Full worked examples for sellers and buyers, commission negotiation, and checklists for closing day.
A percentage on a listing agreement means little until you turn it into dollars next to everything else on the statement of adjustments. These guides do the arithmetic for typical situations, so you can redo it with your own numbers.
Begin with the closing costs checklist, which lists every cost a buyer and a seller should expect, by province. Then pick the worked example closest to you: a seller's net proceeds from sale price down to the cheque from the lawyer, or a buyer's closing costs in Toronto, Vancouver and a Quebec municipality at the same price. Other guides cover negotiating commission, choosing between full service, flat fee or selling privately, the tax arithmetic of new versus resale and the costs of buying before you sell.
The commission and net proceeds calculator and the land transfer tax calculator let you test your own figures. All figures in worked examples are illustrative.
Worked Examples and Checklists
The same $1,000,000 resale home bought in Toronto, Vancouver and a Quebec municipality, with land transfer tax, legal or notary fees and first-time buyer relief worked out.
Worked Examples and Checklists
What it costs to buy a new home before selling your current one in Canada, how bridge financing interest is calculated, and how to choose between buying first, selling first or a conditional offer.
Worked Examples and Checklists
A stage-by-stage checklist of closing costs when buying or selling a home in Canada, with province-specific items, who pays each one and how to estimate it.
Worked Examples and Checklists
A worked cost comparison of a full-service listing, a flat-fee MLS listing and a private sale in Canada, with the break-even price difference and a decision checklist.
Worked Examples and Checklists
What you can negotiate in a Canadian listing agreement, how to compare written proposals in dollars, sample structures, and the trade-offs of pushing the rate down.
Worked Examples and Checklists
Worked comparisons of GST/HST, rebates, land transfer tax and builder closing adjustments on a new home versus a resale home at the same price, for first-time and repeat buyers.
Worked Examples and Checklists
Step-by-step calculation of a Canadian seller's net proceeds, from sale price through commission, HST, legal fees, mortgage payout and adjustments, with the arithmetic shown.
