Cost of selling in West Vancouver
Selling in West Vancouver costs about $87,213.
That is on a median West Vancouver home of $2,990,000. Enter your price to see yours.
- Median asking
- $2.99M
- Share of price
- 2.9%
- Commission and GST
- $83,213
Source: MLS® active listings, median asking price.
Run your numbers
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Illustrative: 7% on the first $100,000 and 2.5% on the rest. Commission is negotiated in your listing agreement.
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Breaking a fixed term early can carry a prepayment penalty. Your lender quotes it.
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$2,502,787
After $83,213 in commission and GST, a $400,000 mortgage payout and $4,000 in other costs.
- You keep$2,502,787
- Mortgage payout$400,000
- Commission and GST$83,213
- Legal, moving and other$4,000
- Median asking
- $2.99M
- Share of price
- 2.9%
- Commission and GST
- $83,213
Source: MLS® active listings, median asking price.
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Where the money goes
On the median West Vancouver home of $2,990,000.
| Commission (illustrative, negotiated)Shown as 7% on the first $100,000 and 2.5% on the rest. The real rate is set in your listing agreement. | $79,250 |
|---|---|
| GST on commissionGST applies to the commission, not to the sale price of a resale home. | $3,963 |
| Legal and mortgage dischargeA lawyer or notary handles the transfer and pays out the mortgage. | $1,500 |
| Preparation and movingRepairs, cleaning, any staging, and the move itself. | $2,500 |
| Property transfer taxPaid by the buyer, not the seller. | |
| Estimated total | $87,213 |
On a $2,990,000 home, which is the median asking price in West Vancouver right now, the costs above come to roughly $87,213, or about 2.9% of the sale price.
Commission and the GST on it make up $83,213 of that. Commission is negotiated in your listing agreement, so this is the one line with real room to move.
Selling costs take a slightly smaller share of the price here than in a typical BC market, because the fixed costs are spread across a higher sale price.
Questions
How much does it cost to sell a house in West Vancouver?
On a $2,990,000 home, the median asking price in West Vancouver, selling costs are about $87,213, or 2.9% of the price. That is $79,250 example commission, $3,963 GST, $1,500 legal, and $2,500 preparing and moving.
What is realtor commission in West Vancouver?
Commission in BC is negotiated with the brokerage you list with. There is no set rate. The figure here is an example, not a quote.
Who pays the property transfer tax?
The buyer. Sellers pay commission, legal fees and any mortgage payout.
Are these figures exact?
They are estimates. Your lawyer or notary confirms the final numbers on the statement of adjustments.
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Source: BCRES MLS® via Bridge Interactive, median asking price, refreshed daily. Illustrative commission plus 5% GST, legal and discharge, and preparation and moving, on the median asking price.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Commission in BC is negotiated in your listing agreement. These figures are illustrative, not a quote, and not legal, tax or financial advice.