True Cost of Buying a Home in Canada Calculator
The sticker price is not the price. This calculator adds land transfer tax, legal fees, CMHC insurance, inspection, title insurance, adjustments, and monthly carrying costs to show the real all-in cost of buying a home in Canada.
Closing costs it includes
Provincial and municipal land transfer taxes (including Toronto's), CMHC mortgage default insurance premiums by down-payment tier, legal fees and disbursements, title insurance, home inspection, appraisal, and pre-paid adjustments for taxes and utilities.
Carrying costs it projects
Mortgage payment at your rate and amortization, property tax, condo fees where applicable, insurance, utilities, and maintenance reserves — the monthly number that actually determines affordability.