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 & 3.5% on the balance): $56,000
- 5% GST is applicable on Real Estate Commissions as it’s a service: $2,450
- Legal Fees: Approximately $1,000
- Property Taxes?
- Mortgage Payout Penalty?
- Water Adjustments?
- Moving Costs?
- Capital gains tax if applicable?