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closing costs calculator

SHAIKH LAW FIRM • ONTARIO REAL ESTATE

Closing Cost Calculator

Buying, selling or refinancing a property in Ontario? Estimate your real estate closing expenses with our free calculator and plan your transaction with greater confidence.

CALCULATE CLOSING COSTS Call (905) 795-7757

ONTARIO REAL ESTATE CLOSING COSTS

Calculate Your Closing Costs in Ontario

Use our free Ontario closing costs calculator to estimate the expenses associated with buying, selling or refinancing a property.

Start with clear pricing

Closing Costs Calculator

See your legal fees, office disbursements, taxes and third-party costs in one itemized estimate.

Choose your calculator

Your details

One Ontario freehold or condo with routine requirements. See the scope details below.

Where is the property?
What type of property is it?
Potentially eligible for a first-time buyer refund?

Generally, a first-time buyer is 18 or older, a Canadian citizen or permanent resident, has never owned a home anywhere in the world, and will move in within nine months of closing. A spouse's past ownership can affect eligibility.

Is any buyer neither a Canadian citizen nor a permanent resident?
Are you getting a mortgage?

Optional planning subtotal only; adjustments and excluded costs remain additional.

Optional insurer quote and closing details
Does the rush fee apply?

Required documents, instructions or information arrive less than seven calendar days before closing, or changes occur during that period. Applicability is confirmed in writing.

Leave blank for the automatic firm budgeting allowance. An entered insurer quote, including all taxes and fees, replaces the allowance.

Your estimate

Budget only, not a quote or cash required to close. Standard scope: one Ontario residential freehold or condominium property with routine title and closing requirements. Islamic financing (including Ijara), private lending, additional mortgages, separation agreements or matrimonial disputes, and title or closing issues requiring additional work require a written quote. Additional fees are confirmed in writing before additional work begins.

Calculator results are estimates for budgeting purposes only. Actual closing costs may vary depending on the property, transaction details, lender requirements and applicable third-party expenses. Request a written quote for confirmed legal fees and charges.

UNDERSTANDING YOUR REAL ESTATE EXPENSES

Ontario Closing Costs by Transaction Type

Closing costs in Ontario depend on whether you are purchasing, selling or refinancing a property. Explore the main expenses associated with each transaction below.

Closing costs for purchase ontario calculator

ONTARIO HOME PURCHASE

Closing Costs for Purchase in Ontario

When purchasing a home in Ontario, buyers should budget for more than the purchase price and down payment. Common closing expenses include legal fees, land transfer tax, title insurance, government registration fees and adjustments.

$1,799 + HST Standard purchase legal fees and fixed office disbursements. Third-party closing costs are additional.
  • Legal fees and office disbursements: Legal services and fixed office costs for a standard purchase.
  • Land transfer tax: Ontario tax and additional Toronto municipal tax where applicable.
  • Title insurance and registration: Costs depend on the property, insurer and registered instruments.
  • Adjustments and rebates: Property tax and other adjustments may apply. Eligible first-time buyers may qualify for land transfer tax rebates.
QUOTE
seller closing costs calculator ontario

ONTARIO PROPERTY SALE

Closing Costs for Sale in Ontario

Selling a property in Ontario involves expenses that are generally deducted from the sale proceeds on closing. These may include legal fees, mortgage-related costs, adjustments and real estate commission where applicable.

$1,698 + HST Standard sale legal fees and fixed office disbursements. Additional third-party expenses are separate.
  • Legal fees and office disbursements: Includes the firm's standard residential sale closing services.
  • Mortgage payout: Outstanding mortgage balances, discharge-related lender charges and applicable penalties may arise.
  • Real estate commission: Brokerage fees and applicable HST, where a commission is payable.
  • Closing adjustments: Property taxes, condominium expenses and other adjustments may affect the seller's net proceeds.
QUOTE
closing costs for refinance

ONTARIO MORTGAGE REFINANCING

Closing Costs for Refinance in Ontario

Refinancing your mortgage may involve registering a new mortgage, paying out an existing mortgage and completing additional lender requirements. The total cost will depend on the financing arrangements and applicable third-party expenses.

$1,799 + HST Standard refinance legal fees and fixed office disbursements. Third-party and lender-specific costs extra.
  • Legal fees and office disbursements: Includes standard legal work associated with mortgage refinancing.
  • Title insurance: A lender's title insurance policy may be required, with the actual premium depending on the transaction.
  • Mortgage payout and discharge: Existing mortgage balances, discharge charges and penalties may apply.
  • Registration and lender charges: Government registration costs and other lender-specific expenses may apply.
QUOTE

ONTARIO REAL ESTATE CLOSING EXPENSES

What Is Included in Closing Costs in Ontario?

Closing costs are the expenses associated with completing a real estate transaction, in addition to the property's purchase price or outstanding mortgage obligations.

The amount payable depends on the type of transaction, property location, financing arrangements and any applicable tax rebates or closing adjustments.

Our Ontario closing costs calculator provides an estimate to help you plan ahead. Your final statement of adjustments and legal closing documents will determine the amounts actually payable.

Real Estate Legal Fees

Legal fees cover the professional services provided by your real estate lawyer in completing the transaction. Office disbursements and third-party charges are separate cost categories. Shaikh Law Firm offers fixed legal fees and office disbursement packages for standard residential transactions, subject to the applicable scope.

