Toronto, Ontario
How much house can you afford in Toronto (2026)
On a $100,000 income in Toronto, the stretch price at 4.29% (qualifying rate 6.29%) is $437,000 with high-ratio 5%/minimum down and $528,000 with 20% down. At $150,000 those figures are $673,000 and $804,000. Toronto’s posted residential tax rate is low relative to Hamilton or Halton; the municipal land transfer tax is the cash surprise on closing, not the monthly GDS line.
Rules verified: 2026-07-13 · Methodology
City assumptions
- Property tax: 0.7673% of price / year. City of Toronto 2026 residential rate 0.767311% (city + education + City Building Fund), applied to purchase price as a planning estimate. Your MPAC assessed value may differ from the price you pay. Source: City of Toronto 2026 residential rate 0.767311%, toronto.ca property-tax-rates-and-fees.
- Heating: $130/month. Ontario heating default already used by the affordability and closing-costs tools ($130/month).
- Contract rate: 4.29% planning assumption, 12 September 2026 (calculator default; not a quoted lender rate)
- GDS 39% / TDS 44%, 25-year amortization, $0 other debts, $0 condo fees
- Toronto charges municipal land transfer tax on top of Ontario provincial LTT. Both are cash on closing. Run the closing-costs calculator with Toronto toggled on.
Max price by income in Toronto
| Income | 5% / min. down | Binds | 20% down | Binds |
|---|---|---|---|---|
| $80,000 | $345,000 | GDS | $418,000 | GDS |
| $100,000 | $437,000 | GDS | $528,000 | GDS |
| $120,000 | $530,000 | GDS | $639,000 | GDS |
| $150,000 | $673,000 | GDS | $804,000 | GDS |
Live affordability calculator
Prefilled with $100,000 income, Toronto heating, Ontario, 4.29%. Set annual property tax to match this page’s rate × price if you want the city tax, not the provincial default.
Open the live calculator with these numbersClosing costs & land transfer tax
Toronto charges municipal land transfer tax on top of Ontario provincial LTT. Both are cash on closing. Run the closing-costs calculator with Toronto toggled on. Open the closing-costs tool with a $500,000 Ontario example.
Open the live calculator with these numbersFrequently asked questions
How much house can I afford in Toronto on $100,000?
Under this page’s dated assumptions, about $437,000 at high-ratio 5%/minimum down with no other debts. Change tax, heat, condo fees, or debts in the live affordability calculator.
Does Toronto charge municipal land transfer tax?
Toronto charges municipal land transfer tax on top of Ontario provincial LTT. Both are cash on closing. Run the closing-costs calculator with Toronto toggled on.
Is the property tax figure a mill rate from the city?
City of Toronto 2026 residential rate 0.767311% (city + education + City Building Fund), applied to purchase price as a planning estimate. Your MPAC assessed value may differ from the price you pay.
Educational only — not a licensed brokerage and not advice. Disclaimer · How we're paid.