Three numbers for the move up: the cash your sale frees up, the cash your next home needs, and its full monthly cost — plus a side-by-side of selling versus keeping and leasing.
Realtor + legal + staging, typically 3–5%.
Call your lender — two minutes; ask for your balance and penalty.
Auto-estimated at 0.85% of price / year — edit to your city's rate.
Auto-estimated at $0.75 / sq ft / month — edit to the actual fee.
Net cash from sale
Cash needed to buy
Full monthly on the new home
Net cash from sale is your sale price minus selling costs, any mortgage penalty, and the balance you still owe. That's what actually comes to you at closing.
Cash needed to buy is your down payment (your net proceeds plus any added savings) plus Ontario land transfer tax, Toronto's municipal tax where it applies, first-time-buyer rebates, and legal costs.
Full monthly is the next home's mortgage plus property tax, condo fees, and typical GTA ranges for utilities, insurance and a maintenance reserve. If you enter a rent, the sell-vs-lease panel lines up selling against keeping the current home as a rental so you can see which path carries the lower monthly load.
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