HouseDeltas

what owning really costs

References

Every number the calculator uses, generated from the same source registry the engine reads at build time — this table can never drift from the code.

Mortgage (see: Mortgage math)

NameValueSourceEffectiveRetrieved
Fixed-rate mortgage compounding: semi-annual, not in advance — market convention anchored in the Interest Act s.6 disclosure rule; monthly rate = (1+r/2)^(1/6)−1textInterest Act, R.S.C. 1985, c. I-15, s. 61985-12-122026-07-05

Land transfer tax (see: Land transfer tax)

NameValueSourceEffectiveRetrieved
Ontario Land Transfer Tax marginal brackets (one or two single-family residences)— (see table below / explainer)Calculating Land Transfer Tax | Land Transfer Tax — ontario.ca2017-01-012026-07-05
Toronto Municipal Land Transfer Tax marginal brackets (one or two single-family residences)— (see table below / explainer)Municipal Land Transfer Tax & Municipal Non-Resident Speculation Tax Rates & Fees — City of Toronto2026-04-012026-07-05
Ontario first-time homebuyer land transfer tax refund maximum$4,000Land Transfer Tax Refunds for First-Time Homebuyers — ontario.ca2017-01-012026-07-05
Toronto MLTT first-time purchaser rebate maximum$4,475Municipal Land Transfer Tax & Municipal Non-Resident Speculation Tax Rebate Opportunities — City of Toronto2008-02-012026-07-05

CMHC mortgage insurance (see: CMHC mortgage insurance)

NameValueSourceEffectiveRetrieved
CMHC premium, 15–19.99% down (LTV 80.01–85%)2.8%CMHC — Mortgage Loan Insurance Cost2017-03-172026-07-05
CMHC premium, 10–14.99% down (LTV 85.01–90%)3.1%CMHC — Mortgage Loan Insurance Cost2017-03-172026-07-05
CMHC premium, 5–9.99% down (LTV 90.01–95%)4%CMHC — Mortgage Loan Insurance Cost2017-03-172026-07-05
Insured mortgage purchase-price cap (price must be strictly below this)$1,500,000CMHC Purchase Mortgage Loan Insurance2024-12-152026-07-05
Minimum down payment first tier cap (5% below, 10% above up to insured cap)$500,000FCAC — How much you need for a down payment2024-12-152026-07-05
Minimum down payment rate, portion up to first-tier cap5%CMHC Purchase Mortgage Loan Insurance ("5% of the first $500,000 of lending value and 10% of the remainder")2024-12-152026-07-05
Minimum down payment rate, portion above first-tier cap10%CMHC Purchase Mortgage Loan Insurance ("5% of the first $500,000 of lending value and 10% of the remainder")2024-12-152026-07-05
Default insurance required below this down-payment fraction20%FCAC: down payments2016-02-152026-07-05
CMHC premium tier boundaries by down-payment fraction— (see table below / explainer)CMHC Purchase Mortgage Loan Insurance2017-03-172026-07-05
30-year amortization premium surcharge (CMHC Home Start; FTHB or new build)0.2%CMHC Home Start2024-12-152026-07-05
Ontario RST on mortgage default insurance premium (due at closing, not financeable)8%Ontario Ministry of Finance — Retail Sales Tax: Insurance and Benefits Plans1997-07-012026-07-05

CRA — rental income & capital gains (see: Renting out part of the house · Capital gains at sale)

