What expenses and closing costs should I expect when selling my home in Ontario?

Calculating your estimated net proceeds requires factoring several distinct legal and administrative expenses beyond the real estate commission. Standard closing costs for an Ontario home seller include:

Legal Fees: Typically around $1,000.00 for a real estate lawyer to manage title transfers and legal details.
Legal Disbursements: Costs covering travel, couriers, and registration documents, often ranging up to $500.00.
Mortgage Discharge Fees: Lender administrative costs to clear the existing charge from the property title, generally running between $100 to $250.
Daily Interest Adjustments (Per Diem): Pro-rated interest calculated from your last regular mortgage payment date up to the exact afternoon of your closing day.
Tax & Utility Adjustments: Pro-rated credits or charges managed by your lawyer to reconcile prepaid or outstanding property taxes.

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