Typical Cost of selling a home in Metro Vancouver:

Real Estate Agent Fees + GST

  • Typical commission structure is 7% on the first $100,000 and 2.5% on the balance of the sale price, this is split between the buyer's and seller's agents. This can vary since there is no fixed commission.

  • Example Commission on $1,000,000 sale price = $29,500 + GST


Legal Fees + GST

  • Expect to pay between $1,000 and $2,000 for legal services. This includes title registration.


Mortgage Discharge Fees

  • Any prepayment penalty levied by the financial institution for early pay-out of an existing mortgage.


Utilities and Property Tax

  • Your share of the property taxes and city utility for the year if the current year’s taxes have not yet been paid, plus any penalties due for late payment of unpaid taxes and city utilities. This cost will be adjusted by your lawyer/ notary at the time of closing.


Strata Fees

  • If you live in a strata property, consider any fees associated with selling, like obtaining a current strata document package, plus any fees owed to strata corporation, and move in/ out fee. 


Capital Gains Tax

  • If the property is not your principal residence, you may be subject to capital gains tax on the profit from the sale. Speak to your accountant for details.


Other Costs to Consider:

  • Moving Costs

  • Pre-Listing Inspection

  • Home staging

  • Renovations and repairs

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.