How is it calculated?
Each province charges a land transfer tax or registration fee when title changes hands. Most are marginal: each rate applies only to the part of the price in its bracket.
What should I do with the result?
Use it to set a budget or a target rate, then let brokers and lenders bid on your actual mortgage. Bids include rate, penalty method, prepayment and fees, so you can compare the full cost.
Licensed mortgage brokers bid alongside banks, credit unions and private lenders on MortgageBids.ca. One broker bid can tap dozens of lenders, and on most prime mortgages the lender pays the broker, not you. Why use a mortgage broker · Get broker and lender bids
Frequently asked questions
Which provinces have no land transfer tax?
Alberta, Saskatchewan, Newfoundland and Labrador and the territories charge registration fees instead.
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