The factors used to make this calculator are based on Ontario values.
It is recommended to provide a budget contingency of around 10% to cover unknowns or additional requests during the work.
These values listed are industry average approximations and can vary based on location in Ontario.
Cost of selling:
1. Home preparation, repairs, cleaning and staging 1% sale price
2. Pre-listing home inspection (house) or status certificate (condos) - included in 5% commission
3. Storage and junk removal costs - 1% sale price
4. Mortgage penalty - depends
5. HST on commission and legal fees - 13%
6. Title insurance fees $250
7. Property survey not typically required
8. Moving costs, including utility connection charges - 2-4% sale price
9. Real estate agent commission - paid by buyer
1. Land Transfer Tax - 0.5% on amounts up to and including $55,000. 1.0% on amounts exceeding $55,000, up to and including $250,000. 1.5% on amounts exceeding $250,000, up to and including $400,000.
2. Home inspection fees - included in commission
3. Appraisal fees
4. Down payment
Lawyer Fees
Title insurance fees
Changes in property tax (will you pay more in taxes in your new house?)
Change in Home Insurance price (will you pay more in insurance in your new house?)
Real estate agent commission 5%