Closing Cost Estimator.
Every closing-day line — LTT, legal, title, adjustments, Tarion. The full stack between asking price and the keys.
Frequently asked.
What does a Toronto luxury closing actually cost on top of the purchase price?
On a $5M Toronto luxury condo (resale, non-FTB), expect roughly $290K–$310K in closing costs: ~$271K LTT (PLTT $111K + MLTT $160K), $5K legal fees + HST, ~$3K title insurance, ~$3K property tax adjustment, ~$2K condo fee adjustment, plus the status certificate. Pre-construction adds the Tarion enrolment fee and a 2-month reserve fund prepayment. The single biggest line, every time, is the Land Transfer Tax — which is why the LTT calculator gets its own page.
Are the legal fee figures accurate for luxury condos?
They're midpoint estimates based on 2026 Toronto real estate lawyer publications. Real ranges: $1,500–$3,500 standard / $3,500–$7,500+ for $5M+ luxury / more for foreign-buyer or trust structures. Disbursements add $400–$1,500. HST (13%) applies on the legal fee + disbursements. For a hard quote, your real estate lawyer will quote against the specific deal.
How is title insurance priced?
One-time premium, scales sub-linearly with price. FCT and Stewart Title rate calculators handle up to $10M; above that requires a manual underwriter quote. Typical premiums (residential): ~$1,200 at $1M, ~$3,000 at $5M, ~$6,000 at $10M, $8K–$15K+ at $20M. HST applies. The calculator interpolates within the published tiers.
What is the property tax adjustment?
Property tax is paid annually but accrues continuously. If the seller paid the year's tax in May and you close in July, the seller is owed back the unused portion. Your closing statement reflects this as a credit to the seller. The calculator defaults to a 2-month adjustment, which is the most common range for mid-year Toronto closings; your lawyer will compute the exact daily prorate.
Are the Tarion enrolment fees accurate for pre-construction?
Yes — Tarion published an updated enrolment fee schedule effective Sept 1, 2025. The calculator uses the published tiered rates for new condo units, not the freehold or condo conversion rates. The fee is statutorily payable by the builder but virtually all luxury pre-con APS contracts pass it through to the buyer at final closing. HST applies. Confirm against your APS.
What about the federal Prohibition Act and NRST?
NRST is calculated separately — see the dedicated NRST calculator. The federal Prohibition on the Purchase of Residential Property by Non-Canadians Act may block a non-Canadian from completing the closing entirely until Jan 1, 2027. Both regimes are independent of LTT and the closing-cost line items shown here.
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