Selling costs typically run 4 to 6 percent of the sale price, covering commission, legal fees and adjustments together, so that comes off before you ever compare the sale proceeds to a next home's price tag.
The size of the number depends entirely on the gap between what you sell for and what you spend next: a move to a much smaller condo frees up far more cash than a lateral move to a similarly priced home in a different neighbourhood.
Joel Dyck lays out both sides of that math with a hand-reviewed valuation of your current home before you commit to a next step. Get your hand-reviewed valuation from Joel Dyck.