PreconMap › Calculators
Calculators for Ontario Home Buyers
Work out a mortgage payment, the land transfer tax due on closing, and the HST and rebates on a newly built home.
Monthly payment
–
| Down payment | – |
|---|---|
| Minimum down payment for this price | – |
| Mortgage default insurance | – |
| Mortgage amount | – |
| Ontario sales tax on the insurance, paid on closing | – |
| Interest paid over the term | – |
| Balance at the end of the term | – |
Land transfer tax due on closing
–
| Ontario land transfer tax | – |
|---|---|
| Ontario first-time buyer refund | – |
| Toronto municipal land transfer tax | – |
| Toronto first-time buyer rebate | – |
How the Ontario tax is worked out
The first-time buyer refund is for Canadian citizens and permanent residents aged 18 or over who have never owned a home anywhere in the world and will move in within nine months. Foreign nationals also pay the 25% Non-Resident Speculation Tax, which is not included here.
HST after rebates
–
| Price before HST | – |
|---|---|
| HST at 13% | – |
| Federal rebate | – |
| Ontario rebate | – |
| Price with HST, after rebates | – |
| Added on closing, claimed back afterwards | – |
Estimates only. These calculators use the federal, Ontario and City of Toronto rules published as of October 2026. Rates, rebates and who qualifies can change, and every builder's agreement sets out its own adjustments on closing. They are not mortgage, legal or tax advice: confirm your numbers with your mortgage broker, your lawyer and your accountant before you sign.
Next step
Go through the numbers with a broker
A pre-construction purchase has costs a resale purchase does not: staged deposits, occupancy fees before closing, development charges and utility hook-ups. Book a consultation and we will go through what a specific project is likely to cost on closing day.
Where the rules come from
Questions about closing costs
How much land transfer tax do you pay in Ontario?
Ontario charges 0.5% on the first $55,000 of the price, 1.0% from $55,000 to $250,000, 1.5% from $250,000 to $400,000, 2.0% from $400,000 to $2,000,000 and 2.5% above $2,000,000 on homes with one or two single-family residences. A home in the City of Toronto also pays the municipal land transfer tax. First-time buyers can get back up to $4,000 of the Ontario tax and up to $4,475 of the Toronto tax.
Is HST charged on a pre-construction home in Ontario?
Yes. A newly built home is subject to 13% HST. Builders usually quote a price that already includes HST, net of the rebates a buyer who will live in the home qualifies for and assigns to the builder. A buyer who will rent the home out normally pays the rebate amount on closing and applies for the rental rebate afterwards.
Is land transfer tax on a new home calculated on the price with HST?
No. Land transfer tax on a newly built home is calculated on the purchase price without HST.
What is the minimum down payment in Canada?
Five per cent of the first $500,000 of the price and ten per cent of the part between $500,000 and $1,500,000. A home priced at $1,500,000 or more needs at least twenty per cent down. A mortgage with less than twenty per cent down must carry mortgage default insurance.
How accurate are these calculators?
They are estimates based on published federal, Ontario and City of Toronto rules. Rates, rebates and eligibility change, and a builder's agreement can treat HST and closing costs differently. Confirm your own numbers with your mortgage broker, your lawyer and your accountant before you sign.