Closing costs
Cash needed on closing day
Separate from the down payment, and due the same day.
Typical figures
Provincial land transfer tax $6,735 — largest of 3 lines
Taxes and registration fees set by the province, and in some cities by the municipality on top. These are rules, not quotes — exact given the rules table.
A provincial tax on the transfer of title, charged in progressive bands on the purchase price. Driven by: price, province, first-time buyer status.
This province charges no transfer tax. Instead the land titles office charges a registration fee that scales gently with value. Driven by: price, province.
This province charges no transfer tax. Instead the land titles office charges a registration fee that scales gently with value. Driven by: price, province.
Real estate lawyer fees and disbursements $1,800 — largest of 4 lines
Utility setup and move-in reserve $3,000 — largest of 3 lines
What the seller has already paid that you owe back, plus the cost of actually moving in.
If the seller prepaid the year’s property tax you reimburse the unused part — and if they did not, the adjustment runs the other way and the seller credits you. This calculator has no closing date to count from, so the figure above is a flat placeholder of three months at this jurisdiction’s rate, not your adjustment. The real one is on your lawyer’s statement of adjustments.
Nothing comes off the bill on closing day here. What you do get arrives months later.
Some of this comes back. When it comes back matters as much as how much — a rebate that arrives at tax time is not closing-day money.
Applied on closing day
No rebate exists here
Arrives later, at tax time
A non-refundable federal credit on your tax return the year after you buy. It does not help you on closing day. Driven by: first-time buyer status.
4 to 14 months after closing — do not budget it as closing-day money
Measured against net cash at closing — after the credits that actually arrive that day.
Measured against net cash at closing, after the credits that actually arrive that day.
Tell us what you have available and this becomes a yes or a no.
Every line, added up
The cash figure at the top of this page, operand by operand. Each group is the total of the section that lists it, so a figure here can be traced to the document it came from.
- Down payment
- $45,426
- + Taxes and government fees
- $7,009
- + Professional and third-party fees
- $3,150
- + Adjustments and moving in
- $6,001
- = Cash needed on closing day
- $61,586
- = Net cash at closing, after credits applied that day
- $61,586
Not in this bill
2 real costs the bill above does not price. Nobody publishes a figure for them, so this page names them rather than inventing one.
- The deposit. Within days of an accepted offer — usually weeks or months before closing day — certified funds go to the seller’s brokerage to be held in trust. It is credited against your down payment, so nothing is missing from the total above; what is missing is the date. Money locked in a term deposit, or still crossing a border, cannot be a deposit. The amount is negotiated offer by offer, which is why no figure is shown for it.
- Adjustments other than property tax. Condo fees, prepaid utilities and fuel left in the tank are all settled by the day, counted from your closing date. This calculator never asks for a closing date, so it prices none of them — your lawyer’s statement of adjustments is where they turn up.
What you owe on closing day, over and above the down payment.
Mortgage amount
$422,329
Below 20% your mortgage must be insured, and the premium is added to the loan.
Every figure that carries a sourcing record names where it came from: a dated published source, an estimate we disclose, or nothing at all where nothing is published.
Rules last verified 2026-08-24