2024 British Columbia Real Estate Commission Calculator

Real estate commissions around British Columbia

The typical commission rate is 7-8% for the first $100K and 2-3% on the remaining sales price. This commission is tyipcally split with 55% to the seller's agent and 45% to the buyer's agent.

Real estate agent commission in Northern BC

based on the typical real estate commission in Northern BC the real estate commission on the average prices home of $427,537 can range from $13,551 on the low end to $17,826 on the high end. Here is a breakdown of the average real estate commissions in Northern BC:

With the $427,537 average home price in BC northern the low average real estate commission is $13,551. This is based on a real estate commission of 7% on the first $100,000 and 2% on the remaining sales price. On the high end the average real estate commission would be $17,826 with 8% on the first $100,000 and 3% on the remaining sales price.

Based on the 45/55 commission split the buyers agent would receive $6,097 and the sellers agent would receive $7,452 for a total of $13,551 to be paid out on the low end. The high end would result in a buyers agent commission of $8021 and sellers agent commission of $9804.

Real estate commission in Chilliwack

based on the typical real estate commission in Northern BC the real estate commission on the average prices home of $720,000 can range from $19,400 on the low end to $26,600 on the high end. Here is a breakdown of the average real estate commissions in Northern BC:

With the $720,000 average home price in BC northern the low average real estate commission is $19,400. This is based on a real estate commission of 7% on the first $100,000 and 2% on the remaining sales price. On the high end the average real estate commission would be $26,600 with 8% on the first $100,000 and 3% on the remaining sales price.

Based on the 45/55 commission split the buyers agent would receive $8,730 and the sellers agent would receive $8,0 for a total of $19,400 to be paid out on the low end. The high end would result in a buyers agent commission of $11,970 and sellers agent commission of $14,630.

Fraser Valley real estate commission

based on the typical real estate commission in Northern BC the real estate commission on the average prices home of $971,700 can range from $24,434 on the low end to $34,151 on the high end. Here is a breakdown of the average real estate commissions in Northern BC:

With the $971,700 average home price in BC northern the low average real estate commission is $24,434. This is based on a real estate commission of 7% on the first $100,000 and 2% on the remaining sales price. On the high end the average real estate commission would be $34,151 with 8% on the first $100,000 and 3% on the remaining sales price.

Based on the 45/55 commission split the buyers agent would receive $10,995 and the sellers agent would receive $13,439 for a total of $24,434 to be paid out on the low end. The high end would result in a buyers agent commission of $15,368 and sellers agent commission of $18,783.

Commission in interior BC

based on the typical real estate commission in Northern BC the real estate commission on the average prices home of $647,000 can range from $17,940 on the low end to $24,410 on the high end. Here is a breakdown of the average real estate commissions in Northern BC:

With the $647,000 average home price in BC northern the low average real estate commission is $17,940. This is based on a real estate commission of 7% on the first $100,000 and 2% on the remaining sales price. On the high end the average real estate commission would be $24,410 with 8% on the first $100,000 and 3% on the remaining sales price.

Based on the 45/55 commission split the buyers agent would receive $8,073 and the sellers agent would receive $9,867 for a total of $17,940 to be paid out on the low end. The high end would result in a buyers agent commission of $10,985 and sellers agent commission of $13,426.

Powell River real estate commission

based on the typical real estate commission in Northern BC the real estate commission on the average prices home of $543,041 can range from $15,861 on the low end to $21,291 on the high end. Here is a breakdown of the average real estate commissions in Northern BC:

With the $543,041 average home price in BC northern the low average real estate commission is $15,861. This is based on a real estate commission of 7% on the first $100,000 and 2% on the remaining sales price. On the high end the average real estate commission would be $21,291 with 8% on the first $100,000 and 3% on the remaining sales price.

