Closing costs and transaction law
Every dollar between the price and the wire
What does it cost to close a $1,000,000 commercial purchase in Canada?
Between $5,870 in Yukon and $25,076 in British Columbia — a $19,206 spread on an identical purchase, driven almost entirely by statutory transfer tax rather than professional fees.
Commercial closing and escrow data. Escrowlor computes land transfer tax from the bracket tables in force, adds the registration tariff, the sale tax treatment and your own legal and title estimates, and prints a closing cost statement with the statute and effective date beside every line.
Jurisdictions
13
Municipal levies
5
Cheapest to close
Yukon
Most expensive
British Columbia
01Closing cost calculator
Closing cost calculator
On a $1,000,000 purchase in Ontario, cash to close is $23,854 — 2.39% of price — and the largest single line is land transfer tax (ontario) at $16,475. Statute and tariff account for $16,704 of it, which no negotiation can reduce.
Transfer / registration tax
$16,475
Registration and search
$229
Cash to close
$23,854
% of price
2.39%
Rates effective as of 2024-01-01
Closing cost statement
$1,000,000 commercial purchase — Ontario
Rate tables effective as of 2024-01-01 · prepared by Escrowlor · figures are the reader's own inputs applied to published statute
| Line | Amount | Authority |
|---|---|---|
| Land transfer tax (Ontario) | $16,475 | Land Transfer Tax Act, R.S.O. 1990, c. L.6, s. 2(1) — general rate on the value of the considerationeffective 2017-01-01source |
| Registration and title search fees | $229 | Land Registration Reform Act — Ontario Reg. 19/99 (Electronic Registration), Tariff of fees, registration of transfer and chargeeffective 2024-01-01source |
| HST on the purchase (13%)Self-assessed and remitted directly by the registrant purchaser, so $130,000 is not funded at closing. | $0 | Excise Tax Act (Canada), s. 165; s. 221(2) (self-assessment by a registrant purchaser)effective 2016-07-01source |
| Title insurance (standard commercial policy)Premium band from published commercial title insurer rate cards; bind the actual premium with your insurer. | $1,150 | reader input |
| Legal fees and disbursementsA straightforward commercial closing in Ontario is typically quoted between $2,500 and $9,500. | $6,000 | reader input |
| Total cash to close | $23,854 | 2.39% of price |
| All-in acquisition basis | $1,023,854 |
Tax and tariff lines are computed from the bracket tables published in the statutes cited above and are exact for a closing dated on or after each effective date. Legal fees, title insurance and adjustments are the reader's own estimates. Confirm every figure with the lawyer closing the transaction before you wire funds.
Carry this deal forward
Your numbers travel with the link
The deal is encoded in the URL, never stored. Open a sister utility and it arrives pre-filled.
- LeaselorLeasing & incomeTurn rent, TMI and vacancy into the NOI you underwrote.Soon
- ZonelorPre-planning & feasibilitySize the buildable envelope before you price anything.Soon
- CapitalorPre-acquisition & financingDebt-service the deal and find the loan the numbers support.
Keep this deal under watch
Save the deal and Dealor re-runs it every month against current rates and your own dates — so you hear about a broken DSCR or a lapsing renewal before your lender does.
Dealor — soon
02Jurisdictions
Closing cost by province and territory
- British Columbia$25,076
- Ontario$23,854
- Manitoba$23,187
- Nova Scotia$20,175
- Quebec$19,991
- New Brunswick$14,826
- Prince Edward Island$14,190
- Saskatchewan$9,443
- Newfoundland and Labrador$8,878
- Nunavut$8,370
- Northwest Territories$7,720
- Alberta$7,660
- Yukon$5,870
The full ranking, including the cities that legislate a second levy of their own, is in the jurisdiction comparator.
How Escrowlor computes these numbers