Closing Costs
What will closing actually cost?
An itemized estimate covering LTT, legal, title, inspection, moving, and everything else you'll owe on closing day.
Your purchase
Total closing costs
$26,899
~3.0% of purchase price
Land transfer tax
$20,475
Ontario + Toronto LTT, FTB rebates applied
Everything else
$6,424
Legal, title, inspection, moving…
Itemized breakdown
Typical ranges for a Greater Toronto Area purchase
Land Transfer Tax Ontario + Toronto LTT, FTB rebates applied | $20,475 |
Legal fees Your real-estate lawyer ($1,500 – $2,500) | $2,000 |
Title insurance One-time policy ($300 – $500) | $400 |
Home inspection Licensed home inspector ($400 – $600) | $500 |
Appraisal Lender-ordered appraisal ($300 – $500) | $400 |
HST on services 13% on legal, title, appraisal, and moving | $624 |
Property tax / utility adjustments Reimbursing the seller for prepaid amounts | $500 |
Moving costs Local mover estimate ($1,000 – $3,000) | $2,000 |
| Estimated total | $26,899 |
Where it goes
Budget 1.5 – 4% of purchase price
Most GTA buyers land between 1.5% (condo, no LTT surprises) and 4% (Toronto freehold, no rebates). Keep liquid cash on hand beyond your down payment — your lawyer will need a certified cheque for the full balance a day or two before closing.