Everything you need to know about Newfoundland & Labrador land transfer tax: use our easy-to-use Newfoundland land transfer tax calculator to estimate the land transfer tax amount to buy a property in Newfoundland and Labrador.
When you buy a property in Newfoundland, you are subject to a Land Transfer Tax called the Registration of Deeds Act.
There are separate charges for the property and the mortgage on the property (if you use a mortgage to finance the purchase or transfer of the property).
Newfoundland Land Transfer Tax Calculator
Living In Newfoundland & Labrador
Newfoundland and Labrador, where the old world meets the new. This province is home to modern amenities, a vibrant cultural scene, and some advanced industries and technologies. Newfoundland and Labrador offer the best of both urban and rural living. Its cities are much smaller than major cities in provinces like Ontario, Quebec, British Columbia, and Alberta, offering a relaxed and natural type of living.
With a population of only 522,875, the province is more significant than many countries in land size, including New Zealand, Japan, Germany, and Great Britain. The housing market of NL is relatively stable compared to those in other provinces in the country. The average home price in this province stands at $208,388, according to the CREA August 2022 house statistics.
Brief Facts About Living In Newfoundland & Labrador
Median House Price
$281,600
Average Mortgage
$221,593
Population
522,875
Median Household Income
$82,540
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