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What you actually net when you sell.
List price is the headline. This is the number that hits your account, line by line, for a Calgary sale.
How a Calgary sale settles
When you sell, your lawyer collects the sale price from the buyer and pays out, in order: the real estate commission plus 5% GST, your remaining mortgage balance and any prepayment penalty, the legal fees plus GST, and the small Alberta land-title discharge. Alberta has no land transfer tax on either side, which keeps Calgary selling costs lower than Ontario or BC. Whatever is left after those line items is wired to you as your net proceeds.
Frequently asked questions
How much is commission to sell in Calgary?
Traditionally 7% on the first $100,000 + 3% on the balance, split between the listing and buyer brokerages, plus 5% GST. It is negotiable. Enter a flat % to model your own rate.
Will I owe a mortgage penalty?
Fixed-rate mortgages can charge the greater of three months' interest or an interest-rate differential; variable usually charges three months' interest. Ask your lender and enter the figure.
Does Alberta charge land transfer tax when I sell?
No. Alberta has no land transfer tax. There is only a small land-title discharge fee, paid through your lawyer.
Educational estimate. Commission is negotiable; mortgage penalties and condo costs vary. Confirm final figures with your real estate lawyer and lender before closing.
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