Closing Costs in Atlantic Canada

Atlantic Canada's four provinces each set their own land transfer tax rates independently, and the differences between them are worth knowing before you assume a regional average applies.

The short answer

Nova Scotia, New Brunswick, PEI, and Newfoundland and Labrador each set their own land transfer tax (often municipally variable in Nova Scotia specifically), with generally lower average home prices than Ontario or BC keeping total closing costs comparatively modest across the region.

Nova Scotia

Nova Scotia's land transfer tax (called the deed transfer tax) is actually set at the municipal level, so the rate varies depending on which specific municipality you're buying in, rather than one flat provincial rate — worth confirming for your specific location rather than assuming a province-wide figure.

New Brunswick

New Brunswick charges a real property transfer tax as a percentage of the greater of the purchase price or assessed value, at a rate generally lower than what buyers in Ontario or BC would pay on a comparably priced home.

Prince Edward Island

PEI charges a real property transfer tax, with a first-time buyer exemption available up to a set price threshold — see our first-time buyer rebates guide for the details of that exemption.

Newfoundland and Labrador

Newfoundland and Labrador does not charge a provincial land transfer tax in the way most other provinces do, instead relying primarily on a registration fee structure — closer in spirit to Alberta and Saskatchewan's approach than to Ontario's.

Because these differ meaningfully by specific province and municipality, get your exact number on the closing cost calculator rather than assuming a regional average applies to your specific purchase.

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