North York, Toronto
Toronto land transfer tax calculator for North York condos
A condo in North York is a purchase inside the City of Toronto, so two land transfer taxes are due: one to Ontario and one to the City. Enter a price to see both.
Why a North York purchase pays two taxes
Ontario charges land transfer tax on purchases across the province. The City of Toronto charges a municipal land transfer tax of its own on property inside the city. North York is a former city that is now part of the City of Toronto, so a condo apartment or condo townhouse there carries both. Up to $3,000,000 the two taxes use the same graduated rates, so below that price the City amount equals the Ontario amount.
Both taxes at sample condo prices
| Price | Ontario | City of Toronto | Both taxes | With maximum first-time relief |
|---|---|---|---|---|
| $450,000 | $5,475 | $5,475 | $10,950 | $2,475 |
| $600,000 | $8,475 | $8,475 | $16,950 | $8,475 |
| $800,000 | $12,475 | $12,475 | $24,950 | $16,475 |
| $1,000,000 | $16,475 | $16,475 | $32,950 | $24,475 |
| $1,500,000 | $26,475 | $26,475 | $52,950 | $44,475 |
| $2,500,000 | $48,975 | $48,975 | $97,950 | $89,475 |
The prices in the table are round numbers chosen to show the brackets. They are not market figures. TRREB sale figures for North York districts are on the North York condo prices page.
The rates behind the calculator
| Part of the price | Ontario | City of Toronto |
|---|---|---|
| Up to $55,000 | 0.5% | 0.5% |
| $55,000.01 to $250,000 | 1.0% | 1.0% |
| $250,000.01 to $400,000 | 1.5% | 1.5% |
| $400,000.01 to $2,000,000 | 2.0% | 2.0% |
| $2,000,000.01 to $3,000,000 | 2.5% | 2.5% |
| Over $3,000,000 up to $4,000,000 | 2.5% | 4.40% |
| Over $4,000,000 up to $5,000,000 | 2.5% | 5.45% |
| Over $5,000,000 up to $10,000,000 | 2.5% | 6.50% |
| Over $10,000,000 up to $20,000,000 | 2.5% | 7.55% |
| Over $20,000,000 | 2.5% | 8.60% |
These are the rates for property that contains one or two single family residences. The Ontario rates have been in effect since January 1, 2017. The City of Toronto rates above $3,000,000 took effect on April 1, 2026. For all other property, the City rate stays at 2.0% above $400,000.
The City page does not say whether a single condominium unit counts as a single family residence for the rates above $3,000,000. The calculator applies them. If you are buying a North York condo above $3 million, ask your lawyer which City rate applies before you rely on the figure shown here.
First-time buyer refund and rebate
Ontario refunds up to $4,000 of its tax to a qualifying first-time buyer, which Ontario describes as no land transfer tax on the first $368,000. The City of Toronto rebates up to $4,475 of its tax on a newly built or resale home. Added together, the two reach $8,475.
- You are at least 18 years old.
- You are a Canadian citizen or permanent resident. The City also accepts an application from a buyer who becomes one within 18 months of the transfer.
- You move in and use the home as your principal residence within nine months.
- You have never owned a home or an interest in a home anywhere in the world.
- Your spouse has not owned a home while being your spouse.
- The Ontario refund is claimed within 18 months of registration.
The North York condo buying guide sets these programs beside the FHSA and the Home Buyers' Plan. Our post on closing costs on a North York condo lists the other amounts due on closing day.
What to do with the number
Land transfer tax is a cost in addition to the purchase price, so it belongs in your savings plan beside the down payment. Run the same price through the mortgage calculator for North York condos to see the minimum down payment and an estimated payment. This page is general information, not legal or tax advice. Ask your lawyer to confirm the amounts for your purchase and whether you qualify for the refund and the rebate.