How much does it cost to sell a home in the Greater Toronto Area?

What Does It Cost to Sell a Home in the Greater Toronto Area (GTA)?

The cost of selling a home in the GTA can vary depending on several factors, including the type of property, its condition, and the services you choose to use.

When you sell with Bōde, the cost is simple and transparent:

• Option 1: Pay Upfront — $949 + GST A flat fee with no additional commission, regardless of your home’s final sale price.
• Option 2: Pay on Success — 1% of Sale Price (max $10,000 + GST) No upfront cost; you only pay if and when your home sells.

This means you can eliminate traditional listing commissions, and reduce your marketing and conveyancing costs, often saving tens of thousands of dollars compared to the traditional model.

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Common Costs to Consider When Selling in the GTA

1. Home Staging and Repairs
   Many sellers invest in home staging or minor improvements to boost appeal.
   Costs can range from a few hundred to several thousand dollars depending on the scope of the work.

2. Home Inspection and Appraisal
   While buyers usually pay for inspections, some sellers choose to do them upfront to reassure buyers.
   Expect to pay $300–$700+ for inspections and more for formal appraisals.

3. Land Transfer Tax (LTT) Implications
   In Ontario, the buyer pays the LTT, but this cost may impact negotiations.
   Sellers should be aware of how LTT might influence buyer behavior or offer structure.

4. Mortgage Discharge Fees
   If you have a mortgage, your lender may charge a discharge fee when the loan is closed or transferred.
   These fees vary based on your lender and the terms of your mortgage agreement.

5. Moving Costs
   While not a selling expense directly, it's important to budget for packing, transport, and storage, especially if you're relocating within or outside the GTA.

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Sell Smarter with Bōde

Selling with Bōde gives you access to industry-standard tools and real-time data that help you price and position your home accurately:

• Market Data (https://bode.ca/market-data) – Understand trends in your neighbourhood
• Sold Data (https://bode.ca/sold-data) – See what nearby homes have sold for
• Comparables (https://bode.ca/comparables) – Compare your home to similar listings on and off the market

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If you're planning to sell in the GTA, being informed about these costs — and using the right tools — can help you save money, price confidently, and get the most out of your sale.