Buyer tools

What will you need at closing?

If your down payment is under 20%, default insurance applies — and the closing day asks for more than the down payment alone. Estimate the premium and the all-in cash you'll bring to the table.

Your purchase

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All amounts in Canadian dollars (CAD).

$

— of the price

Over 25 years adds a 0.20% insurance surcharge.

Toronto charges a municipal land transfer tax on top of the provincial one.

These vary by lawyer, lender, and property — adjust to your own quotes.

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Estimated cash needed at closing
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Cash required at closing
Down payment
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Land transfer tax
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Legal fees & disbursements
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Title insurance
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Home inspection
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Appraisal
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Total cash at closing
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Rates & rules as of —

A licensed professional confirms your numbers before you commit.

Speak to a licensed mortgage professional

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.