3 notes on this topic.
Ontario charges land transfer tax in marginal bands, and Toronto is the only municipality that adds a second one. What that means for a Windsor-Essex closing, worked out at real prices, plus how the $4,000 first-time buyer refund actually applies.
In one of the region's eight municipalities, $500,000 shops the upper half of what is for sale. In the other seven it shops the bottom. Where the number lands, what it triggers in the down payment rules, and what leaves the account before the price does.
Every price figure here is an asking price, not a sale price, and the difference matters more than it sounds. How the numbers on this site are built, and what they can and can't tell you.
Harjeet Singh, REALTOR® · Jump Realty