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 files. Names and identifying details removed.
- Case study · Residential / AlternativeBuying Out a Half Owner in Maple Ridge: An Alternative-Lender Refinance at 70% on Homestay and Suite IncomeBuying out a half owner on one fixed salary and non-taxable homestay income with no pay stubs: an alternative lender refinanced the Maple Ridge house at 70% in 2021, $1,050,000, grossing the homestay and child benefit up 25%.Read the file →
- Case study · Residential / PrimeRideshare Income and 10% Down: A Major Bank's Insured Mortgage Bought a First Condo in Delta at 90%A self-employed rideshare driver and a draftsperson bought their first home, a Delta condo, at 90% in 2024 with a major Canadian bank's insured mortgage, $432,000 plus the premium at about 4.8%, the driving income averaged over two years and grossed up by 15%.Read the file →
- Case study · Residential / AlternativeA Private Second Mortgage, a Car Loan and Family Debt: One Alternative-Lender Refinance at 77% in Maple RidgeA private second mortgage, a $73,000 car loan, family debt and cards on two incomes: an alternative lender refinanced the Maple Ridge townhouse at about 77% in 2025, $750,000 at just under 5%, and paid everything out into one payment.Read the file →
Every calculator here is built on published Canadian government rules and lender methodology, and was last checked for accuracy on October 18, 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.