Cost of selling
Most of it is commission and the GST on it. The rest is smaller and more predictable. Below is what that looks like against what homes are really asking in each city, not a generic range.
Markets covered
53
Typical share of price
3.7%
33%
A little more about the home
These details help narrow the comparable listings used for your estimated range.
Worked on each city's median asking price, plus GST, $1,500 legal and discharge, and $2,500 preparation and moving. Commission is negotiated, so treat these as a starting shape.
Surrey
About $36,023 on a $1,039,900 home
See the breakdown
Vancouver
About $45,186 on a $1,389,000 home
See the breakdown
Richmond
About $35,973 on a $1,038,000 home
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Burnaby
About $32,324 on a $899,000 home
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Kelowna
About $29,699 on a $799,000 home
See the breakdown
Langley
About $33,663 on a $950,000 home
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Abbotsford
About $30,248 on a $819,900 home
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Coquitlam
About $33,660 on a $949,900 home
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Chilliwack
About $28,148 on a $739,900 home
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Kamloops
About $25,523 on a $639,900 home
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Maple Ridge
About $37,595 on a $1,099,800 home
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North Vancouver
About $42,824 on a $1,299,000 home
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Vernon
About $25,131 on a $625,000 home
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Prince George
About $19,461 on a $409,000 home
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Nanaimo
About $27,875 on a $729,500 home
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Mission
About $32,324 on a $899,000 home
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Delta
About $42,246 on a $1,277,000 home
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New Westminster
About $27,348 on a $709,450 home
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West Kelowna
About $28,124 on a $739,000 home
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West Vancouver
About $87,186 on a $2,989,000 home
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Langford
About $27,098 on a $699,900 home
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Victoria
About $27,754 on a $724,900 home
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Saanich
About $37,311 on a $1,089,000 home
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Penticton
About $25,854 on a $652,500 home
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White Rock
About $40,223 on a $1,199,900 home
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Port Coquitlam
About $34,975 on a $1,000,000 home
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Osoyoos
About $21,646 on a $492,250 home
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Whistler
About $53,324 on a $1,699,000 home
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Port Moody
About $34,944 on a $998,800 home
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Campbell River
About $26,508 on a $677,450 home
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Salmon Arm
About $26,442 on a $674,900 home
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Squamish
About $37,167 on a $1,083,500 home
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Lake Country
About $34,973 on a $999,900 home
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Sechelt
About $30,380 on a $824,950 home
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Sooke
About $29,723 on a $799,900 home
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Fort St. John
About $19,461 on a $409,000 home
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Courtenay
About $28,673 on a $759,900 home
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Duncan
About $30,381 on a $825,000 home
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Port Alberni
About $24,449 on a $599,000 home
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Quesnel
About $18,238 on a $362,400 home
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Commission in British Columbia is negotiated between you and the brokerage you list with. There is no set rate and no legally mandated amount. A common illustrative structure is a higher percentage on the first $100,000 and a lower percentage on the balance, and that is what the figures on this page use. Your listing agreement sets the real number.
Yes. GST applies to the commission itself, not to the sale price of a used residential home. On the illustrative figures below, the GST line is calculated on the commission only.
Legal fees and mortgage discharge, any mortgage prepayment penalty if you are breaking a term early, and whatever you spend preparing and moving. A property transfer tax is paid by the buyer, not the seller.
A home that was your principal residence for every year you owned it is generally exempt from capital gains tax. Investment and secondary properties are not, and BC has additional rules for recently purchased homes. Confirm your situation with an accountant.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Median asking prices come from BCRES MLS via Bridge Interactive and refresh daily. Commission in British Columbia is negotiated in your listing agreement; the structure used here is illustrative only and is not a quote or an offer. Nothing on this page is legal, tax or financial advice.