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#370131 03/10/10 05:36 PM
Joined: Dec 2009
Posts: 32
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arusha1 Offline OP
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Hi I was researching costs in selling a condo on AC it is seven years old. Is there a govt. tax to the seller on a seven year old condo (someone told me 10%) and what can someone expect to pay in real estate commisions or any other cost to the seller?
Thanks for your help

Joined: May 2005
Posts: 210
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arusha1
We just sold our condo earlier this year which we had had for 5 years. "Typical" real estate commission is about 8% and you have to pay 10% GST on the real estate commission. No other costs to the seller.

Plenty of realtors on the board who will no doubt correct me if I missed something out!!


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