The majority of sellers are unclear of how much commission they will have to pay and how much tax (GST/HST) would be payable on the real estate commission charge after the property sells. So we created a Vancouver Real Estate Commission Calculator to clear up any confusion.
The Vancouver Real Estate Commission Calculator Assumptions: 7% fee charged to the first $100,000 of purchase price, remaining balance charged fee of 2.5%, GST charged 5%. Buyers agent receives 3.125% on the first $100,000 and 1.1625% on the balance. All results are calculated based on the input variables provided by the user, and assumptions that are believed to be reasonable.
For homes in Vancouver, we charge a real estate commission of 7% on the first $100,000 and 2.5 % on the remainder of the transaction price.
A buyers agent who delivers the seller an offer receives about half (3.125% on the the FIRST $100,000 and 1.1625% on the remainder).
According to Canada’s Competition Act, there we as Realtors are not supposed to say there is a standard real estate commission.
When purchasing Real Estate in Vancouver, the calculator amount of the commission is always paid out by the seller’s brokerage, meaning that as a buyer your cost remains to be the purchase price, with no money paid by you directly to your agent.
Having the ability to put a low downpayment on a presale in the Lower Mainland allows you to enter the market with a newly constructed home at a fraction of the cost before closing. This locks in your price and in the event that prices increase that helps you grow your equity.
The traditional mortgage process is confusing and stressful. We’re changing that by providing curated client services, allowing you to receive the best solution for your situation.
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