Milton Homes for Sale

About Milton

Milton, in Southern Ontario, was the fastest growing municipality in Canada for an entire decade (2001-2011), and it continues to draw crowds for its historic city charm. Named after English poet John Milton, it offers its residents 363.22 kilometres of land mass. Almost 133,000 members call Milton home, and its excellent quality of life makes it easy to see why.

Milton, Ontario's desirable quaint lifestyle makes it a gold mine in the real estate business. With the average home selling for approximately one million dollars, buying into day-to-day life comes with a high price tag. However, the low tax rates make it affordable to maintain daily expenses.

Milton's many redeeming qualities ranked it one of Canada's Best Places to Live in 2016 and still attracts newcomers on the regular. Combining a family-friendly city with plenty of clean outdoor attractions is one of the many reasons for Milton's growing popularity. The tremendous family-oriented activities, bustling workforce, and friendly community make it ideal for almost everyone.

Milton - Land Transfer Tax

When purchasing a property in Milton, 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

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