What it costs to sell a condo in North Vancouver
Rates checked 5 October 2026 · next review January 2027Sellers in BC do not pay property transfer tax; the buyer does. Selling a condo in North Vancouver, your costs are your REALTOR®’s commission plus GST, your lawyer or notary, any penalty for paying off your mortgage early, your share of the year’s property tax, and the strata’s Form B and Form F. If you sell within two years of buying, the BC home flipping tax may also apply.
Taxes, fees and rules change. Everything below is subject to change. Confirm your own numbers with your lawyer or notary, your lender and your accountant before you list.
| City of North Vancouver, property tax | 604-983-7316 · tax@cnv.org |
| District of North Vancouver, property tax | 604-990-2311 · propertytax@dnv.org |
| Canada Revenue Agency, individual tax | 1-800-959-8281 |
| Province of BC, home flipping tax | 250-387-3332 · 1-877-387-3332 · ITBTaxQuestions@gov.bc.ca |
| Province of BC, speculation and vacancy tax | 1-833-554-2323 |
| BC Financial Services Authority | 604-660-3555 · 1-866-206-3030 |
- Commission is negotiable and set out in your listing contract. Before you sign, you receive a Disclosure to Seller of Expected Remuneration. 5% GST applies to it; BC PST does not apply to residential real estate services.
- Mortgage penalty: breaking a mortgage early usually costs the higher of three months’ interest or the interest rate differential, and lenders may add discharge and administration fees.
- Property transfer tax is paid by the buyer, not you.
- Your home’s sale must be reported on your tax return, even when the principal residence exemption means no tax is owed.
Line by line
| Cost | Who pays | When | What to know |
|---|---|---|---|
| REALTOR® commission | Seller | On completion | Negotiable; written in the listing contract. 5% GST is added. |
| Lawyer or notary | Seller | On completion | Get a written quote. They also make sure your mortgage is discharged. |
| Mortgage prepayment penalty | Seller | On completion | Ask your lender for the figure in writing. Usually the higher of 3 months’ interest or the interest rate differential. |
| Mortgage discharge and admin fees | Seller | On completion | Set by your lender. Ask when you request the payout figure. |
| Property tax | Shared with the buyer | On completion | In both the City and the District of North Vancouver, 2026 tax was due 2 July. Your lawyer or notary shows the year’s tax on the statement of adjustments. |
| Utilities | Usually in the strata fee | Monthly | Ask the strata whether water, sewer and garbage are in the fee or billed to you. |
| Strata fees and special levies | Seller, to the completion date | Monthly, and when a levy is due | If a special levy was approved before you sell, you pay the instalments due before completion and the buyer pays the rest. |
| Strata documents, if a condo or townhouse | Seller, usually | Before listing | Form B costs at most $35 plus 25 cents a page for copies; Form F at most $15. Each is due within 7 days of a request. |
| Moving, cleaning, staging | Seller | Before completion | Your choice; get quotes. |
Taxes to check before you list
Principal residence
Report the sale on Schedule 3 and Form T2091(IND). If you designate late, CRA can charge the lesser of $8,000 or $100 for each full month.
BC home flipping tax
Since 1 January 2025: 20% of the net taxable income on a home sold within 365 days of buying, falling to nothing at 730 days. Up to $20,000 can be deducted if it was your home for at least 365 days.
Non-resident sellers
Tell CRA within 10 days of the sale on Form T2062. Without a certificate the buyer may hold back 25% of the price, or 50% on some property.
Speculation and vacancy tax
If you get a declaration letter, you must declare by 31 March every year, even if you are exempt.
These are general figures, not legal, tax or financial advice. Confirm property tax with the City of North Vancouver on 604-983-7316 or the District of North Vancouver on 604-990-2311, tax on your sale with CRA on 1-800-959-8281 or your accountant, and your payout figure with your lender before you list.
- Province of British Columbia, Buying and selling a home. Checked 5 October 2026.
- BC Financial Services Authority, Consumer guide to remuneration. Checked 5 October 2026.
- Canada Revenue Agency, GST/HST special cases. Checked 5 October 2026.
- Province of British Columbia, PST on non-residential real estate services. Checked 5 October 2026.
- Financial Consumer Agency of Canada, Mortgage prepayment penalties. Checked 5 October 2026.
- Financial Consumer Agency of Canada, Breaking your mortgage contract. Checked 5 October 2026.
- BC Financial Services Authority, Completing your sale. Checked 5 October 2026.
- City of North Vancouver, 2026 property tax information sheet. Checked 5 October 2026.
- District of North Vancouver, 2026 property tax newsletter. Checked 5 October 2026.
- Province of British Columbia, Special levies. Checked 5 October 2026.
- Province of British Columbia, Form B information certificate. Checked 5 October 2026.
- Province of British Columbia, Form F certificate of payment. Checked 5 October 2026.
- Canada Revenue Agency, Reporting the sale of your principal residence. Checked 5 October 2026.
- Province of British Columbia, BC home flipping tax. Checked 5 October 2026.
- Canada Revenue Agency, Disposing of certain Canadian property. Checked 5 October 2026.
- Province of British Columbia, Speculation and vacancy tax taxable areas. Checked 5 October 2026.