Land Transfer Tax is the tax you need to pay when you buy a property. Some cities has their own calculation for Land Transfer Tax amount like City of Toronto
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Land transfer tax is one of the biggest extra money you need to pay when you buy a property. Your mortgage agent will always add this amount when he/she is preparing the proceed report for you.
Land transfer tax is amount is uniform all across Ontario but there is additional charges for only the City of Toronto.

In some cases there will be rebate on Land transfer tax like:
  • First Time Home Buyers with property price less than $368,333 the Land Transfer Tax will be fully refunded.
  • First Time Home Buyers with property price more than $368,333 the there will be $4,000 rebate on Land transfer Tax.
Serving Mortgage / Loan Industry in Greater Toronto Area (GTA) - Canada