Ottawa Closing Costs Calculator
On a $683,000 purchase, budget $11,935 to $17,035 in cash on top of your down payment. Here is every line, with the Ottawa numbers filled in.
Typically $900 to $2,500 including disbursements.
1.75% of the purchase price, on top of the down payment
Check what I qualify forEvery line, and who pays it
| Cost | Typical range |
|---|---|
| Ontario land transfer tax Due in cash on closing. Calculate it → |
$10,135 |
| Legal fees and disbursements Quebec uses a notary rather than a lawyer, typically $1,500–$2,500. |
$900 – $2,500 |
| Title insurance Not customary in Quebec, where a certificate of location ($800–$1,500) does the same job. |
$200 – $500 |
| Home inspection Optional, and worth every dollar on a resale. |
$400 – $800 |
| Appraisal Lender-ordered. Often waived on insured purchases. |
$300 – $600 |
| Property tax adjustment Reimburses the seller for taxes they prepaid past your closing date. |
$0 – $2,500 |
- Ontario charges 8% PST on the default-insurance premium, payable in cash at closing — it cannot be added to the mortgage.
What the seller pays
Real estate commission and their own legal fees, plus the status or estoppel certificate on a condo. None of that lands on your side of the statement.
Your Ottawa closing cost checklist as a PDF
Every line item with your numbers filled in, formatted so you can hand it to your lawyer or take it to the bank. Free.
What rate would you actually get?
A 25 basis point difference on a $639,700 mortgage costs about $8,000 over a five-year term — several times the closing costs you are budgeting for here.
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How much are closing costs in Ottawa?
Budget $11,935 to $17,035 on a $683,000 purchase. Ontario land transfer tax is the biggest line at $10,135. The rule of thumb of 1.5% of the purchase price holds up in most provinces and badly understates it in Toronto.
Which closing costs can I finance?
Almost none of them. Default insurance premium is the exception — it is added to the mortgage. Everything else, including the provincial sales tax on that premium, has to be cash on closing day. Lenders will ask you to prove you have it.
Do I need title insurance?
Most lenders require it, and at $200 to $500 it is the cheapest protection on the file. It covers survey problems, title defects and, increasingly, title fraud.
What does the property tax adjustment mean?
If the seller has already paid the year's property tax past your closing date, you reimburse them for the part of the year you will own the home. In Ottawa the residential rate is 1.227%, so a $683,000 home carries about $8,381 a year — the adjustment is a slice of that.
Why is there sales tax on my mortgage insurance in Ontario?
Ontario charges 8% provincial sales tax on the default-insurance premium. The premium itself gets added to your mortgage; the tax on it does not. On a $683,000 purchase with the minimum down payment that is roughly $2,047 in cash you have to find on closing day.
Transfer tax figures from ontario.ca, checked 22 August 2026. Price basis: average selling price, July 2026, OREB. The Ottawa property tax rate is drawn from a 2026 aggregate rather than the municipality's own schedule — confirm it with the city before relying on the adjustment figure. Ranges are typical, not quotes. Your lawyer produces the binding statement of adjustments.
The math is free. Acting on it is the point.
When you are ready to do something with these numbers, we will introduce you to a licensed broker who can put the file in front of lenders. Nothing here obliges you to.
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