Commercial Closing Costs
Commercial closing cost calculator
Audience: commercial investors and developers. Land transfer tax, GST/HST, commercial legal, appraisal, environmental Phase 1/2 and financing fees — all in one estimate.
Your commercial deal
Transaction
Province
Mortgage type
Environmental report
Override fee estimates
Estimated closing costs
$71,000
Cash you'll need at closing, on top of your down payment.
- Land transfer tax$38,000
- Legal fees$8,500
- Appraisal$3,500
- Environmental Phase 1$3,500
- Financing fee (1.25% of mortgage)$17,500
GST (5%) self-assessed: $100,000 reported on the GST/HST return and typically offset by an input tax credit — no cash owed at closing.
Estimates only. Legal ($7,500–$10,000), appraisal ($2,500–$5,000) and environmental ($2,500–$10,000) ranges vary by lender, property and complexity. Insured A residential mortgages typically waive appraisal and cap total purchase price (incl. GST) at $1,499,999. Refinances don't pay land transfer tax. Get the exact numbers in your quote.
Where your commercial closing cash goes
Each bar is one line item from the list above. The biggest bar is usually the one to negotiate or shop hardest.
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We'll give you exact legals, appraisal, financing fees and lender quotes for your specific deal — not a calculator estimate.
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What this calculator does that most don't
- Fee schedules change by lending lane — A-insured, A-conventional, B, and private each carry their real financing, legal, and appraisal costs
- Commercial mode includes Phase 1 and Phase 2 environmental report costs — the line items that surprise first-time commercial buyers
- New-build GST with the federal New Housing Rebate phase-out ($350K–$450K) and Ontario's provincial rebate — plus when GST can be financed into a private mortgage
Also see: Commercial financing fees · Cap rate & DSCR.