Faraday Homes for Sale
OntarioFaraday
- 40$XXX,XXXListed 2 months ago2 + 2 bd3 ba2,250-2,499 sqft11 prkg
24 Albion Lake Dr (Detached)
Fara, Fara
Not enough data for Instant Estimate - 18$XXX,XXXListed 3 months ago3 bd1 + 1 ba1,200-1,399 sqft10 prkg
1865 Bay Lake Rd (Detached)
Faraday, Faraday
Not enough data for Instant Estimate
View all 40 imagesFaraday - Land Transfer Tax
When purchasing a property in Faraday, you’ll have to pay the Ontario Land Transfer Tax, which is due upon closing. There is no municipal transfer tax. If you’re a first-time home buyer, you could be eligible for a rebate to a maximum of $4,000. See below for Ontario Land Transfer Tax rates.
Ontario Land Transfer Tax
Purchase PriceRate
$0 - $55,0000.5%
$55,000.01 - $250,0001.0%
$250,000.01 - $400,0001.5%
$400,000.01 - $2,000,0002.0%
$2,000,000+2.5%
Land Transfer Tax Calculator
$
Provincial tax$6,475
Municipal tax$0
Rebate$0
Total land transfer tax$6,475