Selling

Our fees

Our professional fees for presenting a seller are $450. GST and PST are added to our fees. Please contact us for an exact quote.

Associated costs

In addition to our fees, there are disbursements, adjustments as well as any payable taxes such as Capital Gains Tax.  The following are estimates of disbursements usually associated with selling residential real estate:

• Land Title search and registration fees $50
• $10 Trust Administration Fee

Municipal taxes, municipal water, municipal sewer, strata maintenance fees, rent and security deposits are adjusted between the buyer and the seller at closing.

Taxes

Taxes can be another significant cost associated with selling real estate. The two taxes payable by the seller are Municipal Property Tax and Capital Gains Tax. Municipal Property Tax is based on a calendar year and payable either once or twice a year in July or in February and July by owners of real estate. Municipal Property taxes are adjusted between the buyer and seller. Capital Gains Tax is payable on the sale of property that is not a primary residence of the seller. Capital Gains Tax is paid on 50% of the capital gain at the general rate. non-resident sellers

Disclaimer

Please remember that the information provided on this website is not legal advice and is intended as general information only. We try to keep this website as accurate and up-to-date as possible but laws, regulations, policies and practice are constantly changing. Please talk to one of our lawyers. Contact us