Understanding the True Cost of Selling Your Home
A comprehensive guide to budgeting for your home sale in Canada
Major Selling Costs Breakdown
4-6% of sale price
The largest selling cost. In Canada, this typically ranges from 4-6% of your home's sale price and covers both the listing and buyer's agent.
$1,000 - $2,500
Lawyer fees for handling the sale transaction, title transfer, and closing documents.
$2,000 - $5,000+
Professional staging can help your home sell faster and for a higher price.
$1,050 - $2,700
High-quality photos, videos, virtual tours, and marketing materials to showcase your property.
$400 - $600
Optional but recommended to identify issues before listing and avoid surprises during negotiations.
$2,000 - $10,000+
Pre-sale repairs and cosmetic updates to maximize your home's appeal and value.
Varies
Applies only to investment properties or secondary residences, not your principal residence.
3 months interest or IRD
If breaking your mortgage early, you may face penalties. Check with your lender.
$900 - $4,300
Professional movers or truck rental, packing supplies, and temporary storage if needed.
$100 - $300
Final utility bills, disconnection fees, and setting up services at your new home.
Example Cost Breakdowns
Negotiate commission rates with your agent – they may be flexible
Do minor repairs and cosmetic updates yourself to save on contractor costs
Time your sale strategically to avoid breaking your mortgage early
Declutter and clean thoroughly yourself before professional staging
Get multiple quotes for services like legal fees, photography, and moving
Consider selling during peak season (spring/summer) for faster sale and potentially higher price
Don't Forget These Hidden Costs:
Frequently Asked Questions
Get a Personalized Cost Analysis
Every home sale is unique. Connect with a Sutton Group agent for a detailed breakdown of selling costs specific to your property and situation.
Disclaimer: The costs outlined in this guide are estimates based on typical Canadian home sales. Actual costs may vary by location, property type, and individual circumstances. Consult with a real estate professional for accurate cost projections for your specific situation.