Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Do sellers pay closing costs in Saskatoon?

Yes, sellers in Saskatoon pay closing costs, though the total runs lower than in many other provinces because Saskatchewan charges no land transfer tax on the seller side. Expect seller closing costs of roughly 4 to 6 percent of the sale price, covering commission, legal fees and any property tax adjustments at closing.

That 4 to 6 percent is the total, not any single line item. Real estate commission is negotiable in Saskatchewan, and the Saskatchewan Real Estate Commission requires it to be agreed in writing rather than fixed by regulation, so it is usually the largest piece; legal fees typically run $800 to $1,500 depending on the transaction.

Property taxes are prorated at closing. If you have prepaid for the year you get a credit from the buyer, and if you have not paid yet the amount owing is deducted from your proceeds, all handled by your lawyer rather than a separate closing agent.

Joel Dyck gives every seller a net sheet before listing, so the number you see is what actually lands in your account, not the sale price alone. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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