Based on the 45/55 commission split the buyers agent would receive $7,137 and the sellers agent would receive $8,723 for a total of $15,861 to be paid out on the low end. The high end would result in a buyers agent commission of $9,581 and sellers agent commission of $11,710.

Greater Vancouver real estate agent commission

based on the typical real estate commission in Northern BC the real estate commission on the average prices home of $1,172,200 can range from $28,444 on the low end to $40,166 on the high end. Here is a breakdown of the average real estate commissions in Northern BC:

With the $1,172,200 average home price in BC northern the low average real estate commission is $28,444. This is based on a real estate commission of 7% on the first $100,000 and 2% on the remaining sales price. On the high end the average real estate commission would be $40,166 with 8% on the first $100,000 and 3% on the remaining sales price.

Based on the 45/55 commission split the buyers agent would receive $12,800 and the sellers agent would receive $15,644 for a total of $28,444 to be paid out on the low end. The high end would result in a buyers agent commission of $18,075 and sellers agent commission of $22,091.

Vancouver island real estate commission

based on the typical real estate commission in Northern BC the real estate commission on the average prices home of $690,800 can range from $18,816 on the low end to $25,724 on the high end. Here is a breakdown of the average real estate commissions in Northern BC:

With the $690,800 average home price in BC northern the low average real estate commission is $18,816. This is based on a real estate commission of 7% on the first $100,000 and 2% on the remaining sales price. On the high end the average real estate commission would be $25,724 with 8% on the first $100,000 and 3% on the remaining sales price.

Based on the 45/55 commission split the buyers agent would receive $8,467 and the sellers agent would receive $10,349 for a total of $18,816 to be paid out on the low end. The high end would result in a buyers agent commission of $11,576 and sellers agent commission of $14,148.

Victoria British Columbia real estate commission

based on the typical real estate commission in Northern BC the real estate commission on the average prices home of $871,700 can range from $22,434 on the low end to $31,151 on the high end. Here is a breakdown of the average real estate commissions in Northern BC:

With the $871,700 average home price in BC northern the low average real estate commission is $22,434. This is based on a real estate commission of 7% on the first $100,000 and 2% on the remaining sales price. On the high end the average real estate commission would be $31,151 with 8% on the first $100,000 and 3% on the remaining sales price.

Based on the 45/55 commission split the buyers agent would receive $10,095 and the sellers agent would receive $12,339 for a total of $22,434 to be paid out on the low end. The high end would result in a buyers agent commission of $14,018 and sellers agent commission of $17,133.

British Columbia Real estate commission calculator

This real estate commission calculator helps calculate the commission paid to both the seller's and buyer's agent on the purchase of a home in British Columbia.

What percentage do most realtors charge in British Columbia?

The typical real estate commission in BC is 7% for the first $100K and 2.5% for the remaining balance. The full commission is usually paid by the seller. It is also important to note that commission rates are negotiable.

This graduated system in British Columbia makes the overall real estate commission paid in British Columbia to be low compared to that of other provinces around Canada.

How much does a realtor make on a $500,000 sale?

The average realtor commission in Canada is 5% which would equate to $25,000 of commission to be paid on the sale of a $500,000 home. In British Columbia this sale would likely result in a commission of $19,040 which is lower than the average realtor commission in Canada.

FAQ's

Are real estate commisions high in British Columbai?

The real estate commissions in British Columbia are low compared to other provinces. This is in large part due to the graduated commission system which provides an overall low marginal commission rate. While the commission's on a home are high for the first $100,000 they decrease beyond this amount.

What is the typical split in commission between the buyer and the seller?

In British Columbia the buyer's agent generally has a lower split in commission. Typically the buyer's agent has a 45% commission split compared to the sellers agent with 55% of the commission.

How much are real estate commission on a $500,000 home?

In BC the seller can expect to by around $19,040 for the purchase of a $500,000 home. This amount includes $7,775 for the buyer agent commission, $9,225 for the selling agent commission and $2,040 for the 5% GST + 7% PST.