30 Days. 30 Things to Know Before You Buy. Day 26 - The Land Transfer Tax

Land transfer tax is one of the largest closing costs — and most buyers underestimate it. 🧾

In Ontario, it's calculated as a percentage of the purchase price on a sliding scale.

On a $700,000 home, provincial land transfer tax is roughly $9,975.

First-time buyers get a provincial rebate of up to $4,000 — applied automatically by your lawyer at closing. 💡

Buying in Toronto?
There's a municipal tax on top.
Outside Toronto — provincial only.

Run the numbers before you set your closing cost budget.

The free 30-day workbook — link in bio to grab it now.

#FirstTimeHomeBuyer #HamiltonRealEstate #YourMoveElevated

Видео 30 Days. 30 Things to Know Before You Buy. Day 26 - The Land Transfer Tax канала elevated & co. realty