Toronto & GTA First-Time Buyer Programs (2026): MLTT Rebate, Provincial & Federal Benefits

Toronto buyers face a double land transfer tax. This guide covers the $4,475 MLTT rebate, $4,000 Ontario LTT refund, and every federal program available.

# Toronto & GTA First-Time Buyer Programs (2026) Toronto is the **only city in Ontario** that charges a Municipal Land Transfer Tax (MLTT) on top of the provincial LTT. First-time buyers can get rebates on both. ## Toronto MLTT Rebate: Up to $4,475 ### MLTT Rates (2026) | Purchase Price Portion | Rate | | --- | --- | | Up to $55,000 | 0.5% | | $55,001 to $250,000 | 1.0% | | $250,001 to $400,000 | 1.5% | | $400,001 to $2,000,000 | 2.0% | | Over $2,000,000 | 2.5% | ### Eligibility - Must be 18+ and a Canadian citizen or permanent resident - Never owned a home anywhere in the world - Spouse cannot have owned a home while being your spouse - Must occupy as principal residence within 9 months ## Ontario Provincial LTT Refund: Up to $4,000 First-time buyers also qualify for the **Ontario LTT refund** — saving up to **$8,475** combined with the MLTT rebate. ## Complete Cost Breakdown: $800,000 Toronto Condo | Cost Item | Amount | After FTHB Rebates | | --- | --- | --- | | Ontario LTT | $12,475 | $8,475 | | Toronto MLTT | $12,475 | $8,000 | | Legal fees | $2,500 | $2,500 | | Title insurance | $500 | $500 | | Home inspection | $500 | $500 | | **Total Closing Costs** | **$28,450** | **$19,975** | | **FTHB Savings** | | **$8,475** | ## Federal Programs Available to GTA Buyers | Program | Benefit | | --- | --- | | FHSA | $40,000 tax-free savings | | RRSP HBP | $60,000 withdrawal (per person) | | Home Buyers' Tax Credit | $1,500 | | GST Rebate (new homes) | Up to $50,000 | | Ontario HST Rebate (new homes) | Up to $80,000 | ## Key Takeaway Toronto's double LTT makes closing costs significantly higher than the rest of Ontario. First-time buyers should budget at least **$20,000** in closing costs for a typical condo purchase — but the MLTT rebate helps offset the pain.

Published by Circle Real Estate Brokerage — Toronto & GTA pre-construction and resale experts.