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The Selling a Home Centre

Everything between deciding to sell an Ontario home and the money reaching your account: preparing, pricing, offers, the buyer's conditions, closing and tax, plus the situations that change the rules: tenants, estates and separation.

Where are you right now?
Title, spousal consent, your mortgage payout and the paperwork to gather before anyone sees the house

Everything between deciding to sell an Ontario home and the money reaching your account: preparing, pricing, offers, the buyer's conditions, closing and tax, plus the situations that change the rules: tenants, estates and separation. Six stages carry you through it — decide & prepare, price & list, offers, buyer's conditions, closing & payout and after — each explaining what happens, who is responsible, and what Ontario law requires. Calculators, a glossary and guides to download sit alongside the stages, and every one ends with our flat, published fee and a way to start a file online.

Tools

Calculators, checklists that build themselves, and timelines you can drop a date into.

QuizAm I ready to list?

Six questions on title, the mortgage, tenants, permits, timing and paperwork. The result tells you what to sort before the listing goes live. It is a starting point, not a substitute for a lawyer reviewing your situation.

CalculatorPrepayment penalty estimator

Use this when you are thinking about breaking or paying off a mortgage early, to estimate three months' interest versus the interest rate differential.

CalculatorNet proceeds calculator

Use this before a sale closes, to estimate what lands in your account after the payout, commission and closing costs.

LiveClosing cost calculator

Legal fees, disbursements, adjustments and land transfer tax.

Checklist builderWhat do I have to disclose to a buyer?

Answer six questions about the home and get a disclosure list sorted into what the law requires, what protects the deal, and what you may keep to yourself. It is a starting point, not legal advice on what to disclose.

TimelineWhen does each step of my sale happen?

Enter the closing date of your sale to see when the offer, the conditions, the signing and the money fall, and how a same-day or staggered purchase fits around it. Treat the dates as typical, not fixed.

LiveLand transfer tax calculator

Ontario and Toronto, with the first-time buyer refund.

LivePrincipal residence exemption

How much of a gain the exemption shelters.

LiveEstate administration tax

The tax paid when applying for probate.

LiveExecutor compensation

The customary tariff, explained.

CalculatorEstate timeline estimator

Use this after a death, to see typical dates from the date of death through to distribution of an Ontario estate.

LiveEqualization calculator

Net family property, step by step.

CalculatorMortgage payment calculator

Use this to see a monthly, bi-weekly or accelerated payment for a given rate and amortization, with Canadian semi-annual compounding.

Who you'll deal with

And what each one is actually responsible for.

Real estate agent and brokerage

Markets the home, advises on price, presents every offer and holds the deposit in trust. Owes you honesty and disclosure of material facts under TRESA.

Regulated by Real Estate Council of Ontario (RECO)
Your lawyer

Reviews the agreement, answers title requisitions, obtains the mortgage payout, prepares the closing documents, registers the transfer and pays out your proceeds.

Regulated by Law Society of Ontario
Buyer's lawyer

Searches title, sends requisitions, receives the buyer's funds and mortgage advance and pays the purchase price to your lawyer on closing day.

Regulated by Law Society of Ontario
Your lender

Issues the payout statement, collects the balance owing with any prepayment charge, and registers the discharge of the mortgage once it has been paid.

Regulated by FCAC and OSFI for banks; FSRA for credit unions and mortgage brokers
Home inspector

Hired by the buyer to examine what can be seen and reached. Ontario does not licence home inspectors; the report is the buyer's, not yours.

Regulated by Not licensed in Ontario
Appraiser

Values the home for the buyer's lender, or for you before listing. A low appraisal can shrink the buyer's financing and put the deal at risk.

Regulated by Professional designation (AACI or CRA)
Accountant

Confirms whether the principal residence exemption covers the whole gain, reports the sale on your return and handles flipping-rule or non-resident filings.

Regulated by CPA Ontario
Land registry office

Ontario's electronic land registration system, where your lawyer registers the transfer to the buyer and your lender registers the discharge of its mortgage.

Regulated by ServiceOntario, operated with Teranet
Landlord and Tenant Board

Decides applications to evict after an N12 notice and claims that a notice was given in bad faith. A tenant's departure is not final until the Board orders it.

Regulated by Tribunals Ontario

Words worth knowing

A few from the full glossary.

Agreement of purchase and sale

The written contract between you and the buyer. Ontario's Statute of Frauds requires a sale of land to be in writing and signed to be enforceable.

Irrevocable period

The time an offer stays open for acceptance. Once it passes, the offer is dead and cannot be accepted, only re-made.

Firm offer

An offer with no conditions, or one whose conditions have all been waived. Once accepted, neither side can walk away without being in breach.

Conditional offer

An offer the buyer can withdraw from if a stated condition, such as financing or inspection, is not satisfied or waived by its deadline.

Deposit

Money the buyer pays after acceptance as a show of good faith, held in the listing brokerage's trust account and credited to the price on closing.

Caveat emptor

Buyer beware: the starting rule in Ontario that a buyer takes the property as found, subject to the seller's duty not to hide dangerous latent defects or misrepresent.

Ready when you are.

Start a file online in about seven minutes, or ask a lawyer first. Flat, published fees.

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