Estimated net: enter your numbers
This is an estimate from the numbers you enter. It leaves out taxes and other items that apply to you. Confirm with your lawyer and advisor.
What the number means
Net proceeds are what is left of the sale price after the costs of selling and paying off what you owe. It is the money you can put toward your next home or your plans.
Costs to think about
- Real estate commission and any tax on it. We explain every cost in writing before you sign.
- Your lawyer's fees and disbursements.
- Your mortgage payout, plus any penalty for ending it early. Ask your lender for a payout statement.
- Adjustments for property taxes, utilities and similar items on closing day.
- Repairs, staging and cleaning before you list.
- Moving costs, and any overlap between homes.
Taxes
Selling the home you live in is generally not taxed as a capital gain in Canada under the principal residence exemption, but the sale must be reported on your tax return. Confirm with your accountant. Source: Canada Revenue Agency.
Get a real number
The calculator uses only what you enter. For a number you can plan around, send us your figures and we go through them with you in a conversation. Your lawyer and accountant confirm the final amounts.
More to read
Frequently asked questions
Is this an appraisal?
No. It is our opinion of value based on local sales. An appraisal is done by a licensed appraiser.
Is this a quote?
No. It is an estimate from your own numbers. It leaves out taxes and other items that apply to you.
What should I enter for costs?
Use your lender's payout statement for the mortgage, our written cost breakdown for commission and fees, and your lawyer's estimate for legal costs.
Ready when you are.
Call or text 705-500-5333 or get your home value.