Peterborough First-Time Home Buyers: How the Ontario Land Transfer Tax Rebate Can Save You Up to $4,000
If you're getting ready to buy your first home in Peterborough, you've probably already been told to budget for your down payment. What a lot of first-time home buyers don't hear about until much later is land transfer tax, one of the biggest closing costs you'll pay when you buy a home in Ontario.
The good news? If you're a first-time home buyer, the Ontario government gives you a rebate of up to $4,000 to help cover it. Depending on your purchase price, that could wipe out your land transfer tax completely.
Here's what you need to know about the Ontario Land Transfer Tax rebate, who qualifies, and what it could look like on a home here in Peterborough.
What is land transfer tax?
Land transfer tax is a one-time provincial tax you pay when you buy a property in Ontario. It's calculated on the purchase price of your home and is due on closing day, when the property is officially transferred into your name.
The tax is calculated on a sliding scale, so you pay a different rate on each portion of the purchase price. For a typical home, the provincial rates are:
- 0.5% on the first $55,000
- 1.0% on the amount from $55,000 to $250,000
- 1.5% on the amount from $250,000 to $400,000
- 2.0% on the amount from $400,000 to $2,000,000
- 2.5% on anything above $2,000,000 (for homes with one or two single-family residences)
It's not something you can roll into your mortgage, so it needs to be part of the cash you have ready for closing.
What is the Ontario Land Transfer Tax rebate?
To help first-time home buyers get into the market, Ontario offers a land transfer tax refund of up to $4,000. If your land transfer tax is $4,000 or less, the rebate covers all of it. If it's more than $4,000, the rebate takes $4,000 off and you pay the difference.
In practical terms, first-time home buyers pay no provincial land transfer tax on homes priced at $368,000 or less. Above that, you still save the full $4,000.
Good news for Peterborough buyers: no municipal land transfer tax
If you've been reading about buying a home in Toronto, you may have seen that buyers there pay two land transfer taxes: the provincial one and a separate municipal one. That second tax only applies inside the City of Toronto. When you buy a home in Peterborough, you pay the provincial land transfer tax only, which is one more reason Peterborough real estate can be a great fit for first-time home buyers.
What the rebate looks like on a Peterborough home
Here are two examples to give you a feel for the numbers. Your real estate lawyer will confirm your exact amount before closing.
Example 1: A $350,000 condo or starter home
- Ontario land transfer tax: $3,725
- First-time home buyer rebate: $3,725
- You pay: $0
Example 2: A $600,000 family home
- Ontario land transfer tax: $8,475
- First-time home buyer rebate: $4,000
- You pay: $4,475
That's $4,000 that can stay in your pocket for moving costs, furniture, or a little cushion after closing.
Who qualifies for the first-time home buyer rebate?
To be eligible for the Ontario Land Transfer Tax rebate, you must:
- Be at least 18 years old
- Never have owned a home, or an interest in a home, anywhere in the world
- Have a spouse who has not owned a home anywhere in the world while they were your spouse
- Move into the home as your principal residence within nine months of closing
- Apply for the refund within 18 months of the date the property is transferred
The "anywhere in the world" part catches people off guard. If you owned a condo in another country years ago, or were on title to a family property, you may not qualify, so mention it early to your lawyer.
What if only one of you is a first-time buyer?
If you're buying with someone who has owned a home before, the rebate isn't automatically lost, but it may be reduced. The refund is based on the share of the home owned by the person who qualifies. For example, if a parent and a first-time buyer each own half the home, the first-time buyer can claim half of the maximum rebate.
The rules for spouses are a little different from the rules for friends, siblings, or parents buying together, so it's worth getting your lawyer's advice before you decide how you'll take title.
How do you claim the rebate?
For most buyers, this part is easy. Your real estate lawyer will usually claim the rebate for you when they register the transfer on closing, so the amount is simply taken off what you owe and you never have to pay it upfront.
If the rebate isn't claimed at closing, you can still apply directly to the Ontario Ministry of Finance within 18 months of the transfer.
A few tips for first-time home buyers in Peterborough
- Let your lawyer know you're a first-time buyer right at the start so the rebate is included in your closing numbers.
- Budget for your land transfer tax as part of your closing costs, along with legal fees, title insurance, and adjustments.
