A recent study outlines the cost of land transfer tax (LTT) across Canada for first-time home buyers and repeat buyers. When purchasing a home, LTT is a tax paid upon closing, which cannot be mortgaged. Out of all the cities in Canada, Vancouver, Toronto and Victoria rank as the top three with the highest total LTT sums paid. Calgary ranked 22nd with 0.1% LLT as a percentage of home price.

Read more: Highest, lowest real estate transfer taxes across Canada (INFOGRAPHIC) – Times Colonist