Resale vs. new construction

See the real cost of both options — including all Ontario incentives, land transfer tax rebates, and the proposed federal HST exemption

Your Purchase

Purchase Price

Down Payment

Interest Rate (%)

Amortization (yrs)

Your Profile

Location

RRSP Available (HBP)

FHSA Balance

Include Proposed Federal HST Exemption Pending Legislature The proposed exemption would remove the federal 5% GST/HST on new construction homes under $1M for first-time buyers — potentially saving up to $50,000. Not yet law.

🏠 Resale Home

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No HST · Existing home

Upfront Costs

Purchase Price—

Down Payment—

Ontario LTT—

Toronto LTT—

HST (13%)N/A — Resale

Home Inspection—

Legal Fees—

CMHC Premium—

Incentives & Rebates

Ontario LTT RebateFTB—

Toronto LTT RebateFTB—

Federal HST RebateN/A — Resale

Provincial HST RebateN/A — Resale

Proposed HST ExemptionN/A — Resale

Home Buyers' Tax Credit+$1,500

RRSP HBP AvailableRepay—

FHSA AvailableNo Repay—

Monthly Carrying Costs

Mortgage Payment—

Property Tax (est.)—

Insurance (est.)~$150/mo

Net Out-of-Pocket (Upfront)

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🏗️ New Construction

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HST included · Brand new

Upfront Costs

Purchase Price—

Down Payment—

Ontario LTT—

Toronto LTT—

HST (13%)—

Home InspectionN/A — New Build

Legal Fees—

CMHC Premium—

Incentives & Rebates

Ontario LTT RebateFTB—

Toronto LTT RebateFTB—

Federal HST Rebate—

Provincial HST Rebate—

Proposed HST ExemptionPending—

Home Buyers' Tax Credit+$1,500

RRSP HBP AvailableRepay—

FHSA AvailableNo Repay—

Monthly Carrying Costs

Mortgage Payment—

Property Tax (est.)—

Insurance (est.)~$120/mo

Net Out-of-Pocket (Upfront)

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🏠 Resale — What You Actually Need

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🏗️ New Construction — What You Actually Need

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