Ontario's land transfer tax is calculated based on the property value.The first $55k at 0.5% ,then from $55k to $250k at 1% ,the remaining up to $400k at 1.5% and the remaining balance up to $2M at 2%.

Also ,since january 2017 the balance greater than $2M is taxed 2.5%. Also ,if property is located in toronto ,then there is an additional municipal land transfer tax. Ontario offers up to a maximum of $4000 rebate to first-time home buyers. and up to max rebate $4475.