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Canadian closing costs are the cash due around closing, separate from your down payment. This calculator gives you an exact provincial land transfer tax figure and CMHC cash requirements (where applicable), plus typical-range estimates for legal fees ($1,000-$2,000), title insurance ($250-$500) and a home inspection ($300-$600) — together usually 1.5%-4% of the purchase price per the Financial Consumer Agency of Canada.
Jump to the calculator ↓Itemizes your exact provincial land transfer tax and CMHC insurance cash requirements alongside typical-range estimates for legal fees, title insurance and a home inspection.
Determines your land transfer tax formula and whether provincial sales tax applies to CMHC insurance.
Provincial land transfer tax for ON. Excludes municipal add-ons (e.g. Toronto's additional municipal LTT) and first-time buyer rebates.
Financed into your mortgage principal, not paid in cash — shown here for full-cost visibility. See the CMHC insurance calculator for the payment impact.
Cannot be added to the mortgage — must be paid in cash at closing.
Typical range $1,000–$2,000. Get an exact quote from your real estate lawyer (or, in Quebec, notary).
Typical range $250–$500. Often required by your lender.
Typical range $300–$600. Optional but strongly recommended; varies with property size and location.
$29,061 of this total is government/insurer-mandated and calculated exactly (land transfer tax, CMHC premium and its provincial sales tax). The rest is a market-rate estimate — get firm quotes from your lawyer, title insurer and home inspector before closing.
Per the Financial Consumer Agency of Canada, total closing costs typically run 1.5%–4% of the purchase price. This estimate is 4.7%–4.9% for your inputs.
Closing costs are one-time cash expenses due when a home purchase completes — separate from, and in addition to, your down payment. The Financial Consumer Agency of Canada lists home inspection fees, legal fees, property tax adjustments and title insurance as the standard categories, and recommends budgeting 1.5% to 4% of the purchase price.
Formula: Cash to close = land transfer tax + CMHC PST (if applicable) + legal/notarial fees + title insurance + home inspection + adjustments
Budgeting for cash-to-close requires planning for hard legal, tax, and property adjustments that cannot be financed into your mortgage:
| Cost Item | Typical Amount | Payment Due Date | Can Be Financed? | How to Minimize |
|---|---|---|---|---|
| Land Transfer Tax (Provincial / Municipal) | 0.5% to 2.5% of price (Double in Toronto) | Closing day (via lawyer trust account) | No — 100% Cash Due | Claim provincial First-Time Homebuyer Rebates (up to \$4,000 ON / \$4,475 Toronto / full exemption BC under \$835k) |
| PST on CMHC Default Insurance | 8% ON / 9.975% QC / 6% SK of insurance premium (\$1,200–\$2,800) | Closing day | No — Cash Due at Closing | Put down 20%+ to eliminate CMHC insurance entirely, or buy in provinces without insurance PST (BC, AB) |
| Real Estate Legal Fees & Title Insurance | \$1,400 to \$2,400 total package | 1–2 days before closing | No — Direct Client Payment | Request all-inclusive flat fee quote upfront; title insurance replaces expensive property survey |
| Property Tax & Utility Adjustments | \$500 to \$2,000 reimbursement to seller | Closing statement of adjustments | No — Adjusted by Lawyer | Close early in municipal billing cycle or request proof of paid balances during conditional period |
Official federal guidance confirming closing costs typically run 1.5%-4% of purchase price and listing the standard cost categories.
Ontario's marginal land transfer tax brackets used by this calculator.
British Columbia's property transfer tax brackets used by this calculator.
Official CMHC premium tiers used for the insurance-premium line item.
Authored by usecos.app Research & Engineering. Land transfer tax and CMHC figures verified against FCAC, provincial and CMHC sources 2026-09-02. Legal fee, title insurance and inspection ranges are market estimates, not official rates, and should be confirmed with your own service providers.