- If your price range is close to $368,000, keep in mind that every dollar above it adds to your land transfer tax.
- Ask about other first-time buyer programs too, like the First Home Savings Account (FHSA) and the RRSP Home Buyers' Plan, which can help with your down payment.
Thinking about buying your first home in Peterborough?
Buying your first home comes with a lot of new terms and numbers, and you don't have to sort through them alone. I work with first-time home buyers and young families in Peterborough every day, and I'm happy to walk you through your closing costs, help you figure out your budget, and connect you with a great local lawyer and mortgage specialist.
Have questions? Reach out anytime at tmeldrum@cbelectricrealty.ca or 705-243-9000. I'd love to help you get started.
This post is for general information only and isn't legal or tax advice. Rebate rules and amounts can change, so please confirm your eligibility and exact amounts with your real estate lawyer or the Ontario Ministry of Finance.
This Weekend in Peterborough & Lakefield: September 19–20, 2026
Hey friends! A good little weekend coming up, with a downtown morning that’s basically built for a slow Saturday, a family outing in Millbrook, and a feel-good cause to support in Lakefield on Sunday. Here’s what’s on:
FREE Downtown Community Yoga — Saturday, September 19
10:00–11:00 am | Quaker Foods City Square, 215 Charlotte St, Peterborough | Free
This one’s an easy yes. A free, hour-long community yoga session led by a Salti Yoga instructor, right downtown at the market square. Kick off your Saturday with a stretch and a breath, then flow right into browsing the market after. Bring a mat if you’ve got one.
Peterborough Regional Farmers’ Market — Saturday, September 19
8:00 am–1:00 pm | Quaker Foods City Square, 215 Charlotte St, Peterborough
Same spot as community yoga, so this pairs perfectly with it. Fresh, local vendors with seasonal produce, baked goods, handmade items, and ready-to-eat food. Grab a coffee and make a morning of it.
Touch-a-Truck Family Event — Saturday, September 19
Millbrook Fairgrounds, Millbrook
A hands-on morning for the kids: fire trucks, dump trucks, and all kinds of industrial vehicles to climb through and explore. Local makers will also be there with interactive booths, including a chunky blanket loom weaving tutorial. Check the Town Hoopla – Millbrook & Area Facebook group for exact times and updates.
20th Annual LAWS Golf Tournament — Sunday, September 20
12:00–6:00 pm | Katchiwano Golf Club, 1730 Young’s Point Road, Lakefield
A milestone year for this charity tournament supporting the Lakefield Animal Welfare Society. If golf’s your thing (or you just want to support a great cause), registration and sponsorship details are on the LAWS events page.
That’s the lineup! If you make it out to any of these, I’d love to hear about it — tag me or send me a message. Enjoy the weekend, friends.
Tara
tmeldrum@cbelectricrealty.ca
Learn more about working with me here.
What’s Happening in Peterborough This Weekend
Hey friends! Can you believe it’s already Labour Day week? Summer always seems to fly by faster than the last few weeks of August, and this one’s no exception. Whether you’re chasing one more outdoor adventure or looking for something low-key to do over the long weekend, I’ve got a few local picks for you this week.
Here’s what’s happening around Peterborough (and just outside it) this weekend:
Peterborough Regional Farmers’ Market — Saturday, September 5
7:30 am–1:00 pm | AON Citi Centre Courtyard, 245 Charlotte St, Peterborough | Free to browse
A downtown Saturday staple, and one more chance to stock up on peak-season produce before things start shifting toward fall. Great excuse for a morning walk downtown, coffee in hand.
Mountain Bike Ride — Saturday, September 5
10:00 am | Harold Town Conservation Area, 2611 Old Norwood Rd, Peterborough
Calling all intermediate-to-advanced riders: join a group ride through 17–22 km of trail at Harold Town. Bring a chair, snacks, and something to drink for after, because you’ve earned it. A great way to get one more big ride in before the weather turns.
Voyageur Canoe Tour — Sunday, September 6
11:30 am | The Canadian Canoe Museum, Peterborough
Paddle out from the docks in a big multi-person voyageur canoe with a crew of fellow visitors and a guide from the Museum. It’s about 90 minutes on the Otonabee River and Trent-Severn Canal system, no experience needed. Such a fun, easy way to see the city from the water.
