Toronto, Ontario

📊 Toronto Market Analysis

Buying a home in Toronto comes with costs that never appear in the listing price. Closing costs run 4.0% of the purchase price ($44,000), annual property taxes are 1.00%, and maintenance averages 1% per year. For someone staying less than 3 years, these unrecoverable costs add up to approximately $115,867 per year — before you even account for selling fees of 6%. In Toronto, these friction costs tilt the math firmly toward renting for anyone without a 10+ year horizon. The calculator below lets you see exactly when buying overtakes renting for your situation.