Mortgages in Maple
A north-central community around a historic village core, with newer detached homes and a GO station. Here’s what buying there costs and which rules apply, before you compare lenders with one licensed mortgage professional.
Short answer
Maple is in Vaughan, so Vaughan’s tax rates and Ontario’s rules apply. On a $1,000,000 home you’d need at least $75,000 down and $16,475 in land transfer tax ($12,475 for a first-time buyer). Property tax runs about $749 a year per $100,000 of assessed value.
Buying in Maple
A north-central community around a historic village core, with newer detached homes and a GO station.
Close to Canada’s Wonderland and the Vaughan Mills shopping area, Maple has a mix of established homes and newer subdivisions. It’s popular with families.
What to know about a mortgage in Maple
If you’re buying new construction in Maple, plan for builder deposits paid in stages and closing dates that can move. Your mortgage approval needs to be ready, or renewable, for the actual closing date, and the final price can include adjustments you won’t see in the purchase price.
Older homes in Maple often need updates. A thorough inspection helps you budget, and if you plan to renovate, ask about a purchase-plus-improvements mortgage, which adds the cost of the work to your mortgage up front.
How NorthMerit can help
Tell us what you’re planning and we’ll connect you with one licensed mortgage professional who compares lenders for you. It’s free, and there’s no obligation.
What it costs to buy a $1,000,000 home in Maple
| Repeat buyer | First-time buyer | |
|---|---|---|
| Minimum down payment | $75,000 | $75,000 |
| Mortgage insurance (added to the loan) | $37,000 | $37,000 |
| Sales tax on insurance (cash) | $2,960 | $2,960 |
| Ontario land transfer tax | $16,475 | $12,475 |
| Cash at closing | $94,435 | $90,435 |
Example price, not a local average. Minimum down payment and a 25-year amortization; legal fees, title insurance and adjustments are extra.
Vaughan rules that apply in Maple
Vaughan’s 2026 residential property tax rate is 0.7492%, about $749 a year for every $100,000 of assessed value. Source
York Region decided in November 2023 not to bring in a vacant home tax. Source
Ontario’s Planning Act allows up to three units on most serviced residential lots, such as a main home plus a basement apartment and a garden suite, as long as you meet the building code and local zoning details. Source
Lenders can count part of the rent from a legal unit toward your income, and some will use the expected rent when you buy. A unit that isn’t legal or registered where required may not count, and can complicate your insurance.
Sources
We checked these figures against official sources in October 2026. Rules and rates change, so confirm the details with your mortgage professional, lawyer or the source before you rely on them.
- Minimum down payment (Financial Consumer Agency of Canada)
- Mortgage insurance premiums (CMHC)
- Calculating land transfer tax (Government of Ontario)
- Land transfer tax refunds for first-time buyers (Government of Ontario)
- Additional residential units, up to three per lot (Environmental Registry of Ontario)
- Vaughan property tax rates
- Vaughan: vacant home tax
Common questions
How much down payment do I need for a home in Maple?
What property tax will I pay in Maple?
Can I add a rental unit to a home in Maple?
Who can help me get a mortgage in Maple?
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