Land transfer tax is one of the biggest closing-day surprises for GTA buyers, and one of the easiest to plan for. On an $800,000 home in Mississauga, you are looking at $12,475 owed at closing. Buy the same home in Etobicoke and you pay roughly $12,475 more, because Toronto charges its own municipal land transfer tax on top of the provincial one. Here is exactly how it works in 2026, what first-time buyers can claim back, and how to figure out your number before you sign... [read more]