How Much Does It Cost to Sell a House in Ontario?

Monday Sep 21st, 2026

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How Much Does It Cost to Sell a House in Ontario?

https://soldbymike.ca/home

Selling a house involves more than simply paying a Realtor.

Understanding the potential costs beforehand can help you estimate how much money you will actually have available after closing.

Real Estate Commission

For many sellers, real estate commission is the largest selling expense.

There is no single mandatory commission rate in Ontario.

Commission arrangements should be clearly explained in your representation agreement, including how the brokerage is compensated and any amounts related to a buyer's brokerage fees.

Legal Fees

You'll normally require a real estate lawyer to complete the sale.

Your lawyer handles matters including:

  • Reviewing closing documents

  • Discharging an existing mortgage

  • Adjusting property taxes

  • Transferring title

  • Receiving and distributing sale proceeds

Legal costs vary depending on the transaction.

Mortgage Penalties

If you are paying off your mortgage before the end of your mortgage term, your lender may charge a prepayment penalty.

This can sometimes be a significant expense.

Before listing your home, contact your lender and ask for an approximate mortgage discharge amount and any applicable penalty.

Mortgage Discharge Fee

Your lender may also charge an administrative fee to discharge the mortgage from your property.

Repairs and Preparation

You may choose to spend money preparing the property for sale.

Possible expenses include:

  • Painting

  • Minor repairs

  • Cleaning

  • Landscaping

  • Decluttering

  • Staging

Not every property requires major renovations before selling.

In many cases, relatively inexpensive cosmetic improvements can provide more value than extensive renovations.

Moving Costs

Don't forget the actual cost of moving.

Depending on your situation this could include:

  • Movers

  • Storage

  • Packing supplies

  • Temporary accommodation

  • Utility connections

Capital Gains Tax

If the property qualifies as your principal residence for the entire period you owned it, the principal residence exemption may eliminate capital gains tax.

Investment properties, rental properties, cottages and some other properties can create different tax consequences.

Tax situations vary, so speak with a qualified accountant or tax professional.

Calculate Your Estimated Net Proceeds

Before listing, ask for a seller net sheet showing approximately:

Expected Sale Price
minus Mortgage Balance
minus Commission
minus Legal Expenses
minus Mortgage Penalties
minus Other Selling Costs

This gives you a much clearer idea of what you may have available for your next purchase.

Michael Gallant Team
Century 21 Wenda Allen Realty

https://soldbymike.ca/home

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