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Canada · CAD

Real estatein Canada

Canada devolves the transaction to the province. Toronto stacks a municipal land transfer tax on the Ontario one; Alberta charges no transfer tax at all; Québec closes in front of a notaire under civil law. sivrce opens Toronto, Vancouver, Montréal, Calgary, Ottawa and Edmonton — six metros, not one maple-leaf doorway.

VancouverMontréalCalgaryOttawaEdmonton
Land titles path
Reserve fund checked
3D map
2×land transfer tax inside the City of Toronto
0%land transfer tax in Alberta
FINTRACsource-of-funds KYC on every closing
Stratareserve fund and depreciation report decide the deal
What a purchase really costs

$900,000 home in Toronto

Land transfer tax (4%)
$36,000
Lawyer, title insurance & disbursements (≈0.4%)
$3,600
Inspection & appraisal (≈0.15%)
$1,350
Cash needed at closing
$940,950

≈ +4.6% over the price. Land transfer tax is provincial and, in Toronto, charged twice — once by Ontario and once by the city. Alberta charges none at all and takes registration fees instead. The rates are banded, so the percentages here are effective rates at the sample price, not a flat levy. Foreign-buyer prohibitions and provincial surtaxes have changed more than once — read the statute in force on your closing date.

Rentals run on rules

The rent side, in three lines

  • Rent increase guidelines are provincial and annual — Ontario publishes a percentage, British Columbia publishes its own, Alberta publishes none.
  • Deposit rules differ sharply: Ontario allows last month’s rent, British Columbia allows a half-month security plus a half-month pet deposit.
  • Empty-home and speculation taxes apply in Vancouver, Toronto and across Metro Vancouver — an overseas lock-up is not a free hold.

In a condo the reserve fund study is the yield. A special assessment outranks every projection in the brochure.

Cities

Six metros, ten provincial rulebooks

Canada devolves the transaction to the province. Toronto stacks a municipal tax on the Ontario one; Alberta charges neither. The same price closes very differently in Calgary and in the 416.

Land transfer tax is banded, so the effective rate depends on the price: inside the City of Toronto the two levies together land near 4% at the million-dollar mark, while a Calgary closing pays registration fees measured in hundreds of dollars. Budget the statute that applies on your closing date, not the one from a 2021 forum post.

Title is land-titles based and reliable; the risk sits in the building. A condo reserve-fund study or a BC depreciation report outranks every projection in the brochure, and a special assessment can arrive the month after closing. Pre-construction assignments are their own contract file.

Non-resident rules have flipped more than once between federal prohibitions and provincial surtaxes, and empty-home taxes now apply in Vancouver, Toronto and across Metro Vancouver. FINTRAC source-of-funds checks are slow on purpose.

FAQ

Can a non-resident buy in Toronto?
Check the federal prohibition in force and the Ontario non-resident speculation tax before you fly. The rule set has changed more than once and this page will not pretend a frozen yes.
Why is Alberta so much cheaper to close?
Alberta levies no land transfer tax and no provincial sales tax — you pay land titles registration fees instead. On a $900,000 purchase that is a five-figure difference against Toronto.
CAD not USD?
Canada prices in Canadian dollars. sivrce.ge listings stay GEL/USD. Do not mix the two catalogs.

All markets: sivrce.com · Georgia marketplace: sivrce.ge · Prices and availability are published only when a verified listing exists. Market currency: CAD.