Seller Tools
Break-Even Selling Calculator Canada — Minimum Sale Price
Find the minimum price you need to sell your Canadian home for to cover your mortgage, selling costs, and renovations without a loss. Free break-even calculator.
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Frequently Asked Questions
How do I know if selling my home is worth it financially?+
To determine if selling is worth it, calculate your net proceeds: sale price minus your mortgage balance, realtor commissions, HST on commissions, legal fees, and any mortgage penalty. If proceeds cover these costs and return your original equity, selling makes financial sense. Use this calculator to find your exact break-even price.
What selling costs should I include in my break-even calculation?+
Include realtor commissions (typically 3.5–5% plus HST), legal fees ($800–$1,500), mortgage prepayment penalty (if applicable), any repairs or staging costs, and moving expenses. These costs typically total 4–7% of the sale price.
Do I have to pay capital gains tax when I sell my home in Canada?+
If the home is your principal residence, the sale is generally exempt from capital gains tax under the Principal Residence Exemption. If you've rented the property or it is not your primary home, a portion of the gain may be taxable. Consult a tax professional for your specific situation.