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Buying Real Estate in Toronto There are a variety of property types to choose from when looking for real estate in Toronto. There are 2,571, 322, and 2,548 for sale. For past listings, search our and The average listing price in Toronto for all home types is $1,345,211, which is 49% higher than November 2017.

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The average list price differs significantly when broken down by home type. The average listing price of a house is $1,889,632, $765,858 for a townhouse, and $784,145 for a condo. There are many popular cities surrounding Toronto, including, that offer a variety of home prices and unique areas to live. Toronto also has many options for renters with 5,178 active rental listings and an average lease price of $3,123. Toronto Neighbourhoods Toronto is home to 407 unique. Popular neighbourhoods include, with 174 active real estate listings, with 174 active real estate listings, and, with 174 active real estate listings. Toronto Property Taxes Residents of the City of Toronto are expected to pay property taxes on all residences that they own.

Property taxes can usually be found on each active Zoocasa listing, or can be looked up. As of 2017, the estimated property tax residents can expect to pay is 0.66% per year.

To see where your property tax payments go see below for an example, assuming a property price of $587,471. Property Tax Breakdown City Tax $2,836 0.48% Education Tax $1,052 0.18% Total Tax $3,888 0.66% Breakdown of City Tax Portion Police Services $696 25% TTC $476 17% Debt Charges $349 12% Fire Services $292 10% Shelter & Housing Adminstration $281 10% Parks, Forestry & Recreation $220 8% Transportation Services $146 5% Public Library $124 4% Other $252 9% Total $2,836 100% Toronto Land Transfer Tax When purchasing a property in Toronto you’ll have to pay both Provincial Land Transfer Tax as well as Toronto Municipal Land Transfer Tax, which are both due upon closing.

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If you’re a first-time home buyer, you’re eligible for a rebate on both the provincial and municipal taxes – a maximum of $4,000 for provincial and $4,475 for municipal. See below for provincial and Toronto municipal land transfer tax rates. Toronto LTT Rates Purchase Price Rate $0 - $55,000 0.5% $55,000.01 - $250,000 1.0% $250,000.01 - $400,000 1.5% $400,000.01 - $2,000,000 2.0% $2,000,000+ 2.5% Ontario LTT Rates Purchase Price Rate $0 - $55,000 0.5% $55,000.01 - $250,000 1.0% $250,000.01 - $400,000 1.5% $400,000.01 - $2,000,000 2.0% $2,000,000+ 2.5% Example calculation for total land transfer tax, assuming a $600,000 purchase price.