When you go looking for a house to buy, there are any number of things to think about. The main thing is that you will be taking on a financial commitment that will take you well into the future. Here are some tools for you to use, just for starters, to get you in the right mindset for your hunt.

MORTGAGE CALCULATOR


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CMHC will not insure amortization terms of over 25 years.

Optional: Adjusting a down payment amount will effect its corresponding data results below.

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LAND TRANSFER TAX CALCULATOR


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Ontario Land Transfer Tax Explained

  • 0.5% - on the first $55,000
  • 1.0% - on portion between $55,000 - $250,000
  • 1.5% - on balance over $250,000
  • 2.0% - on anything over $400,000
  • Qualifying first time buyers receive up to a $2000 credit

Toronto Land Transfer Tax Explained

  • 0.5% - on the first $55,000
  • 1.0% - on portion between $55,000 - $400,000
  • 2.0% - on anything over $400,000
  • First time buyers are exempt on the first $400,000