The costs of selling your home


SURVEY COSTS

The cost of a new survey generally runs between $1200 - $1800 in the city, slightly more in the country


LEGAL FEES

Start from approximately $1000 plus disbursements and title insurance

Fees may be higher if there is a mortgage being discharged on the property


COMMISSION

Total commission is 5% plus HST

MORTGAGE DISCHARGE

Mortgage penalties for discharging mortgage early – usually 3 months interest or interest differential and a legal cost of approx. $250 - $300

Discharge fee of $100 - $200 to cover mortgage company’s administrative costs

Usually there is no penalty if transferring your mortgage to your new property


OTHER EXPENSES

All your final bills from utilities and house taxes should be fully paid at time of closing

MOVING COSTS

Get quotes from a couple of moving costs. Book well in advance. They book up quickly particularly around the end of the month.