Live Music by Taylor — Sunday, September 6
12:00 pm | Silver Bean Cafe, 130 King St, Peterborough
Taylor Abrahamse wraps up her run of casual Sunday afternoon sets by the water with one more show at the Silver Bean. Grab a coffee, find a patio seat, and enjoy some easy live music before the long weekend winds down.
Walk with Bhante Bo — Sunday, September 6
10:00 am–12:00 pm & 3:00–5:00 pm | Wutai Shan Buddhist Garden, 708 Ski Hill Rd, Omemee | Free
A guided walking tour through the Buddhist garden, touching on the traditions and sacred spaces along the way. Two time slots to choose from, so it’s easy to work into your long weekend plans. A really peaceful way to close things out before Monday’s holiday.
That’s the list for this week! If you go to any of these, I’d love to hear about it, tag me or send me a message. Enjoy the long weekend, friends, and I’ll be back next week with more.
If you get up to one of these events (or something else), send me an email to let me know what you did! I’d love to hear.
Tara
tmeldrum@cbelectricrealty.ca
Learn more about working with me here.
What’s Happening in Peterborough This Weekend
Looking for weekend plans? There’s lots happening around Peterborough & the Kawarthas this weekend, from festivals and fairs to local markets and wellness events.
🐉 Peterborough Dragon Boat Festival
The Peterborough Dragon Boat Festival returns to Del Crary Park on Saturday, June 13, celebrating its 25th anniversary. Watch teams race across Little Lake while enjoying food vendors, artisan booths, family activities, and community spirit. It’s one of Peterborough’s signature summer events.
🎡 Millbrook Fair
The 175th Annual Millbrook Fair runs from June 11–14 and offers something for all ages. Expect midway rides, agricultural exhibits, livestock competitions, truck and tractor pulls, vendors, and classic fair food. It’s a great opportunity to experience a longstanding local tradition.
🛍 Peterborough Regional Farmers’ Market
Start your Saturday downtown at the Peterborough Regional Farmers’ Market. Browse fresh produce, local meats, baked goods, prepared foods, and artisan products while supporting local vendors.
🧘♀️ Karma Yoga at Salti Yoga
Looking to slow down and recharge? Join Karma Yoga on Sunday morning at Salti Yoga. This all-levels, beginner-friendly class is offered by donation, with proceeds supporting a local organization in our community. www.saltiyoga.ca/schedule
If you get up to one of these events (or something else), send me an email to let me know what you did! I’d love to hear.
Tara
tmeldrum@cbelectricrealty.ca
Learn more about working with me here.
If you’re visiting Peterborough for the first time, you might be wondering… where do you even start?
So I asked the people who know it best — locals.
I posted on social media:
“If someone was coming to Peterborough for the first time, where are you sending them?”
Here’s what they said 👇
☕ Coffee Shops You Can’t Miss
Start your day with one of these local favourites:
- Silver Bean Café — right on the water, one of the most scenic coffee spots in the city (with a second location inside the Canadian Canoe Museum)
- Cork & Bean — downtown staple with great energy
- East City Coffee Shop — cozy, community-focused vibe (great breakfast too!)
🍳 Breakfast & Casual Eats
Looking for something easy and satisfying?
- The Queensway Restaurant — classic breakfast spot locals love
- Sam’s Place Deli — simple, fresh, and reliable
- Copper Spoons – hidden gem for incredible breakfast
🍽️ Lunch & Dinner Spots
When it’s time to sit down and enjoy a great meal:
- Gerti’s
- St. Veronus Café and Tap Room — Belgian-inspired food + beer
- The Only Café — a longtime local favourite
- The Ostrich Club — a more elevated dining experience
🌿 Things to Do in Peterborough
There’s more than just great food here:
- Canadian Canoe Museum — a must-see and uniquely Canadian experience
- Riverview Park & Zoo — free, family-friendly, and beautifully maintained
- Peterborough Lift Lock — one of the most iconic landmarks in the area
- First Five Club Peterborough – A calm, thoughtfully designed play place for little ones — and the people raising them.
✨ Local Favourites & Hidden Gems
A few more spots that came up again and again:
- By the Bridge
- Salti Yoga — if you’re looking to move, reset, or try something new while you’re in town
Final Thoughts
Whether you’re here for a weekend or thinking about making a move, Peterborough has a lot to offer — and this list is just the beginning.
