)

Property Value Portion Tax Rate Cumulative on $500K
First $58,900 0.5% $295
$58,901–$294,600 1.0% $2,652
$294,601–$500,000 1.5% $5,733
Over $500,000 2.0% —

Montreal adds 0.5% for properties over $750,000, and 1.0% over $1M.

Alberta — No Land Transfer Tax

Alberta does not charge land transfer tax. The only transfer cost is the land title registration fee ($50 + $2 per $5,000 of property value) — approximately $250 on a $500K property.

Manitoba Land Transfer Tax

Property Value Portion Tax Rate Cumulative on $500K
First $30,000 0% $0
$30,001–$90,000 0.5% $300
$90,001–$150,000 1.0% $900
$150,001–$200,000 1.5% $1,650
Over $200,000 2.0% $7,650

Nova Scotia Deed Transfer Tax

Rate Details
1.5% of purchase price Flat rate across the province
On $500,000 $7,500
No first-time buyer exemption Full amount applies

Complete Closing Cost Breakdown

Common Closing Costs (All Provinces)

Cost Amount Required?
Legal fees $1,000–$2,500 ✅ Yes
Title insurance $300–$500 Recommended (required by most lenders)
Home inspection $400–$600 Highly recommended
Appraisal fee $300–$500 Usually paid by lender
Land survey/title search $200–$500 Sometimes needed
Property tax adjustment Varies Prorated from seller at closing
Utility adjustments $100–$300 Prorated at closing
Mortgage default insurance (CMHC) 2.8–4.0% of mortgage If less than 20% down (added to mortgage)
Moving costs $500–$2,000 Not a closing cost, but budget for it

Optional/Situational Costs

Cost Amount When Required
PST on CMHC insurance (Ontario) 8% of premium Ontario only, on CMHC premium
Estoppel certificate/status cert $100–$300 Condo purchases
Interest adjustment Varies Between closing and first payment
Property tax holdback 1–3 months New construction sometimes
Builder tarion warranty (ON) $600–$1,000 New construction in Ontario
GST/HST on new home 5–13% New construction only
New home rebate Up to $24,000 New construction (GST/HST rebate)

Total Closing Costs by Purchase Price

Ontario (Outside Toronto)

Purchase Price Land Transfer Tax Legal + Title Other Costs Total % of Price
$300,000 $2,975 $2,000 $1,000 $5,975 2.0%
$500,000 $6,475 $2,000 $1,000 $9,475 1.9%
$700,000 $10,475 $2,000 $1,000 $13,475 1.9%
$1,000,000 $16,475 $2,500 $1,000 $19,975 2.0%

Toronto (Double Land Transfer Tax)

Purchase Price Provincial + Municipal LTT Legal + Title Other Costs Total % of Price
$500,000 $12,950 $2,000 $1,000 $15,950 3.2%
$700,000 $18,475 $2,000 $1,000 $21,475 3.1%
$1,000,000 $28,975 $2,500 $1,000 $32,475 3.2%

Alberta

Purchase Price Land Transfer Tax Legal + Title Other Costs Total % of Price
$300,000 $0 $1,500 $1,000 $2,500 0.8%
$500,000 $0 $1,500 $1,000 $2,500 0.5%
$700,000 $0 $1,800 $1,000 $2,800 0.4%
$1,000,000 $0 $2,000 $1,000 $3,000 0.3%

British Columbia

Purchase Price Property Transfer Tax Legal + Title Other Costs Total % of Price
$500,000 $8,000 $1,500 $1,000 $10,500 2.1%
$700,000 $12,000 $1,800 $1,000 $14,800 2.1%
$1,000,000 $18,000 $2,000 $1,000 $21,000 2.1%

First-Time Home Buyer Savings

Province LTT Rebate/Exemption Maximum Savings
Ontario (provincial) Rebate up to $4,000 $4,000
Toronto (municipal) Rebate up to $4,475 $4,475
British Columbia Full exemption up to $500K $8,000
PEI Full exemption up to $200K $2,000
Manitoba None $0
Quebec None $0
Alberta No LTT exists N/A
Saskatchewan No LTT exists N/A