Residential closing cost calculator
Closing costs in BC, Ontario and Alberta — land transfer tax, legal, appraisal and financing fees, all in one number. Built for purchases and refinances on A, Alternative (B) and Private mortgages.
Your residential deal
Override fee estimates
- Land transfer tax$16,000
- Legal fees$2,500
Where your residential 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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- 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
Common questions
What are closing costs on a house in Canada?+
Budget 1.5–4% of purchase price. Closing costs include land transfer tax (varies by province — biggest single line in BC and Ontario), legal fees (~$2,500 including title insurance and disbursements), appraisal (~$500, often waived on insured A mortgages), home inspection, and any lender or broker financing fees. Alternative (B) files typically carry a 1–2% brokerage fee plus a 1–2% lender fee; private files a 1–2% brokerage fee plus a 1–3% lender fee — see our published fee schedule.
How much are closing costs in BC?+
In British Columbia, budget roughly 1.5–3% of the purchase price. The biggest line is the BC Property Transfer Tax — 1% on the first $200,000, 2% from $200,000–$2M, 3% above $2M, plus a further 2% on residential value over $3M — about $18,000 on a $1,000,000 home. First-time buyers and newly-built home buyers may pay little or none. Add legal fees (~$2,500 including title insurance) and an appraisal (~$500, often waived on insured purchases). This calculator totals all of it for a BC purchase or refinance.
How much are closing costs in BC, Ontario and Alberta?+
BC: roughly 1.5–3% — PTT is the big line ($18,000 on a $1M home, with first-time and new-build rebates). Ontario: 2–4% — LTT is doubled in Toronto via MLTT, so a $1M Toronto home is around $32,950 in tax alone. Alberta: under 1% — only modest land title and mortgage registration fees, no provincial transfer tax.
Are closing costs different on a refinance vs purchase?+
Yes — refinances skip land transfer tax entirely. You're left with legal (~$1,500–$2,500), appraisal (usually required, ~$500) and any lender/broker financing fee. That's why refis usually close for under $3,000 on an A lender.
Do I pay closing costs on an Alternative (B) or private mortgage?+
Yes, and they're materially higher than A lenders. Alternative (B) lenders charge a 1–2% lender fee; private lenders 1–3% — plus a 1–2% brokerage fee in both cases (minimums around $2,500). The calculator splits these out so you can compare offers apples-to-apples.
Case Studies — files like this
Anonymized case studies from our desk. Names and identifying details removed.
Every calculator here is built on published Canadian government rules and lender methodology, and was last checked for accuracy on August 1, 2026 — the arithmetic re-verified and every page re-read on screen. Rates and thresholds change — we confirm the current numbers for your file before you rely on them.