Tools & Calculators
Seller Net Proceeds Calculator
A clear, honest read on what you'd actually walk away with after commission, legal fees, and your mortgage payout, anywhere in North or West Vancouver.
Calculate Your Net Proceeds
Enter an estimated sale price and your numbers, and see your estimated take-home instantly.
How This Works
Most sellers anchor on their sale price and forget how much actually comes off the top before that number becomes a deposit in their bank account. Commission, the GST charged on top of it, your legal or notary fee, and paying out whatever's left on your mortgage all happen automatically at closing, deducted before you ever see the funds.
This calculator runs those real deductions against your estimated sale price so you can see a realistic take-home number, not just the headline price. Adjust the commission rate to test different scenarios, since it's entirely negotiable in BC, and that's exactly the kind of conversation worth having directly rather than guessing at.
Frequently Asked Questions
Why does commission have GST added to it?
Real estate commission is treated as a service in Canada, so it's subject to GST like most professional services. That GST gets added on top of the commission itself and is deducted from your proceeds along with it.
Is the commission rate actually negotiable?
Yes, genuinely. There's no standard or fixed commission rate in BC, by law, it has to be negotiable. What's shown here as a default is a common starting range, not a fixed number. This is exactly the kind of thing worth discussing directly before you list.
What's missing from this calculator that could affect my actual number?
The biggest one is a mortgage discharge or prepayment penalty, if you're breaking your mortgage term early, your lender may charge a penalty that isn't reflected here, and it can be substantial. Property tax and strata fee adjustments (prorating what you've already paid for the year) also aren't included, since they depend on your specific completion date. Call your lender for the penalty figure before you list.
Should I pay off my mortgage before I sell, or let it come out of proceeds?
For most sellers, the mortgage balance is simply paid out from the sale proceeds at closing, there's no need to pay it off separately beforehand. The exception is if doing so would meaningfully reduce a prepayment penalty, which is worth checking with your lender directly if your numbers are close to a decision point.
Does this account for capital gains tax?
No. If the property being sold is your principal residence, it's typically exempt from capital gains tax in Canada. If it's a secondary property, rental, or investment property, capital gains may apply, and that's a conversation worth having with an accountant, since it depends on your full personal tax situation, not just the sale itself.
A Quick, No-Pressure Read on Your Numbers
If you want to talk through what this means for your specific home, including a realistic sale price and the actual commission structure that makes sense for your situation, send me a message. I'm happy to run the real numbers with you before you commit to anything.
Talk This Through With Matt