Realistic numbers, not vague percentages
Selling in Toronto comes with a stack of closing-side line items beyond the marketed sale price. Here is what each one actually is, with realistic ranges based on current Toronto deals.
Real-estate lawyer
$1,500 to $2,500 for the seller side. Includes mortgage discharge prep, title search, closing-day funds management.
Mortgage discharge fee
$200 to $400 from the lender, plus the prepayment penalty if you are breaking the mortgage early. Run the IRD vs three-month-interest math with your mortgage agent (or me, since I am dual-licensed).
Capital gains tax
Principal residence exemption applies if you have lived there. Investment / rental properties are 50% of the capital gain taxable at your marginal rate.
Staging + photography
Sometimes covered by the listing brokerage. If not: $1,500 to $4,000 depending on the home.
Pre-list repairs + cleaning
$500 to $3,000 typical. Pre-list inspection if elected: $400 to $700.
Status certificate (condos)
$100, ordered from the condo corporation by the seller. Required for the buying side to complete due diligence.
Moving
$1,500 to $5,000 within Toronto, depending on volume + distance.
One-page net-sheet
I run a personalised net-sheet for every seller before listing – actual price minus actual costs minus mortgage payoff = what hits your account on closing. Ask for one anytime.
