Estimate your costs.
Commission Calculator
Commission Calculator
Total
Commission
Commission
Commission
$
29,500
GST
$
1,475
Total
$
30,975
Seller’s Agent
Commission
Commission
Commission
$
15,783
GST
$
789
Total
$
16,572
Buyer’s Agent
Commission
Commission
Commission
$
13,718
GST
$
686
Total
$
14,403
Seller's Net Proceeds
$
969,025
There is no standard or average real estate commission and REALTOR® fees are always negotiable. HofVan Real Estate Group charges a 7% fee on the first $100,000 + 2.5% on the balance + GST. A Seller’s agent receives 3.745% on the first $100,000 + 1.3375% on the balance + GST. A Buyer’s agent receives 3.255% on the first $100,000 + 1.1625% on the balance + GST. HofVan Real Estate Group will not be held liable for any losses or damages resulting from any errors or omissions in any information or results, or any action or decision made by users in reliance on any information or results. This calculator should not be considered a substitute for professional accounting or legal advice.
Property Transfer Tax Calculator
TAX ON AMOUNT UNDER $200,000 (1%)
$
2,000
TAX ON AMOUNT OVER $200,000 & LESS THAN $2,000,000 (2%)
$
16,000
TAX ON AMOUNT OVER $2,000,000 & LESS THAN $3,000,000 (3%)
$
TAX ON AMOUNT OVER $3,000,000 (5%)
$
TOTAL TAX PAYABLE
$
18,000
If the property is classified as residential and farm, or is residential mixed class (such as residential and commercial), you pay the further 2% tax on only the residential portion of the property.
This calculator should not be considered a substitute for professional accounting or legal advice. This calculator does not calculate the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. For further information please visit
https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/additional-property-transfer-tax.
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36 East 5th Avenue
Vancouver, BC, V5T 1G8
Each office is independently owned and operated. This communication is not intended to cause or induce breach of an existing agency agreement.
NOTE: This representation is based in whole or in part on data generated by the Greater Vancouver Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy. Copyright 2019 by the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Chilliwack and District Real Estate Board, and BC Northern Real Estate Board. All Rights Reserved.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.