COSTS ASSOCIATED WITH SELLING YOUR HOME

Costs Associated with Selling Your Home

- Scenario based on a sale price of $1,500,000

• Real Estate Commission (7% on the first $100,000 & 3% on the balance): $49,000
• 5% GST is applicable on Real Estate Commissions as it’s a service: $2,450
• Legal Fees: Approximately $1,000
• Property Taxes?
• Mortgage?
• Mortgage Payout Penalty?
• Water Adjustments?
• Moving Costs?
• Capital gains tax if applicable?