Manitoba Land Transfer Tax Calculator

Everything you need to know about Manitoba land transfer tax: use our easy-to-use Manitoba land transfer tax calculator to estimate the land transfer tax amount to buy a property in Manitoba

Alberta_land_transfer_tax_approvU

12K+

Mortgage Deals

25+

Lenders & Brands

$$

Huge Savings

Table of Contents

Manitoba Land Transfer Tax Pricing System

Manitoba uses a sliding scale for its Land Transfer Tax assessment and calculation. The scale is based on the declared fair market value (FMV) or transferred property purchase price.

Manitoba has a progressive land transfer tax system. The pricing is based on the property price and a set title registration fee. Here are the current Land Transfer Tax rates for Manitoba:

Calculation

  • No land transfer tax is levied for the first $30,000 of the property value 
  • 0.50% on the next $60,000 in FMV 
  • 1.00% on the next $60,000 in FMV (which takes us to $150,000) 
  • 1.50% of FMV on the next $50,000
  •  A 2.00 percent Land Transfer Tax applies to the FMV over $200,000

Manitoba Land Transfer Tax Calculator

Living In Manitoba

Manitoba is one of Canada’s most beautiful, strongest, and diversified provinces. It is a natural beauty, with nice warm summer months, rolling hills, and grasslands. Its most populated city, Winnipeg, also the province’s capital, is world-class, with numerous employment, education, and entertainment options. Manitoba offers a relaxed and enriching lifestyle for young families.

House prices in Manitoba are among the lowest in the country, averaging around $222K.

The province also has one of the largest Aerospace industries in Western Canada, employing more than 5,300 experts and more than 250 companies in the food processing space. Manitoba could be the perfect place to enjoy a high standard of living with the necessary price tag.

Brief Facts About Living In Manitoba

"Friendly Manitoba"

Median House Price

$332,200

Average Mortgage

$259,579

Population

1,393,179

Median Household Income

$84,130

Shop Across 25+ Lenders For Your Best Mortgage Deals

See Your Personalized Mortgages Online With approvU

Manitoba Transfer Fee Rate Table

 

 

Value of Property

Rate

On the first $30,000

0%

On the next $60,000

(i.e. $30,001 to $90,000)

0.5%

On the next $60,000

(i.e.$90,001 to $150,000)

1.0%

On the next $50,000

(i.e. $150,001 to $200,000)

1.5%

On amounts in excess of $200,000

 

2.0%

Example Calculation Of Land Transfer Tax in Manitoba

Let’s assume that the home you are buying is valued at $480,000.00

Calculation

$30,000.00

First $30K Property Value

0.00%

Rate

$0.00

Fee

$60,000.00

Next $60K Property Value

0.5%

Rate

$300.00

Fee

$60,000.00

Next $60K Property Value

1.00%

Rate

$600.00

Fee

$50,000.00

Next $50K Property Value

1.50%

Rate

$750.00

Fee

$280,000.00

Excess of The $200K Value

2.00%

Rate

$2,000.00

Fee

$5,650.00

Land Transfer Tax For A $480K Property Value

Get A Mortgage With approvU

  • approvU is everything you need to make the right mortgage decisions like a Pro!
  • Born in Canada for Canadians
  • Largest mortgage marketplace with over 12,000 mortgage deals from 25+ lenders
  • No baiting; not a lead generator; your information is never sold
  • Skip the appointments and apply online anytime; it takes less than 6 minutes.
  • Multiple approvals from a single submission
  • Control and track every step of your application as it moves through to funding.