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Why land transfer tax looks different in Toronto and the 905
Buyers comparing Toronto with Oakville, Mississauga, Milton, or Burlington often miss one line item. Toronto charges a municipal land transfer tax on top of the Ontario provincial one, so the same purchase price costs more to close inside Toronto. Oakville, Mississauga, Milton, and Burlington charge only the provincial tax, which is why the same budget can stretch further west of the city. First-time buyers may qualify for a rebate on the provincial tax, and on the Toronto tax as well if buying there. Once you have your number, the home buying process in the GTA, step by step, shows what happens next.
Know your number? Here’s the next step.