Seller Costs

Realtor Commissions

Realtor commissions are paid by the Seller, and are shared between the listing agent and the Buyer’s agent. The commission (plus HST) will be deducted from the sale proceeds by your legal representative at the time of completion and paid directly to the agents’ brokerages on your behalf. There are no additional fees charged by us to list/sell your property.

Realtor fees are negotiable and are largely dependant on the value of the property, how many transactions are involved and the list of services that are provided.  It is very important to understand that negotiating the lowest commission rarely means that you are netting the most money.  Give me a call directly to discuss or click the contact us link above to schedule a no obligation Seller consultation.

Legal fees

You will require a lawyer in order to transact your sale, transfer title and discharge your mortgage (if required). Seller costs usually range from $1,000 to $1,500 plus disbursements plus HST, depending on the nature of the transaction. We can provide you with a list of recommended lawyers.

Capital Gains Tax

Capital Gains tax is not applicable on your principal residence if you are a Canadian resident. It is applicable for second residences and investment properties for residents and non-residents alike. Generally speaking, capital gains tax is levied on 50% of the gain at the seller’s marginal income tax rate. Like many other taxes, this rate and its application will vary depending on many factors. We strongly recommend that all sellers consult their lawyer and accountant to determine exactly how the Capital Gains tax applies to them.