Calgary Home-Selling Costs and Net Proceeds

Start with the mortgage payout

Ask the lender for a current payout statement and whether a prepayment penalty, discharge fee or portable-mortgage option applies. A dashboard balance may not include every closing amount. If the move date changes, refresh the statement.

Add transaction and preparation costs

Use written estimates where possible and keep a contingency rather than treating a rough percentage as final.

• Real estate service fees and applicable tax, based on the signed agreement.
• Real estate lawyer fees, disbursements and title-related work.
• Mortgage penalty, discharge and registration-related amounts.
• Cleaning, repairs, staging, moving, storage and vacant-home carrying costs.
• Condominium documents or corporation fees where applicable.

Understand property-tax adjustments

Property taxes are commonly adjusted between buyer and seller according to the closing date and what has already been paid. The City calculator can help estimate the annual tax context, but the lawyer’s statement of adjustments controls the transaction amount.

Utilities, condominium fees, tenant deposits or other items may also need contractual adjustments depending on the property.

Use low, expected and high scenarios

Build three sale-price outcomes and subtract the same verified cost categories. Then test timing overlap: what happens if the current home closes after the next purchase, or if temporary accommodation is needed? A conservative sheet prevents the next-home budget from depending on the best-case sale.