Toronto Land Transfer Tax: How Much You'll Pay (and Up to $8,475 Back)

Buying a home in Toronto, you pay land transfer tax twice: once to Ontario and once to the City of Toronto. On a $1,000,000 home that's $32,950, paid in cash on closing day. In this video I run the Toronto land transfer tax calculator with clean numbers: how the tax is calculated, an $800,000 condo example, the offer night move that quietly adds $2,000, how first-time buyers get up to $8,475 back, who qualifies for the rebate, and your full cash to close. Run your own numbers free on my Buying a Home calculator (land transfer tax, rebates and cash to close in one report): https://vrysellas.com/yt-calc Free step-by-step guides: https://vrysellas.com/yt-guides Chapters 0:00 Toronto land transfer tax: you pay it twice 0:37 Ontario and City of Toronto land transfer tax 0:59 Comparing a home inside vs outside the city 1:11 How land transfer tax is calculated 1:38 Why I built vrysellas.com 2:17 Example: an $800,000 condo 2:36 The offer night move that adds $2,000 3:05 First-time buyer rebate: up to $8,475 back 3:34 Live on the land transfer tax calculator 4:11 Who qualifies for the first-time buyer rebate 4:38 Can you add land transfer tax to your mortgage? 5:07 Cash to close on a $1,000,000 home 5:31 Recap Example numbers: Ontario and Toronto land transfer tax at current rates. $1,000,000 purchase: $16,475 Ontario + $16,475 Toronto = $32,950 (first-time buyer: $24,475). $800,000 condo: $24,950 (first-time buyer: $16,475). First-time buyer rebates of up to $4,000 (Ontario) and up to $4,475 (Toronto). Cash to close example: $200,000 down payment, $10,000 renovations, $2,500 legal, $32,950 land transfer tax. Rules and rates can change; your lawyer confirms your exact amount and rebate eligibility. Not legal, tax or financial advice. #LandTransferTax #TorontoRealEstate #FirstTimeHomeBuyer 📅 Book a 60 minute strategy session: https://vrysellas.com/contact 🧮 Run your numbers: https://vrysellas.com/real-estate-cal... Spiro Vrysellas, Broker | Vrysellas Team | Elevate Realty Inc., Brokerage