Land Transfer Tax
When you a buy a house, condo or land in Ontario you are subject to land transfer tax which is due upon closing. Go to the land transfer tax calculator (link below)to determine your applicable land transfer tax. First time home buyers can get a break on this land transfer tax. Contact me for more information on the land transfer tax.
(***IMPORTANT*** Be sure to enter your correct city. Toronto buyers pay a Municipal transfer tax as well as Provincial transfer tax while most other communities in the Province of Ontario do not pay the Municipal land transfer tax.)