Selling costs money too, and almost every calculator online is built for buyers. This one is for the other side of the deal: what it costs to sell your home in BC and what actually lands in your account after the mortgage is paid out.
Seller closing costs estimator
Commissions in BC are negotiable and vary by brokerage; the presets are common structures, not a rule. GST of 5% applies to commission. Renewing rather than selling? Check the break penalty guide before you pay a penalty. Estimates only, not a quote.
What each line covers
Commission pays both brokerages and is set by your listing agreement, not by law; the presets above are common BC structures and every one of them is negotiable. GST applies to the commission at 5%. Legal fees cover the conveyancing that discharges your title, and your lender charges a discharge fee to remove the mortgage. The penalty line matters most: if you sell mid-term, your lender charges a prepayment penalty, and on a fixed rate at a big bank that number can be five figures. The break penalty guide explains how to find yours before you list.
Selling and buying at the same time?
Port the mortgage and the penalty can disappear; break it and the penalty joins your selling costs. This is a sequencing decision worth making before the house hits the market, not on completion day. The buyer closing costs calculator covers the other side, and a free consultation covers the sequencing.
Frequently asked questions
Who pays the realtor commission in BC?
The seller pays the commission for both sides out of the sale proceeds, plus GST. Buyers rarely pay their agent directly. That is why seller closing costs are usually far larger than buyer closing costs on the same home.
Do sellers pay property transfer tax in BC?
No. Property transfer tax belongs to the buyer. Your tax exposure as a seller is the GST on commission, and capital gains only if the home was not your principal residence.
What does it cost to break my mortgage when I sell?
Variable mortgages charge three months of interest. Fixed mortgages charge the greater of three months interest or the interest rate differential, which at a big bank can run three to five times larger than at a monoline. Get the payout statement before you list; the number belongs in your budget, not in your surprises.
Are these numbers a quote?
No. They are honest estimates with editable inputs. Commissions vary by agreement, legal fees vary by file, and penalties come from your lender in writing.