The best part?
Every single recommendation came from people who live here and love it.
👇 Your Turn
Did we miss your go-to spot?
Send me a message or comment on social — I’d love to keep building this list.
Tara Meldrum, REALTOR®
Coldwell Banker Electric Realty, Brokerage
tmeldrum@cbelectricrealty.ca
www.tarameldrum.com
Looking for a First-Time Home Buyers Guide? Check it out here.
Are you looking for things to do in Peterborough, Ontario this weekend? There’s a great mix of events happening, whether you’re in the mood for movement, community events, or just really good food.
Start Your Saturday with Movement + Deals
Head over to Salti Yoga for a full day of FREE classes. It’s a great opportunity to try something new or get back on your mat. Plus, they’re hosting a retail blowout sale with leggings starting at just $20. Book your classes at www.saltiyoga.ca/schedule
Enjoy a Local Tradition at the Lift Lock
The OFAH Under the Lock Fishing Derby is happening at the iconic Peterborough Lift Lock. It’s a fun, family-friendly event and a great way to spend time outdoors. Learn more at www.ofah.org
Mac & Cheese Lovers—This One’s for You
Wrap up your Saturday at the Mac & Cheese Grand Finale at Quaker Foods City Square starting at 11am. Expect comfort food, local vendors, and a lively atmosphere downtown.
Sunday Open House
If you’re thinking about making a move (or just curious), stop by my open house at 607 Armour Road from 1:00–2:30pm. It’s always a great way to explore what’s available and get a feel for the market.
There’s something about weekends like this that really highlights what makes Peterborough such a great place to live—community, connection, and plenty to do.
Check out local real estate listings today right here.
First-Time Home Buyer Guide in Peterborough (2026 Edition)
Buying your first home is exciting… and let’s be honest, a little overwhelming too.
If you're thinking about buying in Peterborough, you’re not alone. More and more young families and first-time buyers are choosing this area for its affordability, lifestyle, and growing community.
Here’s a simple breakdown to help you feel confident every step of the way.
Step 1: Know What You Can Afford
Before you start browsing homes, it’s important to understand your budget.
Speak with a mortgage broker or lender to get pre-approved. This will:
Give you a clear price range
Strengthen your offer when you find “the one”
Help you avoid falling in love with homes outside your budget
Step 2: Understand the True Costs
Your down payment is just one piece of the puzzle.
Other costs include:
Closing costs
Land transfer tax
Legal fees
Home inspection
Moving expenses
Planning ahead means fewer surprises.
Step 3: Choose the Right Neighbourhood
Peterborough offers a variety of neighbourhoods, each with its own vibe.
Young families often look for:
Proximity to schools and parks
Safe, walkable streets
Access to amenities
The right neighbourhood can be just as important as the home itself.
Step 4: Work With a Local Realtor
Having someone who knows the local market is key.
As a local REALTOR®, I help first-time buyers:
Navigate the process step-by-step
Spot red flags in homes
Negotiate the best possible price
Step 5: Don’t Wait for “Perfect”
Your first home doesn’t have to be your forever home.
Getting into the market is often the most important step. You can always upgrade later as your needs (and equity) grow.
Final Thoughts
Buying your first home in Peterborough is a big milestone, but it doesn’t have to feel overwhelming.
With the right guidance, it can actually be an exciting and empowering experience.
Thinking about buying your first home?
I’d love to help you get started.
Download your FREE First-Time Home Buyer's Guide here.
Contact me to chat about your move.
📧 tmeldrum@cbelectricrealty.ca
📱 705-702-5851
What’s Happening in Peterborough This Weekend
Looking for something to do this weekend? There’s plenty happening around Peterborough & the Kawarthas, including a city-wide food festival, hockey, and a chance to slow down and reset.
Here are a few highlights to check out.
🧀 Events & Experiences
Peterborough Mac & Cheese Festival
📍 Downtown Peterborough
🗓 April 1–25
If you love comfort food, this one’s for you. The Peterborough Mac & Cheese Festival is back, with 20 local restaurants serving up creative takes on mac & cheese — from classic favourites to bold, unexpected combinations (including dessert!).
It’s the perfect excuse to explore downtown and try something new.
