Ontario Home Cost Calculator for 2026
Go beyond the mortgage payment. Estimate your mortgage, CMHC insurance, Ontario land transfer tax, first-time homebuyer refund, closing cash and ongoing monthly ownership costs.
Your home purchase
Monthly costs
*Down payment + net Ontario land transfer tax + Ontario tax on estimated CMHC premium. Legal fees, title insurance, adjustments, inspections, moving costs and other variable costs are not included. Toronto municipal land transfer tax is not included.
How much does owning a home really cost in Ontario?
A mortgage payment is only part of home ownership. This calculator combines financing with property tax, insurance, utilities, maintenance and optional recurring costs to produce a more realistic monthly estimate.
With less than 20% down, mortgage loan insurance is typically required. The estimated premium is added to the mortgage, while Ontario sales tax on the premium is shown separately.
Ontario land transfer tax
The calculator uses Ontario's graduated land-transfer-tax rates. Eligible first-time homebuyers may receive a refund of up to $4,000. Toronto has an additional municipal land transfer tax that is not included here.
Need professional help?
If you'd like a recommendation for a mortgage, real-estate, legal or other professional, contact Matelacom here.
Matelacom may receive a referral fee from some professionals if you choose to become a client.
Official information
Ontario land transfer tax • First-time homebuyer refund • CMHC insurance calculator
Last reviewed August 2026. Educational estimate only, not mortgage, legal, tax or financial advice.