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
$54,184
| Land transfer tax | $7,475 |
|---|---|
| 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 |
| Closing costs | $14,184 |
The minimum down payment at this price is $50,000.
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
How much does it cost to buy a home in Durham Region in 2026?
Cash to close and monthly costs for a $450,000 condo, $650,000 townhouse and $900,000 house in Durham, plus the new home HST rebate that ends March 31, 2027.
Buying your first home in Durham Region in 2026: the money, the programs and the steps
What a first home in Durham costs in 2026: the minimum down payment, the FHSA and Home Buyers' Plan, the land transfer tax refund, and the steps in order.
The new-home HST rebate in Durham: up to $130,000 back if you sign before March 31, 2027
Ontario now refunds the full 13% HST on most new homes under $1 million, for every buyer who signs by March 31, 2027. Who qualifies and what it is worth.