Selling a home in Toronto comes with plenty of moving parts—literally and financially. While the goal is usually to walk away with a tidy profit, it’s worth knowing what expenses could chip away at your bottom line. From staging to legal fees and everything in between, here’s a breakdown of what sellers can expect to spend.
Real Estate Commissions: The Big One
Real estate commissions are often the largest cost in a home sale. In Toronto, it’s standard to pay between 3.5% and 5% of the final sale price, with that amount typically split between the buyer’s and seller’s agents.
While it may seem steep, this fee covers professional marketing, buyer negotiations, and the guidance of experienced agents who can help you sell faster and higher. And yes—commission rates can sometimes be negotiated, especially on higher-end properties.
Meet our team to see how we advocate for every dollar on your behalf.
Legal Fees: Closing with Confidence
Expect to spend between $1,500 and $2,500 in legal fees. That includes the cost of preparing documents, discharging your mortgage, completing title transfers, and managing disbursements like wire transfers or title insurance.
Your real estate lawyer will ensure the closing goes off without a hitch—so this is one area where cutting corners could cost more in the long run.
Mortgage Discharge & Prepayment Penalties
If you’re breaking your mortgage early, be prepared for additional fees. These usually include:
- Admin/legal/registration fees (~$250–$500 total)
- A prepayment penalty (either 3 months’ interest or an Interest Rate Differential—whichever is higher)
The exact amount varies depending on your lender and mortgage terms. Request a quote from your bank ahead of time so you’re not blindsided at closing.
Staging and Photography: Selling the Story
First impressions count. Many sellers invest in staging and professional photography to maximize appeal—and return.
- Physical staging can cost $4,000–$10,000, depending on the size of the home and length of time it’s staged.
- Photography and virtual tours typically range from $500–$1,000, though high-end packages can go higher.
It may seem like a lot up front, but well-staged homes tend to sell faster and for more money—often recouping that cost and then some.
Status Certificate (For Condo Sellers)
If you’re selling a condo, buyers will likely request a status certificate, which outlines the financial and legal health of the building. In Toronto, sellers are usually responsible for covering the ~$100 (plus HST) fee.
Make sure to order it early to avoid delays once your property hits the market.
Moving Costs: Don’t Forget the Finish Line
Once the deal is done, it’s time to pack—and that comes with its own price tag. Professional movers in Toronto typically charge:
- $1,500–$2,500 for local moves, depending on home size and complexity
- More for long-distance or full-service packing/moving combinations
Budget a bit extra if you need short-term storage or specialized services (like moving a piano).
Capital Gains Tax (If It’s an Investment Property)
If the home you’re selling is your principal residence, you’re off the hook for capital gains.
But if it’s an investment or secondary property, 50% of the profit is taxable as income. The amount you owe will depend on your marginal tax rate and how long you held the property.
Keep good records—renovations, legal fees, and realtor commissions can often be deducted from your gain.
Here’s what the CRA says about it.
Toronto Home Selling Costs at a Glance
| Cost Type | Typical Range |
|---|---|
| Real Estate Commission | 3.5%–5% of sale price |
| Legal Fees | $1,500–$2,500 |
| Mortgage Discharge | ~$250–$500 + penalties |
| Staging | $4,000–$10,000 |
| Photography | ~$500–$1,000 |
| Status Certificate | ~$100 (condos) |
| Moving | $1,500–$2,500 |
| Capital Gains (if applicable) | 50% of gain is taxable |
Final Thoughts: Budgeting = Power
Selling comes with its share of expenses—but it doesn’t have to come as a surprise. With a clear view of the costs involved, you can plan better, price smarter, and maximize your returns.
Thinking of listing your home? Here’s how we help you sell higher.
