Making Your First Home Purchase in Ontario Easier: A Down Payment Guide The idea of buying your first home can feel overwhelming, especially in a competitive real estate market like Toronto. For many, one of the most intimidating aspects of the process is the down payment—how much you need, when to pay it, and how to budget for it. But this doesn’t have to be a mystery. With the right tools and advice, making sense of down payments can be surprisingly simple.... [read more]

All you need to know about the Land Transfer Tax in Canada Land transfer tax is a tax you have to pay to the provincial government upon the purchase of a new home or a piece of land in Canada. The tax depends upon the rate of the property being bought. The tax is levied on buyers in all provinces of Canada with the exception of two: Alberta and Saskatchewan. The tax is a percentage value that applies to the rate of the property and is due upon the closing of the transaction. You can... [read more]

Toronto Land Transfer Tax Guide - TCT Purchasers must pay a one-time land transfer tax when buying real estate in Canada. Land transfer tax deductions and refunds are available in specific instances. Let's learn more about land transfer tax. About Land Transfer Tax Depending on where you live, the province or the municipality collects land transfer tax money. There is a land transfer tax in every region. However, it may go by various names. Land transfer taxes are not uniform... [read more]