Closing costs
How much cash do you need on closing day?
The down payment is only part of it. Land transfer tax, the lawyer, title insurance, adjustments and the move all come due on the same day. Every amount here can be changed.
You have never owned a home anywhere, and you will live in this one.
Durham has no city land transfer tax. Toronto adds its own.
Bought from a builder and never lived in.
Prepaid property tax and utilities you repay the seller. A share of the price.
Cash needed on closing day
$94,858
Closing costs plus the down payment.
| Land transfer tax | $11,475 |
|---|---|
| Lawyer | $1,800 |
| HST on the lawyer | $234 |
| Title insurance | $400 |
| Home inspection | $500 |
| Appraisal | $400 |
| Tax and utility adjustments | $1,875 |
| Moving | $1,500 |
| Ontario sales tax on the CMHC premium | $1,674 |
| Closing costs | $19,858 |
An estimate to plan with, not advice. Your lender, lawyer and accountant have the final word.
Rates and rules last checked October 19, 2026.
Where the rules come from
- Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, checked 2026-10-19.
- City of Toronto, toronto.ca municipal land transfer tax rates and rebates, checked 2026-10-19.
- CMHC premium information page and CMHC Purchase page, cmhc-schl.gc.ca, checked 2026-10-19.
Guides