Calculator
What will you walk away with?
Plug in your numbers to estimate your cash after closing. Every field is editable — nothing is sent anywhere.
Not sure? Get a real number from the home value page.
Commission in Ontario is negotiable and set in your listing agreement. HST applies.
Ask your lender for a payout statement.
Your estimate; ask your lawyer.
Estimated cash after closing
$745,500
From a $750,000 sale, after $4,500 in selling costs.
- Commission
- $0
- HST on commission (13%)
- $0
- Legal fees & disbursements
- $1,500
- Mortgage penalty
- $0
- Moving
- $3,000
- Repairs & staging
- $0
Estimate only. Capital gains generally don't apply to your principal residence, but cottages and investment properties may be taxable — ask your accountant. Non-resident sellers have extra CRA requirements.
Questions people ask
What does it cost to sell a house in Ontario?
The main costs are real estate commission (negotiable) plus 13% HST on it, legal fees and disbursements, any mortgage prepayment penalty, and moving, repair and staging costs. Your mortgage balance is paid out of the proceeds.
Is HST charged on real estate commission in Ontario?
Yes. HST at 13% applies to the commission. It does not usually apply to the sale price of a resale home.
Do I pay capital gains tax when I sell my home?
Generally not on your principal residence. A cottage, rental or second property may be taxable when sold. Ask your accountant about the principal residence designation.
How do I find out my mortgage penalty?
Ask your lender for a payout statement with your expected closing date. Penalties depend on whether your mortgage is fixed or variable and how much of the term is left.
Thinking of selling?
Find out what your home would sell for today.
Jordan will put together a considered price range using recent local sales and the listings you'd be competing with — free, and with no pressure to list.
Jordan Rossman
REALTOR®, Sales Representative
Real Broker Ontario Ltd.
Three quick steps. A real number back from Jordan — not an algorithm.
Request my home valueOr just call or text — it's the same conversation.