Free Tool
Calculate Your Ontario Mortgage Payments & Land Transfer Tax
Get an instant estimate of your monthly payment, provincial LTT, Toronto MLTT, and the first-time buyer rebate — for properties anywhere in Ontario including GTA, KWC, Hamilton, London and Windsor.
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Mortgage Calculator for London & Southwestern Ontario Homebuyers
Estimate your monthly mortgage payment and Ontario land transfer tax in seconds — for London, St. Thomas, Ingersoll and anywhere in Ontario.
Your Numbers
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Peel Region — Provincial LTT only. No municipal LTT.
Estimates only. Not an offer of credit. Contact me for an exact quote.
Ontario Land Transfer Tax — What You Need to Know
When you buy a home anywhere in Ontario — including the GTA, London, Kitchener-Waterloo, Cambridge, Hamilton, and Windsor — you pay a one-time provincial Land Transfer Tax (LTT) on closing. If the property is inside the City of Toronto, you pay an additional Municipal LTT of roughly the same amount, effectively doubling the tax.
Provincial LTT Brackets
- Up to $55,0000.5%
- $55,001 – $250,0001.0%
- $250,001 – $400,0001.5%
- $400,001 – $2,000,0002.0%
- Over $2,000,000 (residential)2.5%
First-Time Buyer Rebates
- Ontario rebate: up to $4,000 — wipes out LTT on homes up to ~$368,000.
- Toronto rebate: up to an additional $4,475 for properties inside the City of Toronto.
- To qualify you must be 18+, a Canadian citizen or permanent resident, and have never owned a home anywhere in the world.
- Regions outside Toronto — Mississauga, Brampton, London, Kitchener-Waterloo, Hamilton, Windsor, Niagara — pay only the provincial LTT.