Closing Costs When Selling a Home in Ontario: The Complete Guide

Most Ontario homeowners are surprised by how much selling actually costs. Beyond the obvious realtor commission, there are legal fees, mortgage discharge penalties, and more.

Typical Closing Costs When Selling in Ontario

• Realtor commission — 4 to 6 percent. On a $500,000 home, that is $20,000 to $30,000.
• Legal fees — $1,500 to $2,500 for a real estate lawyer.
• Mortgage discharge fee — $200 to $400.
• Mortgage prepayment penalty — $1,000 to $15,000+ if breaking a fixed mortgage early.
• Property tax adjustment — prorated amount depending on closing date.
• Moving costs — $1,000 to $5,000.
• Repairs and staging — $2,000 to $30,000+.

What Does It Cost to Sell to SellQuikly?

Zero. No realtor commission. No closing fees charged to you. We cover all closing costs. The cash offer we present is exactly what you receive.