On the seller's side, commission is the biggest cost and is negotiated directly with the listing agent rather than fixed by any board. Beyond that, a seller pays legal fees, typically $800 to $1,500, and any mortgage discharge penalty or fee owed to their lender.
On the buyer's side, closing costs run higher relative to the purchase because of items like CMHC, Sagen or Canada Guaranty mortgage insurance if the down payment is under 20 percent, with Saskatchewan charging PST on that insurance premium at closing, on top of their own legal fees and a home inspection typically running $400 to $600.
Your lawyer's statement of adjustments before closing breaks down exactly what each side owes so nothing is a surprise on possession day. Get your hand-reviewed valuation from Joel Dyck.