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. Driven by: municipal tax rate, price, closing date.
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.
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