Highclere Capital enters Canada’s mid-market lending space + MORE Feb 23rd
RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave Mar 4th
Rocket Mortgage Canada winding down operations + MORE Mar 7th
Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99% + MORE Mar 10th
Three-quarters of Equitable Bank’s uninsured mortgages to renew at lower rates this year + MORE Mar 1st
Mortgage Digest: 5 big banks cut fixed mortgage rates following bond yield drop
– canadianmortgagetrends.com
Land transfer tax calculator
– moneysense.ca
How to calculate land transfer tax
Buying a home is an exciting process with many unexpected costs. Beyond your down payment, you’ll also be responsible for paying legal fees, appraisal costs, title transfer costs and taxes to the province or municipality (or both).
That last item is called a land transfer tax (LTT), and it applies everywhere except in Alberta, Saskatchewan and all three territories, which instead charge land transfer fees. Despite the differences in terminology, the idea is the same: The buyer pays a one-time fee to the local government whenever a property changes hands. Below, you will find detailed information on land transfer taxes, fees and rebates:
What is a land transfer tax?
How is land transfer tax calculated?
Land transfer taxes at a glance
Land transfer taxes and fees by province and territory
Cities that charge additional land transfer tax
What is a first-time home buyer rebate?
First-time home buyer land transfer tax rebates
Other land transfer tax rebates
Land transfer tax exemptions
Tools
Use our mortgage payment calculator
Our calculator will help you understand what a mortgage will cost you in real terms while factoring for interest rates, amortization period, fixed or variable terms, and more…
