What will you need at closing?

This is an estimate, not advice. Default-insurance premiums use published CMHC-style loan-to-value bands; the premium is added to your mortgage, while the provincial sales tax on it is paid in cash at closing and is never financed. Insurance is available only with a down payment under 20% and a purchase price of $1.5M or less; above that, a 20% down payment is generally required. Land transfer tax is shown at current Ontario — and, in Toronto, municipal — rates for a standard purchase of 1–2 single-family residences; for closing-date timing and other property types, see our land transfer tax tool. Legal, title-insurance, inspection, and appraisal figures are adjustable estimates that vary by lawyer, lender, and property. This estimate does not include the Non-Resident Speculation Tax, HST on new builds, property-tax or utility adjustments, moving costs, or default-insurance on homes priced above the insured cap. This tool collects no personal information. Confirm every figure with a licensed mortgage professional before you rely on it.