Are you thinking about selling your home in Calgary and wondering, “What are the real costs of selling a home in Calgary?” You’re not alone. This is one of the most common questions homeowners ask when preparing to list their property. Selling a home can be a rewarding experience, especially when you understand all the costs involved. In this guide, Calgary Realtor Ryan Gillard breaks down everything you need to know about the actual expenses of selling a home in Calgary, Alberta.
Click here if you’d prefer to watch my YouTube Video on this topic!
Click here if you’d prefer to watch my YouTube Video on this topic!
Why It Matters to Understand the Costs of Selling Your Calgary Home
When you know what to expect, you can plan better, price your home more strategically, and avoid last minute surprises. Whether you’re upgrading, downsizing, or relocating, understanding the real costs can help you maximize your net proceeds.
Key Costs Involved in Selling a Home in Calgary
Here are the most common and important costs you should expect when selling a home in Calgary:
1. Real Estate Commission Fees
This is typically the largest expense. In Calgary, commission is often 7% on the first $100,000 and 3% on the remaining balance, but rates are negotiable. The total commission is usually split between the listing agent (like Ryan Gillard) and the buyer’s agent.
Example: For a $500,000 home, the estimated commission would be $19,000.
2. Legal Fees
When selling a property, you’ll need a real estate lawyer to handle the closing paperwork, discharge your mortgage, and ensure funds are transferred correctly.
- Average Legal Fees in Calgary: $1,500 to $2,000
3. Mortgage Discharge Fees
If you’re paying off your mortgage early, your lender may charge a discharge fee and potentially a prepayment penalty.
- Discharge fees: Around $200 to $400
- Prepayment penalties: Vary based on your mortgage terms. Check with your lender.
Tip: Always consult with your mortgage provider to understand your obligations and penalties.
Click here for a referral to a mortgage broker.
4. Home Preparation and Repairs
To attract top dollar, many Calgary homeowners invest in light renovations or cosmetic upgrades before selling.
- Painting, landscaping, small repairs, and staging are common.
- Budget: $500 to $5,000 depending on scope
5. Home Staging and Photography
Professional staging and photography can significantly improve your home’s marketability and help it stand out in Calgary’s competitive real estate market.
- Photography: $200–$400 (usually paid for by the listing agent)
- Staging: $500–$2,500
Ryan Gillard often works with trusted local professionals to ensure his listings look their best online and in person.
6. Real Property Report (RPR) and Compliance Certificate
In Calgary, sellers are usually required to provide a current RPR with compliance.
- Cost: $500–$1,000 if updates or new ones are needed
7. Utilities and Property Taxes
You’ll need to continue paying utilities, condo fees (if applicable), and property taxes until the property officially changes hands.
You may also need to reimburse the buyer if you’ve prepaid property taxes for a future period which your lawyer will help arrange.
8. Moving Costs
Don’t forget to account for the costs of moving your belongings.
- Local move: $500 to $2,000 depending on volume and distance
Additional Costs That May Apply
- Condo Document Fees: If you’re selling a condo in Calgary, you may need to purchase and provide documents like the condo bylaws, meeting minutes, and financials. Cost: $100–$500.
- Home Inspection Repairs: If issues arise during a buyer’s home inspection, you might need to negotiate repairs or a price reduction.
Ryan Gillard helps his clients prepare for this step by advising on potential red flags before listing.
Can You Reduce the Costs of Selling a Home in Calgary?
Some costs are fixed or standard, but there are ways to be strategic:
- DIY Staging: Decluttering and deep cleaning can go a long way without professional staging.
- Painting: Painting can be cheap and go a long way to making your home present better.
- Price Smart: A properly priced home often sells faster, saving you on holding costs. Homes that sell quicker tend to sell for more money as well.
A skilled Calgary Realtor like Ryan Gillard will help you evaluate which upgrades are worth the investment and ensure you’re not overspending unnecessarily.
How Much Will You Net From the Sale?
Your net proceeds are what you walk away with after all costs are deducted. Here’s a simplified calculation:
Final Sale Price
– Real Estate Commission
– Legal Fees
– Mortgage Discharge & Penalties
– Staging & Prep Costs
– Any other applicable costs
= Net Proceeds
Ryan Gillard can help you estimate your net proceeds in advance so you have a clear picture before listing your home.
Click here to send me a message about your home selling plans.
Why Work With Ryan Gillard, Calgary Real Estate Agent?
Selling your home is one of the largest financial decisions you’ll make. Working with an experienced Calgary real estate agent like Ryan Gillard ensures you’re fully informed, expertly guided, and supported at every step.
- Local Expertise: Ryan understands the Calgary market inside and out.
- Transparent Communication: He’ll break down costs upfront so there are no surprises.
- Full Service Support: From staging and pricing to negotiating and closing, Ryan has you covered.
Final Thoughts: Know Before You Sell
Selling a home in Calgary isn’t just about setting a price and putting up a sign. There are several behind the scenes costs that can affect your bottom line. But with the right strategy and the right Realtor, you can navigate the process with confidence.
If you’re planning to sell your home in Calgary, reach out to Ryan Gillard today for a no obligation consultation and personalized home evaluation.
Thinking of Buying or Selling?
Whether you’re buying your first home, upsizing, downsizing, or relocating to Calgary, the right strategy makes all the difference.
✅ Search Calgary Homes Now
✅ Get a Free Home Evaluation
✅ Use the Mortgage Calculator to estimate your monthly payments
✅ Download the Buyer’s Guide — everything you need to know before buying
✅ Download the Seller’s Guide — pricing, prepping, and marketing tips
✅ Access the Relocation Guide — a must read if you’re moving to Calgary
Have a question? Let’s chat.
📞 Call/Text Ryan Gillard at 403-471-4212
📧 Or click here to send a message