Mortgage & home buying
How much cash will you need at closing?
Bring together your down payment, land transfer tax, mortgage-insurance tax and practical professional-service estimates.
✓ 2026 rules · Last verified August 2026 · Based on official Canadian sourcesEstimated cash required
Planning estimate — not financial advice.
First-time buyer impact
Understand the result
What this estimate means
A rebate or refundable credit may lower the eventual net cost without reducing what must be paid on closing day.
Before deciding: Legal fees, adjustments and local charges vary; confirm them with the notary or lawyer handling the transaction.
Helpful answers
Frequently Asked Questions
How much are closing costs when buying a house in Canada?
Closing costs vary by province, municipality and transaction. They can include transfer taxes, legal or notary fees, title-related costs, adjustments, inspections and other expenses, so an itemized calculation is more useful than relying on one national percentage.
What closing costs do I have to pay when buying a house?
Common costs include land transfer or property transfer tax, legal or notary fees, title insurance, appraisal or inspection fees, tax and utility adjustments and applicable tax on mortgage insurance. The exact list varies by location.
Are closing costs included in the down payment?
No. The down payment reduces the amount being financed, while closing costs are separate transaction expenses. Buyers should therefore keep cash available for both.
Do first-time home buyers pay closing costs in Canada?
Yes. First-time buyers still pay many closing expenses, although some provinces and municipalities offer rebates or exemptions on specific transfer taxes and programs can reduce the total amount required.
How much cash should I have for closing costs?
Estimate the major costs specifically for the property's price and location, then keep a buffer for variable expenses and adjustments. The calculator is intended to provide that more detailed estimate.
Official sources and rule record+
Official sources and rule record
How this estimate works
Ontario, Toronto, British Columbia, Québec and Montréal transfer duties use the current official progressive schedules. Eligible Ontario and Toronto rebates and the B.C. first-time exemption are applied. For a qualifying Québec first-home purchase after December 31, 2025, the refundable home-access tax credit is estimated separately because the municipal tax remains payable first. Other jurisdictions use the amount you enter because registration systems and municipal rates vary.
Goods and Services Tax (GST) or Harmonized Sales Tax (HST) on a new home, foreign-buyer taxes, vacant-home taxes, moving, repairs, insurance, prepaid interest, and lender-specific fees are not included. Professional fees are editable planning estimates. Quebec credit eligibility depends on the buyer, spouse, principal-residence, and payment conditions; the estimate is reduced above $750,000 and reaches zero at $1 million. Confirm the final statement of adjustments with your lawyer or notary.
ca.home-purchase.closing-costs.2026 · Effective 2026-01-01 · 2026 rules · Last verified August 2026 · Based on official Canadian sources
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