Joe Dumond, Broker
Sutton Group-Masters Realty Inc

Closing Costs

For Real Estate Transactions in Kingston, Ontario

FOR THE BUYER

  • Ontario Land Transfer Tax (LTT):  0.5% on the first $55,000, 1.0% on $55,000 - $250,000, 1.5% on $250,000-$400,000, and 2% above $400,000. First time buyers may qualify for a rebate.
  • Legal Fees & Disbursements:  $1,000-$2,500.
  • Title Insurance:  $250-$500.
  • Home Inspection:  $400-$700.
  • Appraisal Fee:  $300-$600 (if required by lender).
  • Adjustments:  Property tax, utilities, and condo fees (if applicable).

Total Buyer Closing Costs:  Typically 1.5% - 4% of the purchase price.

FOR THE SELLER

  • Real Estate Commission:  3%-5% of sale price (plus HST).
  • Legal Fees:  To discharge mortgage and register transfer ($1,000-$2,000 typically).
  • Adjustments:  Property tax/utility adjustments, agreed repairs, etc.
  • Total Seller Closing Costs:  Typically 8%-10% of sale price including commissions.

Kingston, Ontario - Specific Fees

- City of Kingston charges a $37 administration fee when property ownership changes.

Buyer Example (Home Price:  $500,000)

- Land Transfer Tax:  approx. $6,000-$7,000( before rebate).

- Legal, Title & Insurance: $1,500-$3,000.

- Inspection, Appraisal & Adjustments:  $500-$2,000

Total Buyer Closing Costs:  $7,000-$12,000 (approx. 1.5%-2.5% of sale price).


Prepared for Kingston, Ontario home buyers and sellers (2025)