Closing Costs Calculator
Know what you're in for. Estimate Land Transfer Tax, legal fees, and every other cost buyers and sellers pay on closing day in London Ontario.
Buying Costs
Ontario Land Transfer Tax Rates
London Ontario has no municipal land transfer tax — only the provincial rate applies, unlike Toronto.
First-Time Buyer Rebate
Eligible first-time buyers in Ontario receive up to $4,000 back on Land Transfer Tax — enough to fully eliminate the tax on homes up to roughly $368,333.
Want an Exact Number?
These are estimates. Justin will walk you through your exact closing costs based on your specific purchase or sale.
Talk to JustinFigures are estimates for general planning purposes only and not legal, tax, or financial advice. Confirm exact amounts with your real estate lawyer and mortgage professional before closing.
Closing Costs FAQ
How much are closing costs when buying a home in London Ontario?
Closing costs for buyers in London Ontario typically total 1.5% to 3% of the purchase price, including Ontario Land Transfer Tax, legal fees ($1,200–$1,800), title insurance ($200–$400), a home inspection ($450–$600), and moving costs. First-time buyers can reduce their Land Transfer Tax by up to $4,000 through the provincial rebate.
Do sellers pay Land Transfer Tax in Ontario?
No. Land Transfer Tax is paid only by the buyer on closing. Sellers instead pay real estate commission (plus HST), legal fees, and — if applicable — a mortgage discharge fee to pay out their existing mortgage.
How much is the Ontario first-time home buyer Land Transfer Tax rebate?
Eligible first-time buyers in Ontario receive a rebate of up to $4,000 off their provincial Land Transfer Tax, which fully eliminates the tax on homes purchased for approximately $368,333 or less.
Is there a municipal Land Transfer Tax in London Ontario?
No. Unlike Toronto, London Ontario only charges the provincial Land Transfer Tax — there is no additional municipal land transfer tax on top of it.