Shop Your Own Mortgage - Your Mortgage, Your Way

What is land transfer tax in Ontario?

When you acquire land or a beneficial interest in land, you must also pay land transfer tax to the province when the transaction closes.

Above all, land transfer tax is based on the amount paid for the land. The tax is also based on the remaining amount of any assumed mortgage or debt when buying the land.

In some cases, land transfer tax is also based on the fair market value of the land, such as in:

  • A lease transfer with a remaining term certainly exceeding 50 years
  • Land transfer from a corporation to another one of its shareholders
  • The transfer of land to a corporation, if shares of the corporation are issued as a result

Ask one of our experts to see if you maybe qualify for exemptions or refunds.

How Is This Transfer Tax Calculated?

Ontario Transfer Tax:
Purchase Price of Home: $55,000 

Marginal Tax Rate:
$55,000.01 to $250,000.00    1.0%
$250,000.01 to $400,000.00    1.5%
$400,000.01 to $2,000,000.00    2.0%

Why We're Different:

Best Mortgage Rate

Get the lowest rate, plus so many additional benefits.

Local Lenders to Major Banks

Find the lender that best suits your needs, from local lenders to major banks.

Compare Lenders

Compare over 30 different lenders to choose one that best suits your needs.

One Solution, Various Platforms

Available through the web, iOS and Android. Visit our website or download our mobile app today to apply.

Fast and Secure

All the information you submit is secure, encrypted and only viewable by you.

Never Been Easier

Apply through our website, our mobile app or with our digital assistant. We make it fast and easy to apply!

Our Mobile App is Simple & User-Friendly

Uploading your income documents with your mobile device has never been easier!

Apple Store button
Google Play Button

Join Our Community!

More than 25,000 people trust us for their mortgage needs.

Carly F.
We are very excited to have been approved within a matter of days for our new mortgage. The app was simple to use and our account manager was very helpful in providing us with options for mortgage providers.
Carly F.
Sharone
It was my first time shopping for a mortgage online and it was the best experience ever! I didn’t have to take any time off work, or make a bunch of appointments to review my documents. I got the lowest rate going and it couldn’t have been easier.
Sharone
Carol Stewart
I received fast responses, easy solutions, and oh yeah… a guarantee of the lowest rate in Canada.
Carol Stewart
Rachel
The hypothetical rate is awesome. Thank you for your work in getting that together for me. It is very much appreciated. And thank you for your hard work as well, explaining how your company works, patiently answering my questions, and for the link. I look forward to working with you again.
Rachel

Latest Mortgage Buzz