Ontario tools · live rates · 2026 tables

The real costof the door.

Three down-payment scenarios side by side with live rates, the cash you need on closing day, your monthly carrying costs, what a renewal could cost if rates move, and the full amortization schedule. Then land transfer tax on its own, and rent against buy over five years.

4.49%average rate charged on new 5-year fixed mortgagesBank of Canada, 2026-07-01. Prime 4.45% as of 2026-10-22.

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Buying

Mortgage payment calculatorThree down-payment scenarios, live rates, cash to close, amortization.Can I afford this home?Income, down payment and debts, sized the way a lender does it.What does my budget buy?One number, every community, what it typically buys there.Land transfer taxOntario and Toronto, with first-time buyer rebates.Rent or buyFive years of renting against five years of owning, with your numbers.

Roadmaps

First-time buyer roadmapSeven stages from affordability to closing.Buyer roadmapFor owners buying next: sell first or buy first, porting, two closings.Seller roadmapPricing, preparation, strategy under TRESA, offers, closing, taxes.

Selling and owning

What is my home worth?A range from recent sales in your neighbourhood, with the basis shown.My homeThe market around your address: listings, sales, price changes.

Start herePriceLocation

Are you a first-time home buyer?

−Down payment ?

+CMHC insurance ?

= Total mortgage

Amortization ?

Mortgage rate ?

Payment frequency

= Mortgage payment ?

%$5% of the first $500K, 10% of the rest

$37,0004.00% of the mortgage

$962,000

live · insured, avg. charged ·

$5,186monthly

%$no CMHC insurance

$0not required at 20% down

$800,000

live · uninsured, avg. charged ·

$4,423monthly

%$edit either box

$27,9003.10% of the mortgage

$927,900

live · insured, avg. charged ·

$5,002monthly

Provincial$16,475

+Municipal$16,475

−Rebate (first-time buyers)$0

Land transfer tax$32,950

Results are for comparison only and are not a mortgage offer, pre-approval or advice. Rate defaults: Bank of Canada, updated 2026-10-22; the rate a lender offers you will differ. Land transfer tax and CMHC premiums use the current legislated tables; property tax, legal and closing figures are estimates you can edit. Maryam can introduce a mortgage broker who quotes several lenders.

Ontario rates: 0.5% to $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2,000,000, 2.5% above. Toronto adds a matching municipal tax with higher tiers above $3,000,000 from April 1, 2026. First-time rebates: up to $4,000 provincial, up to $4,475 Toronto. CMHC premiums 2.40% to 4.00% by loan-to-value, plus 0.20% for 30-year amortization. Tax and premium tables are the legislated formulas, last verified 7 September 2026 and re-checked monthly; they change only when the province, the city or CMHC changes them. Lines marked est. (legal, title insurance, inspection, adjustments) are typical GTA figures, and the rate is an example you should replace with your own quote. Confirm with your lawyer and lender.

Questions buyers ask

How much is land transfer tax in Ontario?

0.5% on the first $55,000, 1% to $250,000, 1.5% to $400,000, 2% to $2,000,000 and 2.5% above that. On a $1,000,000 home the provincial tax is $16,475.

Does Toronto charge land transfer tax twice?

Buyers inside the City of Toronto pay the provincial tax and a municipal land transfer tax with matching tiers, plus higher rates above $3,000,000 from April 1, 2026. That roughly doubles the bill compared with York Region or Durham.

What do first-time buyers get back?

Up to $4,000 of the Ontario tax and up to $4,475 of the Toronto tax, if every purchaser is a first-time buyer, moves in within nine months, and is a Canadian citizen or permanent resident.

When is CMHC insurance required?

Whenever the down payment is under 20%. The premium runs from 2.40% to 4.00% of the loan depending on the down payment, plus 0.20% for a 30-year amortization, and is added to the mortgage. Ontario charges sales tax on the premium at closing.