Ontario Real Estate Tools

Know your numbers before you shop.

Free calculators built for Ontario — mortgage payments, land transfer tax, what you can afford, full closing costs, and your net proceeds as a seller.

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Gerald's tip: With less than 20% down, mortgage default insurance (CMHC) is required in Canada — it's added to your mortgage automatically below.
Estimated Monthly Payment
$0/mo
Mortgage amount$0
CMHC insurance$0
Total financed$0
Stress-test payment*$0/mo

*Canada's mortgage stress test: your bank must qualify you at your rate + 2% (or the minimum qualifying rate, whichever is higher). Ballpark numbers, not financial advice — Gerald can connect you with a trusted local broker.

Good news: Unlike Toronto, Hamilton and Burlington have no municipal land transfer tax — you only pay the provincial tax.
Ontario Land Transfer Tax
$0
Provincial LTT$0
First-time buyer rebate−$0
Municipal LTT (Hamilton/Burlington)$0 ✓
Total due on closing$0

Ontario LTT brackets: 0.5% to $55K · 1% to $250K · 1.5% to $400K · 2% to $2M · 2.5% above $2M. Estimates only — your lawyer confirms the exact figure.

How it works: Lenders cap housing costs at ~39% of gross income (GDS) and total debt at ~44% (TDS), tested at the stress-test rate.
Estimated Maximum Purchase Price
$0
Estimated max mortgage$0
Monthly payment (at your rate)$0
Minimum down payment required$0
Estimated closing costs$0
GDS / TDS at this price0% / 0%

Estimate using standard GDS/TDS ratios at the stress-test rate, with a $150/mo heat allowance. Not financial advice — Gerald can connect you with a great local broker.

Good news for Hamilton & Burlington buyers: there's no municipal land transfer tax here — that's a Toronto-only cost.
Estimated Cash Required at Closing
$0
Provincial land transfer tax$0
Toronto municipal LTT$0
First-time buyer rebate−$0
Legal fees (est.)$0
Title insurance (est.)$0
Home inspection + appraisal$0
PST on mortgage insurance$0
Property-tax adjustment + moving$0
Estimated cash at closing$0

An estimate only — confirm with your lawyer, lender and a tax professional. CMHC insurance itself is added to your mortgage; only the 8% Ontario PST on it is due in cash at closing.

Heads up: real estate commission is subject to 13% HST in Ontario — this worksheet includes it.
Estimated Cash Remaining
$0
Commission + 13% HST$0
Legal, discharge & other$0
Repairs, staging & moving$0
Total selling costs$0
Mortgage payout$0
Estimated cash remaining$0

A ballpark scenario, not a guarantee. Ask Gerald for a more accurate selling scenario →

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1 yr25 yrs
How this works: we compare your net worth after your stay — buying (home equity after ~5% selling costs) vs. renting and investing the down payment plus any monthly savings at your assumed return. Includes ~1.5% buying costs, ~0.9%/yr property tax and ~1%/yr upkeep. Estimates only, not advice.
Better off after 7 years
$0
If you buy — net worth$0
If you rent & invest$0
Buying pulls ahead—
Est. monthly to buy$0

A model, not advice — the result swings a lot with the assumptions on the left. Talk it through with Gerald →

Note: These are approximate current residential rates and change every year — confirm the exact rate with your municipality. Ontario homes are assessed by MPAC, and the assessed value can differ from today's market value.
Estimated Annual Property Tax
$0/yr
Monthly$0
Rate applied—
Per $100,000 of value$0

Approximate only. Plug this figure into the affordability or closing-cost calculators.

Get a free home valuation

AI Affordability Advisor

Not sure what you can actually afford?

Three quick numbers and Gerald's AI gives you a plain-English read — no jargon, using today's benchmark rate.

Uses today's Bank of Canada benchmark for the qualifying rate.

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