What is HomeVerdict?
HomeVerdict is a free home cost calculator built specifically for Ontario homebuyers. Unlike basic mortgage calculators, HomeVerdict shows you the complete picture: property tax based on real MPAC assessed values, CMHC mortgage insurance with the 30-year surcharge, land transfer tax with marginal brackets, closing costs, utilities, and every government incentive you may qualify for.
No account needed. No data stored. All calculations happen in your browser.
Data Sources
- Municipal property tax rates: 2025 estimates from Ontario municipalities
- MPAC assessment methodology: Ontario Property Assessment Corporation
- CMHC insurance rates and 30-year surcharge: Government of Canada (2025)
- Land Transfer Tax: Ontario Ministry of Finance + Toronto MLTT (April 2026 luxury tiers)
- Government incentives: FHSA, HBP, HBTC, FTHB GST/HST Rebate rules as of 2025–2026
- Mortgage compounding: Canadian semi-annual compounding convention
Disclaimer
HomeVerdict is an estimation tool for informational purposes only and is not financial, legal, or real estate advice. Tax rates, CMHC premiums, and incentive rules change over time. Always consult a licensed mortgage broker, financial advisor, and real estate lawyer before making any purchasing decisions.