Seller · Net Proceeds
Coquitlam sellers typically net roughly 96-97% of sale price after commissions, legal, taxes, and adjustments. On a $1.5M sale, that's about $1.45M net to the seller. Here's the line-by-line breakdown.
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What it costs to sell coquitlam?
Coquitlam sellers typically net roughly 96-97% of sale price after commissions, legal, taxes, and adjustments. On a $1.5M sale, that's about $1.45M net to the… Craig Johnston, Top 1% Team Member — Greater Vancouver REALTORS® and 47+ year Tri-Cities resident, can walk you through the local context. Free Strategy Call ends with a written one-page plan in 24 hours.
Verified · Seller · Net Proceeds
REALTOR® commission
Typically 7% on first $100K + 2.5% on the balance, split between listing brokerage and buyer's brokerage. Plus 5% GST on the commission. Negotiable — talk to your REALTOR® about commission structure.
Legal fees
$1,200-$2,500 for a typical residential sale. Higher for complex situations or strata properties with extensive paperwork.
Adjustments
Property taxes (you receive credit for prepaid portion, debit for unpaid). Strata fees (similar). Some utilities.
Mortgage discharge
Bank charges typically $200-$400 for discharge. Some prepayment penalties may apply if breaking a fixed-term mortgage early — can be substantial ($5K-$30K). Check your mortgage contract.
Staging / preparation
Optional. Professional staging $2K-$8K typical. Often pays back many times in higher sale price and faster sale.
Photography / marketing
Often included in REALTOR®'s commission. Confirm what's included before signing the listing agreement.
Net example: $1,500,000 sale
Commission ~$42K + GST ~$2,100 + Legal $1,500 + Misc adjustments. Net to seller: roughly $1,452K-$1,456K (assuming no mortgage prepayment penalty).
Capital gains
Principal residence sale is generally exempt from capital gains tax in Canada. Investment property sale triggers capital gains (50% inclusion at marginal rate).
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A clear picture of selling costs protects your bottom line. Six categories to budget for so your net proceeds hold no surprises.
Cost
The largest selling cost is typically the commission, which is negotiable and structured in different ways. Understand exactly what it covers and how it is calculated before you list.
Cost
A lawyer or notary handles the closing paperwork and title transfer for a fee. It is a smaller line item, but a necessary one on every sale.
Cost
Cleaning, minor repairs and staging cost money up front but often pay for themselves in a stronger, faster sale. Budget realistically for the work that genuinely moves the needle.
Cost
Paying off your mortgage on sale can involve a discharge fee, and breaking a fixed term early may trigger a prepayment penalty. Ask your lender for the exact figure well before closing.
Cost
Movers, packing and any overlap in housing are easy to underestimate. Factor them in so the cost of actually leaving is part of the plan, not an afterthought.
Cost
Property tax and utility adjustments at closing, plus any strata items, round out the picture. Individually small, they still belong in your net-proceeds math.
The number that actually matters is not your sale price but what you keep after all of these — your net proceeds. Sellers who map these costs out before listing make far better decisions, because they are working from the real figure that funds their next move rather than an optimistic gross that quietly shrinks by closing day.
Every one of these amounts varies with your specific situation, so treat the categories here as a checklist rather than a quote, and confirm the exact figures with your lawyer, your lender and your REALTOR® before you finalise anything. A short conversation up front to pin down your true net is one of the highest-value hours a seller can spend.
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