Canada · Day-one cash

Land transfer tax and CMHC besides the down payment

Stress test max(rate + 2%, 5.25%) · CMHC if under 20% down. Cash due before completion, separate from the monthly payment.

Price Down payment Amortization (years) Province First-time buyer for land transfer tax relief

Yes only if you meet every condition in your province. All: a Canadian citizen or permanent resident. Ontario and Toronto: 18 or older, never owned a home anywhere, no spouse who owned one while married to you, and moving in within 9 months. BC: never owned a home you lived in or had this exemption, a year living in BC (or 2 BC tax returns in the last 6 years), and moving in within 92 days. Controls only transfer-tax relief.

First-time homebuyer for CMHC's 30-year amortization

Yes if at least one buyer has never bought a home, has not lived in a home they or their spouse owned in the last 4 years, or has recently separated. Controls only the insured amortization limit.

New build (never lived in)

A newly built home not previously occupied as a residence. It also allows a 30-year insured mortgage.

Example with the default inputs. Change any field to recalculate.

$9,475 on top of the deposit

Deposit $130,000 · cash to close $139,475.

Taxes and fees

$9,475

CMHC

20% or more down: no mortgage insurance

Cash to close

$139,475

Breakdown

Ontario land transfer tax

$9,475

What this includes

Ontario and Toronto land transfer tax, BC property transfer tax, and Alberta land titles fees, with first-time buyer relief. Other provinces are not modelled and the page says so.

How we calculate

Ontario land transfer tax (one or two single-family residences): 0.5% to $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2m, 2.5% above; eligible first-time buyers (18 or older, Canadian citizens or permanent residents, never owned a home anywhere, moving in within 9 months) get up to $4,000 back. Toronto adds the municipal tax on the same bands, then 2.5% to $3m, 4.4% to $4m, 5.45% to $5m, 6.5% to $10m, 7.55% to $20m and 8.6% above (rates as of 1 April 2026); first-time rebate up to $4,475 on the same conditions. BC property transfer tax: 1% to $200,000, 2% to $2m, 3% above, plus 2% on residential value above $3m; eligible first-time buyers (Canadian citizens or permanent residents who have never owned a home they lived in, have lived in BC for a year or filed 2 BC tax returns in the last 6 years, and move in within 92 days) are exempt on the first $500,000 up to $835,000, tapering to nil at $860,000; BC's newly built home exemption is flagged for a new build, not computed. Alberta has no transfer tax: land titles charge $50 + $5 per $5,000 of value for the transfer and of the mortgage amount. In Ontario, 8% sales tax on the CMHC premium is paid in cash.

Official sources

Rules checked against these sources on 24–25 September 2026.