Closing costs are the expenses due on possession day, on top of your down payment. Budget 1.5%–4% of the purchase price. This calculator estimates all major closing costs by province, including land transfer tax, legal fees, title insurance, home inspection, and applicable GST/HST on new builds.
All costs due on closing day — beyond your down payment. Budget 1.5–4% of purchase price.
Estimates only. Your real estate lawyer will provide exact figures before closing.
Find a Licensed Broker →Enter your purchase price, down payment, and province. Toggle First-time home buyer if applicable — this applies the provincial LTT rebate where available. Toggle New construction if you're buying a newly built home, which triggers GST/HST calculations. The breakdown populates automatically showing every line item individually.
The Estimated Closing Costs total is what you need in cash on closing day, on top of your down payment. The biggest single cost is typically land transfer tax, which varies dramatically — from zero in Alberta to over $20,000 in Toronto on a $1M purchase.
Legal fees cover your real estate lawyer or Quebec notary and typically run $1,500–$3,000. Title insurance ($300–$500) protects against fraud and undisclosed liens — most lenders require it. A home inspection ($400–$700) is optional on resale homes but strongly recommended. The property tax adjustment reimburses the seller for any property tax prepaid beyond your possession date.
For new builds, GST/HST applies to the full purchase price. A partial new home rebate is available for owner-occupants on homes under $450,000, but many new builds fall above that threshold. Always confirm HST treatment with your lawyer before signing. Budget 1.5%–2.5% of purchase price for resale, up to 4% for new construction.
Common closing costs include land transfer tax (varies by province), legal/notary fees ($1,500–$3,000), title insurance ($300–$500), home inspection ($400–$700), property tax adjustment, moving costs, and any applicable GST/HST on new construction.
Budget 1.5%–2.5% of the purchase price for a resale home, and up to 4% for new construction (due to GST/HST). On a $700,000 home, that's $10,500–$17,500 in addition to your down payment.
Generally no. Most closing costs must be paid in cash. The one exception is CMHC insurance, which is added to your mortgage balance. Always have your closing costs liquid and ready before possession day.
Buyers pay land transfer tax, legal fees, title insurance, home inspection, and moving costs. Sellers typically pay real estate commission and their own legal fees. Some costs may be negotiated in the purchase agreement.
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