How much money will I free up by downsizing in Durham?
By Natalia Halenda, Sales Representative, RE/MAX Jazz Inc., Brokerage. Updated
The short answer
In this guide's example, selling a mortgage free $900,000 home and buying a $600,000 home frees about $234,546, after the commission and HST, two lawyers, the land transfer tax, an inspection and the move.
From the guide: Downsizing in Durham: how to sell the family home and move to something smaller
More questions from this guide
General information, not legal, tax or mortgage advice. Rates, prices and rebate rules change often. Confirm the details with your real estate lawyer and a licensed mortgage professional before you make a decision.