Closing Costs in Ontario
Land transfer tax, lawyer fees, title insurance, commissions, and everything else you need to budget for when buying or selling property in Ontario.
1.5 – 4%
Avg Buyer Closing Costs
Yes
Toronto Double LTT
$1,500 – $2,500
Avg Lawyer Fee
$300 – $500
Title Insurance
Cost Guides
Cost Calculators
Key Closing Terms
Land Transfer Tax
A tax paid by the buyer when a property changes hands in Ontario.
Closing Date
The date when ownership officially transfers from seller to buyer.
Statement of Adjustments
A financial document itemizing all costs, credits, and adjustments at closing.
Title Search
A legal investigation to verify the seller has clear ownership of the property.
Deposit
A sum of money the buyer puts forward when making an offer, held in trust.
Mortgage Penalty
A fee charged by your lender if you break your mortgage before the term ends.
Walk-Through Inspection
A final property visit before closing to confirm condition.
Tarion Warranty
Ontario's new home warranty program covering defects in new builds.
Neighbourhood-Level Pricing
Closing costs vary with purchase price. Explore average prices across GTA neighbourhoods to estimate your total closing costs more accurately.
Explore Neighbourhood Guides