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No, this is a common misconception because the fee is built-in to the transaction.
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Is it really “free” to use a realtor when buying a home? This amount would be split between the buyer’s and seller’s agents.Ī home in a pricier location such as Vancouver or Toronto, which may sell for $1 million or more, would have total commission fees starting at $30,000 to $70,000. So, for example, commissions on a home that sells for about $500,000 - the average price in Canada - would total $15,000 to $35,000. How much are commission rates for real estate agents in Canada?Ĭommissions paid to real estate agents in Canada typically range between 3% to 7% of the final purchase price, depending on region and the agent used.
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