Question 1

What are the costs of selling a house in Quebec?

Accepted Answer

The main selling costs include: broker commission (4% to 5%), notary fees ($1,000 to $2,000), certificate of location (if required, $1,500 to $2,000), mortgage penalty (if applicable), and capital gains tax (if not your primary residence).

Question 2

How much is the real estate broker commission?

Accepted Answer

In Quebec, the commission is typically between 4% and 5% of the sale price, split between the listing and buying broker. For example, on a $500,000 sale, the commission would be approximately $20,000 to $25,000 plus taxes.

Question 3

How to calculate capital gains tax on a property sale?

Accepted Answer

Capital gain is the difference between the sale price and purchase price (adjusted for eligible expenses). In Quebec in 2026, 50% of the gain is taxable for the first $250,000 and 66.7% beyond that. Your primary residence is exempt from capital gains tax.

Question 4

What is a mortgage penalty?

Accepted Answer

If you sell before your mortgage term ends, you may pay a penalty. For variable rates, it is typically 3 months of interest. For fixed rates, it is the higher of 3 months interest or the interest rate differential. The amount can range from a few hundred to several thousand dollars.

Question 5

What will be my net proceeds after selling?

Accepted Answer

Net proceeds equal the sale price minus all costs: broker commission, mortgage balance, mortgage penalty, notary fees, and capital gains tax if applicable. Use our free calculator to estimate your exact net proceeds.

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