Home buyers in Ontario pay a percentage of their home’s value as LTT. The tax rates are:
0.5% on the first $55,000
1.0% on the portion from $55,001 to $250,000
1.5% on the portion from $250,001 to $400,000
2.0% on the portion from $400,001 to $2,000,000
2.5% on any amount over $2,000,000