Province
Buy vs rent in Ontario
Ontario land transfer tax is tiered. Toronto adds a municipal land transfer tax. First-time buyer rebates are available.
Closing costs in Ontario
| Home price | Transfer tax / registration | Total closing costs |
|---|---|---|
| $400,000 | $4,475 | $8,575 |
| $600,000 | $8,475 | $12,575 |
| $900,000 | $14,475 | $18,575 |
Renting in Ontario
Ontario’s 2026 rent increase guideline is 2.1%, and it does not cover units first occupied after November 15, 2018.
Cities in Ontario
- Buy vs rent in Toronto
- Buy vs rent in Ottawa
- Buy vs rent in Mississauga
- Buy vs rent in Hamilton
- Buy vs rent in London
- Buy vs rent in Kitchener-Waterloo
Questions people ask
Does Ontario have a land transfer tax?
Ontario land transfer tax is tiered. Toronto adds a municipal land transfer tax. First-time buyer rebates are available.
Is it better to buy or rent in Ontario?
It depends on your city, how long you stay and your assumptions. Using Toronto planning inputs, buying does not overtake renting within 40 years. Open a city page or the calculator to test your own numbers.
Educational illustration; not advice. Confirm taxes and exemptions with your lawyer or notary.