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    • Between 2% to 5%

      • As a seller, you can expect to pay between 2% to 5% of the home’s total price. A home seller generally covers real estate agent commissions, individual legal fees, and potential mortgage penalties.
      loanscanada.ca/mortgage/closing-costs/
  1. May 9, 2023 · Do sellers pay closing costs Canada? Yes. The major closing costs that sellers in Canada pay include: Legal fees ; Real estate commissions ; Sales tax on real estate commissions. Let’s take a closer look at the closing costs that sellers typically pay in Canada. 1: Legal fees

  2. The major costs of selling a house (or seller closing costs) include the real estate commissions, legal fees, and sales tax on real estate commissions. These vary based on province, region, and your agent’s commission cost structure. You can save on the cost by selling your home FSBO.

  3. Apr 25, 2023 · Find out your closing costs using our interactive closing cost calculator. Get a full breakdown of what you’ll need to pay in Canada, from land transfer taxes to title insurance.

    • Realtor’s Commissions. The seller is usually responsible for paying the commissions to realtors or real estate agents used by them and the buyer. These commissions can set you back between 3-7% of the selling price of the house.
    • Legal Fees. Your real estate lawyer will work with the buyer’s lawyer and other relevant parties (bank, etc.). They review all legal documentation, prepare a statement of adjustments for taxes or utilities owed or prepaid, review and discharge the title for the property and mortgage, deliver the closing packages and keys to the buyer’s lawyer, and much more.
    • Closing Adjustments. Your lawyer will prepare a statement of adjustments. Depending on how you pay your property taxes and utility bills (i.e. prepaid or accrued), you may have to pay what is owed up until the closing day or be due for a refund if you have paid these expenses in advance.
    • Bank Fees. If you have a mortgage and plan to pay it off with the proceeds of your sale before the term ends, you may be subject to prepayment penalties.
  4. Sep 30, 2024 · Sellers will incur their own closing costs related to legal fees, real estate commissions and other expenses for selling their home. You’ll pay your closing costs, along with your down payment, when you meet with your lawyer to sign the mortgage registration documents.

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  6. Closing Costs Overview. Closing costs, ranging from 1.5 to 4% of selling price, are the legal and administrative costs you will need to pay when your house closes....

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