Calculator - Sasi Subramaniam Real Estate Team

LAND TRANSFER CALCULATOR

When you a buy a house, condo or land anywhere in Canada outside Alberta and Saskatchewan, you are subject to land transfer tax. Use Ratehub.ca’s calculator below to determine your land transfer tax amount.

AFFORDABILITY CALCULATOR

Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.

You can afford a home up to: $0

Your debt-to-income ratio is 36%
Quite affordable.

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Payment Breakdown：

$0 Month

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MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

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HST NEW HOME REBATE

When you buy a new house or condominium in Ontario, you are required to pay 13% Harmonized Sales Tax (“HST”) made up of 8% PST + 5% GST which is typically included in the Developer's list price.

An eligible new home buyer can claim a rebate of the PST & GST, calculated as follows:

75% of PST up to a maximum of $24,000 (reached at $424,850)
36% of GST if the price is less than $350k, up to a maximum of $6,300. Between $350k-$450k, a reduced sliding scale applies and above $450k, the rebate is $0.

If you buy the property as your principal residence, the New Home Rebate is typically assigned to the Developer who automatically credits the buyer with the rebate amount so that you don’t pay anything out of pocket. However, if you are an investor, you have to pay the rebate amount upfront - but don't worry, if you rent out the property for at least 1 year, you will be eligible to get the entire rebate amount back, and it becomes a cash-flow item only, not a true cost.

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