🏒 Sports & Community
Peterborough Petes vs. North Bay
📍 Peterborough Memorial Centre
🗓 Thursday | 7:05 PM
Head to the Memorial Centre for a fun night of hockey and cheer on the Petes in another exciting matchup. The series is tied 2-2. Go Petes Go!
🧘♀️ Wellness & Community
Karma Yoga at Salti Yoga
📍 Salti Yoga
🗓 Sunday | 9:00 AM
Join this all-levels, beginner-friendly yoga class offered by donation. It’s a great way to move your body, reset your mind, and support a local organization at the same time.
Book your spot here:
www.saltiyoga.ca/schedule
💬 Planning to try the Mac & Cheese Festival this weekend?
I’d love to hear where you go and what you order — there are so many good options to choose from!
Want these local events delivered straight to your inbox every week?
👉 Join the list and never miss what’s happening in Peterborough. Email tmeldrum@cbelectricrealty.ca to get on the list.
Looking for weekend plans? There’s lots happening around Peterborough & the Kawarthas, from playoff hockey and local events to markets and wellness experiences.
Here are a few highlights to check out this weekend.
🏒 Sports & Community
Peterborough Petes Playoffs – Round 1
📍 Peterborough Memorial Centre
🗓 Thursday, March 26
Playoff season is here, and the energy in the arena is unmatched. Head out to support the Petes as they begin their playoff run on home ice.
🎣 Events & Experiences
CANCAST & Muskie Odyssey Fishing Show
📍 Memorial Centre, Morrow Building & Kinsmen Civic Centre
🗓 Saturday, March 28
This annual fishing show brings together vendors, experts, and enthusiasts for a full day dedicated to fishing and outdoor recreation.
🛍 Markets & Local Shopping
Peterborough Regional Farmers’ Market
📍 Peterborough Square
🗓 Saturday | 8:00 AM – 1:00 PM
A staple in the community, the farmers’ market offers fresh produce, baked goods, prepared foods, and locally made products — a great way to support local.
🧘♀️ Wellness & Community
Glow Flow Yoga @ Salti Yoga
📍 Salti Yoga
🗓 Friday, March 27 | 6:00 PM
Book a spot: https://api.hellowalla.com/previews/5766119?b=13217&type=class
Looking for something a little different? This glow-themed yoga class is a fun way to move your body, reset your mind, and kick off your weekend.
Want these local events delivered straight to your inbox every week?
👉 Email tmeldrum@cbelectricrealty.ca to join the list and never miss what’s happening in Peterborough.
What’s Happening in Peterborough This Weekend (March 19–22)
Looking for things to do this weekend? Here are some great local events happening around Peterborough & the Kawarthas — from live music and sports to markets and wellness.
🎶 Live Music & Entertainment
The Sheepdogs — Live at The Venue
📍 The Venue
🗓 Saturday | 7:00 PM
Don’t miss The Sheepdogs performing live downtown! Known for their high‑energy shows, this is a great way to spend your Saturday night.
The Venue – The Sheepdogs concert
🏒 Sports & Community
Peterborough Petes vs. Barrie Colts
📍 Peterborough Memorial Centre
🗓 Thursday | 7:05 PM
Join the crowd for a fun Thursday night of Ontario Hockey League action as the Petes take on the Barrie Colts.
Peterborough Memorial Centre – Petes vs Barrie Colts
🛍 Markets & Local Shopping
Peterborough Regional Farmers’ Market
📍 Peterborough Square
🗓 Saturday | 8:00 AM – 1:00 PM
Start your weekend right with a visit to the year‑round farmers’ market downtown. Find fresh produce, baked goods, specialty foods, and unique artisan items.
Peterborough Regional Farmers’ Market
🧘♀️ Wellness & Workshops
Sow the Promise: Three Vows & Sound Bath for the Light Half
📍 Salti Yoga
🗓 Saturday | 2:00 PM
This guided workshop incorporates intention setting and sound healing — a thoughtful way to slow down, reset, and connect with yourself mid‑week. All levels welcome!
👉 More info: https://api.hellowalla.com/previews/5921565?b=13217&type=class
Want these local event ideas delivered straight to your inbox every week?
👉 Join our weekly events list so you never miss what’s happening in Peterborough. Email EVENTS to tmeldrum@cbelectricrealty.ca to get on the list.
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