Land transfer tax (LTT) is often overlooked when considering the total cost of purchasing a home. In Ontario the tax is calculated as a percentage of property value, using asking price as a close estimate. Homebuyers in Toronto also incur an additional municipal tax.

To help offset the unwelcome cost, Ontario and the City of Toronto offer land transfer tax rebates for first-time homebuyers. There is no municipal land transfer tax in London, Ontario.

Land Transfer Tax Calculator

When you’re ready to purchase your new home, call the London, Ontario Real Estate Lawyers at Daley & Associates. We provide purchase and sale real estate legal services in London, Ontario and the surrounding region. Click here for a full listing of the services provided by our London real estate lawyers.