Closing Cost Calculator
What does it actually cost to close?
The purchase price is just the starting point. Ontario buyers pay land transfer tax, development charges, lawyer fees, title insurance, and whatever they spend on upgrades. This calculator adds it all up — including the Toronto municipal land transfer tax if your property is inside city limits.
Purchase details
$
$
Typical range $50,000–$100,000
$
Typical range $5,000–$15,000
%
% of purchase price; 1–5% is typical
Options
Purchase breakdown
Base purchase price$700,000
Parking$65,000
Locker$7,500
Total purchase price$772,500
Estimated closing costs
Land transfer tax (Ontario)$11,925
LTT (net)$11,925
Development charges (est.)$20,000
Lawyer + legal fees (est.)$3,000
Title insurance (est.)$300
Upgrades (2%)$14,000
Total estimated closing costs$49,225
Estimated total outlay$821,725
Purchase price + estimated closing costs. Development charges vary significantly by municipality — verify with the builder. Lawyer fees are estimates. This does not include HST (typically netted via rebate on new builds — use our HST calculator for that).
What's not included
- • HST — on new builds this is typically absorbed into the purchase price and offset by the new home rebate. Use our HST Rebate Calculator to model your specific scenario.
- • Interim occupancy fees — monthly fees paid between your move-in date and final closing. Use our Interim Occupancy estimator.
- • Mortgage costs — interest, CMHC insurance (if applicable), and appraisal fees.
- • Property tax adjustment — builder may pre-pay taxes for the year; you reimburse on closing.