Question: how much does it cost when buying a house?
Answer: AVERAGE COST: Ontario's land transfer tax ranges from 0.5% to 2%, depending on property value. The average Canadian house price is now $365,000, which would require an Ontario land transfer tax payment of $3,675. The good news: first-time buyers in Ontario, B.C. and P.E.I. can apply for a rebate of up to $2,000.