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Canada · CAD

Toronto real estate

Toronto is the only Canadian city that charges land transfer tax twice — Ontario’s levy plus the municipal one — which lands near 4% at the million-dollar mark.

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Land titles path
Reserve fund checked
3D map
2×land transfer tax inside the City of Toronto
0%land transfer tax in Alberta
FINTRACsource-of-funds KYC on every closing
Stratareserve fund and depreciation report decide the deal
What a purchase really costs

$900,000 home in Toronto

Land transfer tax (4%)
$36,000
Lawyer, title insurance & disbursements (≈0.4%)
$3,600
Inspection & appraisal (≈0.15%)
$1,350
Cash needed at closing
$940,950

≈ +4.6% over the price. Land transfer tax is provincial and, in Toronto, charged twice — once by Ontario and once by the city. Alberta charges none at all and takes registration fees instead. The rates are banded, so the percentages here are effective rates at the sample price, not a flat levy. Foreign-buyer prohibitions and provincial surtaxes have changed more than once — read the statute in force on your closing date.

Rentals run on rules

The rent side, in three lines

  • Rent increase guidelines are provincial and annual — Ontario publishes a percentage, British Columbia publishes its own, Alberta publishes none.
  • Deposit rules differ sharply: Ontario allows last month’s rent, British Columbia allows a half-month security plus a half-month pet deposit.
  • Empty-home and speculation taxes apply in Vancouver, Toronto and across Metro Vancouver — an overseas lock-up is not a free hold.

In a condo the reserve fund study is the yield. A special assessment outranks every projection in the brochure.

Cities

Six metros, ten provincial rulebooks

Canada devolves the transaction to the province. Toronto stacks a municipal tax on the Ontario one; Alberta charges neither. The same price closes very differently in Calgary and in the 416.

Neighborhoods

Areas in Toronto

Area guides with nearest metro, local projects and what each district is known for.

Toronto: population, growth, metro and time zone

Both taxes are banded and both are due at closing in cash. First-time buyer rebates exist at each level; an investor gets neither. Ontario also applies a non-resident speculation tax province-wide.

Reserve-fund studies and special assessments are the yield in the condo stock, and pre-construction assignments carry their own contract risk — occupancy fees, interim closing, and a builder’s right to amend.

The 416 and the 905 are different tax jurisdictions as well as different markets. The municipal levy stops at the city boundary.

Buy in TorontoRent in Toronto

FAQ

Two land-transfer taxes?
Yes — provincial plus the City of Toronto’s own, for property inside the city. Budget both; together they are the largest single closing line.
Non-resident allowed?
Check the federal prohibition in force and Ontario’s speculation tax before you book a viewing trip.

All markets: sivrce.com · Georgia marketplace: sivrce.ge · Prices and availability are published only when a verified listing exists. Market currency: CAD.

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