Toronto First-Time Home Buyer: 7 Mistakes That Cost Thousands (2027)

Buying a home in Toronto? These are 7 costly mistakes Toronto home buyers make in 2026, with the real numbers: land transfer tax, minimum down payment, the mortgage stress test, the FHSA and Home Buyers' Plan, and more. On an $800,000 Toronto home, land transfer tax alone is $24,950, and it is due on closing day. Watch to see how to plan for it. This video is for general information only. It is not financial, legal or real estate advice. Rules, rates and rebates change. Please speak with a licensed professional before making any decision. Subscribe to Toronto Housing Brief for a new Toronto housing market update every month. #TorontoRealEstate #FirstTimeHomeBuyer #TorontoHomeBuying #GTARealEstate