One of the most common questions we get from sellers is: how much does it cost to sell my home?
In the Greater Toronto Area, commission is typically structured as a percentage of the final sale price, and is usually split between the listing brokerage and the buyer's brokerage. The exact percentage varies by brokerage, property type, and the scope of services provided.
A few things every seller should know:
- Commission is always negotiable. It is not set by law, by any real estate board, or by MLS. It's agreed upon between you and your brokerage.
- Commission is only paid on a successful closing. If the home doesn't sell, no commission is owed.
- HST applies to commission amounts, and is paid out of the sale proceeds at closing.
- What's included can vary. Some brokerages bundle photography, staging support, and marketing into their commission; others charge separately. Always ask what's covered.
- Buyers don't pay their agent directly in most cases. Instead, buyer-side commission is typically paid from the proceeds of the sale, not out of pocket.
We're always upfront about our commission structure and what it includes. Feel free to ask us directly for the specifics before you decide who lists your home.