Selling Costs

The seller of a property in BC may be responsible for the following costs: 

  • Lawyer or Notary Fees and Expenses
  • Pre-Payment Penalties levied by the financial institution for early pay-out of an existing mortgage.  This may be avoided if mortgage can be assigned to buyer or transferred to your new property. (consult your mortgage specialist)
  • Adjustments for Ownership
    This may include taxes, late penalties and/or strata fees.
  • Capital Gains Tax
    The Capital Gain tax is the ‘gain’ on investment properties. (consult your accountant)
  • Commission you agreed to pay your brokerage

*Other costs may be associated.