Toronto Real Estate Closing Costs for Buyers and Sellers
Closing costs in Toronto can add tens of thousands of dollars beyond the purchase price. Here is what buyers and sellers should budget for.
7 min read | Updated 2026-05-04
Buyer closing costs
The largest buyer closing cost is land transfer tax, which in Toronto includes both the Ontario provincial tax and the Toronto municipal tax. On a $900,000 purchase, combined land transfer tax exceeds $25,000.
Other buyer costs include real estate lawyer fees (typically $1,500 to $2,500), title insurance, home inspection, appraisal (if required by the lender), property tax and utility adjustments, and moving expenses.
Seller closing costs
The largest seller closing cost is typically the real estate commission, which is negotiated between the seller and the listing brokerage. Sellers also pay legal fees for the discharge of their existing mortgage, any outstanding property tax adjustments, and potential staging or repair costs incurred before listing.
Sellers should also budget for the time between accepting an offer and closing day. If you are also buying, bridge financing or coordinated closing dates can add complexity and cost.
Plan the full picture before you commit
Whether buying or selling, the net number after all costs is what matters. A seller consultation or buyer consultation can help you map out the real financial picture so you make decisions based on actual numbers, not assumptions.