NameValueSourceEffectiveRetrieved
Capital gains inclusion rate (individuals)50%CRA Guide T4037, Capital Gains 2025 ("The inclusion rate for 2025 is 50%"; 2/3 proposal cancelled per PM release 2025-03-21)2001-01-012026-07-05
PRE partial change-in-use: rented share taxable unless ancillary use, no structural change, no CCA (Folio S1-F3-C2 ¶2.57–2.60)textIncome Tax Folio S1-F3-C2, Principal Residence2019-03-192026-07-05
ACB = purchase price + expenses to acquire (commissions, legal fees) + land transfer tax; capital improvements add, current expenses do nottextCRA Guide T4037 ACB definition; land transfer tax per https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/rental-expenses-you-cannot-deduct.html2025-01-012026-07-05
Capital gain = proceeds of disposition minus ACB and outlays and expenses incurred to sell (commissions, legal fees)textCRA Guide T4037, Capital Gains — calculating your capital gain or loss2025-01-012026-07-05
T4036 rule: split whole-property expenses between personal and rented area by square metres or rooms; expenses relating only to the rented area are 100% deductiblerentedPortion applies to whole-building expenses (taxes, insurance, interest, utilities); suite-only expenses deductible in full; e.g. 3 of 12 rooms = 25% (Patrick example), 4 of 10 rooms = 40%Guide T4036, Rental Income — Personal portion of total expenses2025-01-012026-07-05
T4036 deductible current expenses and explicit non-deductiblesDeductible: advertising, insurance, mortgage interest, professional fees, management fees, repairs & maintenance (current only), property taxes, utilities. NOT deductible: land transfer taxes (add to cost), mortgage principal, penalties, value of own labour, capital improvements (CCA only)Guide T4036, Rental Income — Chapter 3 Expenses / Expenses you cannot deduct2025-01-012026-07-05
Rental losses deductible against other income if incurred to earn income; barred for cost-sharing arrangements and where no reasonable expectation of profitIf you incur the expenses to earn income, you can deduct your rental loss against your other sources of income; no loss for cost-sharing or below-market rent to non-arm's-length tenants; part-of-home expenses barred absent reasonable expectation of profitGuide T4036, Rental Income — Rental losses / Renting below fair market value2025-01-012026-07-05
Folio S1-F3-C2: full PRE retained only if income use is ancillary, no structural change, and no CCA claimed; claiming CCA triggers deemed disposition of the rented portionParas 2.58-2.60: expenses (other than CCA) claimable while preserving PRE; commencing CCA applies the deemed disposition rule from when income use began; a self-contained rental suite is an example of a structural changeIncome Tax Folio S1-F3-C2, Principal Residence2019-03-192026-07-05
Gross rental income is total rents actually earned in the year (line 8141 / 8299); no vacancy-allowance deduction existsInclude the total rents you earned in the year on line 8141; vacancy is a planning assumption reducing projected gross rent, not a tax deductionGuide T4036, Rental Income — Part 3 Income / Line 8299 Total gross rental income2025-01-012026-07-05

Cost defaults (see: Cost defaults)

NameValueSourceEffectiveRetrieved
Toronto residential property tax rate (total, incl. education + city building fund)0.767311%City of Toronto — Property Tax Rates & Fees (2026)2026-01-012026-07-05
Annual maintenance, 1% of home value (heuristic; realistic range 1–3%)1%Globe and Mail — In search of hard numbers on what it costs to maintain a home2026-01-012026-07-05
Home insurance, typical annual cost (Toronto detached; $/yr — no %-of-value basis exists)$2,000MyChoice — How Much Does Home Insurance Cost in Ontario (2025); cross-ref rates.ca Q2 20262025-01-012026-07-05
Monthly utilities (hydro + gas + water), detached GTA home$400On The Move Canada — Cost of Utilities in Toronto (2026 Guide)2026-01-012026-07-05
Default all-in selling cost rate (Toronto): 5% commission + 13% HST on commission + legal fees5.8%WOWA Cost of Selling a House; corroborated by Fox Marin, https://foxmarin.ca/real-estate-commissions-ontario/ (5% split 2.5/2.5 + HST)2026-07-052026-07-05

Income tax brackets

NameValueSourceEffectiveRetrieved
2026 combined federal + Ontario marginal tax rates (surtax folded in), ordinary income— (see table below / explainer)EY — Ontario combined federal and provincial personal income tax rates 20262026-01-012026-07-05