Ontario Land Transfer Tax

Ontario land transfer tax generally applies when purchasing real estate or completing certain property transfers. Properties located within the City of Toronto may also be subject to municipal land transfer tax. The applicable amount depends on the property value, location and any available exemptions or refunds.

Title Insurance

Title insurance provides protection against specified title-related risks, subject to the policy terms and exclusions. It is commonly obtained for residential purchases and may be required by mortgage lenders. Premiums vary depending on the property, coverage and insurer.

Statement of Adjustments

Closing adjustments allocate certain property expenses between the buyer and seller as of the closing date. These commonly include prepaid property taxes, condominium common expenses and other agreed adjustments. They may increase or decrease the amount payable on closing.

First-Time Homebuyer Rebates

Eligible first-time homebuyers may qualify for an Ontario land transfer tax refund. A separate municipal rebate may also be available for qualifying purchases in Toronto. Eligibility depends on the applicable program requirements, and not every first-time buyer will qualify.

Need confirmation of your legal fees and transaction-specific expenses?

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YOUR QUESTIONS ANSWERED

Frequently Asked Questions About Closing Costs in Ontario

Understand the expenses, taxes and legal fees involved in Ontario real estate transactions before your closing date.

How much are closing costs in Ontario?

Closing costs depend on the transaction, property value, municipality and financing. For a standard residential transaction, Shaikh Law Firm's legal fees and fixed office disbursements total $1,799 + HST for a purchase or refinance and $1,698 + HST for a sale. Third-party expenses, including applicable land transfer tax, title insurance, registration charges and adjustments, are additional.

What closing costs does a buyer pay in Ontario?

Buyers commonly pay legal fees, office disbursements, Ontario land transfer tax, applicable Toronto municipal land transfer tax, title insurance, government registration charges and closing adjustments. The amounts vary depending on the property and transaction.

Who pays land transfer tax when buying or selling a home?

In a typical Ontario home purchase, the buyer pays land transfer tax, not the seller. However, different rules or exemptions may apply to certain transfers, including transactions that are not conventional arm's-length purchases.

Do I have to pay two land transfer taxes when buying in Toronto?

Generally, yes. A qualifying purchase within the City of Toronto is subject to Ontario land transfer tax and Toronto municipal land transfer tax. Applicable exemptions or first-time homebuyer rebates may reduce the amount payable.

Can first-time homebuyers receive a land transfer tax rebate?

Eligible first-time homebuyers may qualify for an Ontario land transfer tax refund. Buyers purchasing an eligible property in Toronto may also qualify for a separate municipal rebate. Eligibility depends on statutory and program requirements, including ownership history and intended occupancy.

Is title insurance required when purchasing a property in Ontario?

Title insurance is not universally required by Ontario law for every purchase, but mortgage lenders commonly require a lender's title insurance policy. An owner's policy may also be obtained to protect against specified title-related risks, subject to policy conditions and exclusions.

What are the closing costs for refinancing a mortgage in Ontario?

Refinancing costs may include legal fees, fixed office disbursements, title insurance, government mortgage registration charges, existing mortgage payout and discharge expenses, prepayment penalties and lender-specific costs.

Ontario land transfer tax generally does not arise from a straightforward refinance where property ownership remains unchanged, although additional transfers or restructuring can have different consequences.

Are the results from the Ontario closing costs calculator exact?

No. The calculator provides budgeting estimates based on the information entered and the assumptions used by the tool. Actual amounts may differ because of title insurance premiums, adjustments, lender charges, tax eligibility and transaction-specific requirements. Your lawyer can provide a written fee quote and confirm the relevant closing figures as the transaction progresses.

Need a Written Closing Cost Quote?

Tell us about your purchase, sale or refinance and request a detailed quote for your real estate legal services.

QUOTE

SHAIKH LAW FIRM • ONTARIO

Find a Real Estate Lawyer Near You

Shaikh Law Firm provides residential real estate legal services across Ontario. Explore our local real estate lawyer pages to learn more about buying, selling and refinancing your property.

Do not see your city listed? Our head office is in Mississauga, and we assist clients throughout Ontario. Contact Shaikh Law Firm to discuss your transaction.

OFFICIAL GOVERNMENT INFORMATION

Ontario Real Estate Resources

Explore these official Ontario and City of Toronto resources for additional information about land transfer taxes, first-time homebuyer rebates and real estate closing expenses.

GOVERNMENT OF ONTARIO

Ontario Land Transfer Tax Rates ↗

Review the official provincial land transfer tax rates and learn how the tax is calculated when purchasing real estate in Ontario.

GOVERNMENT OF ONTARIO

First-Time Homebuyer Refunds ↗

Learn about eligibility requirements, refund limits and the application process for Ontario's first-time homebuyer land transfer tax refund.

CITY OF TORONTO

Toronto Land Transfer Tax Rates ↗

Review Toronto's municipal land transfer tax rates, including the additional tax generally payable when purchasing property in Toronto.

These external resources are provided for general information. Government rates, eligibility requirements and programs may change. Your lawyer can advise on the charges and exemptions relevant to your particular transaction.

SHAIKH LAW FIRM • ONTARIO REAL ESTATE

Get Your Real Estate Closing Quote

Ready to buy, sell or refinance a property in Ontario? Tell us about your transaction and request a written quote outlining our legal fees, office disbursements and applicable additional expenses.

Prefer to speak with our team? Call (905) 795-7757

Submitting a quote request does not establish a solicitor-client relationship. Representation is subject to conflict checks, agreement on the terms of engagement and written confirmation from Shaikh Law Firm.