Right-Sizing Your Next Move

Know Your Numbers Before You Make the Move.

Right-sizing is one move with two financial sides. What you actually net from the home you're leaving helps determine what you can comfortably buy next.

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One Move. Two Transactions.

Your Home Value Is Not the Same as Your Buying Power.

The number that matters is not simply what your current home may sell for. It is what remains after mortgages, commissions, taxes, legal costs and the other moving pieces are accounted for.

1. What Will You Net?

Start with your estimated sale price, then subtract debt and the real costs of selling.

2. What Will the Next Home Cost?

Add land transfer tax, legal expenses, moving costs and other purchase-side expenses to the price.

3. What Is the Gap?

Once both sides are visible, you can estimate your down payment, mortgage requirement and cash shortfall or surplus.

The Right-Sizer Numbers Calculator

Sell. Buy. See the Whole Move.

Enter what you know. The calculator carries your estimated net proceeds from the sale into the next purchase automatically.

Knowledge Is Power. Preparation Is Profit.

Build the Move From the Numbers Up.

All estimates are editable. Start with the defaults, then replace them with your actual lender, lawyer and moving quotes as you get them.

1

What Will You Net?

Estimate the amount available from the home you are selling after debt and selling costs.

Your Current Home
$
Mortgage + Secured Debt
$
$
Planning allowance. FCAC notes lender discharge fees can range from $0 to $400.
$
Enter the payout penalty quoted by your lender.
$
$
$
Selling Costs
%
Starts at 5% for planning only. Commission is negotiable. HST is calculated separately at 13%.
Estimated commission$0
HST on commission (13%)$0
$
Editable planning allowance; actual quotes vary.
$
$
$
$
2

What Will the Next Move Require?

Your estimated net proceeds are carried over automatically. Then we add the costs of buying the next home.

Your Next Home
$
Toronto purchases generally pay both Ontario LTT and Toronto Municipal LTT.
$
Optional. Right-sizing does not always mean putting every dollar of equity into the next home.
Land Transfer Tax
Ontario Land Transfer Tax$0
Toronto Municipal Land Transfer Tax$0
Toronto MLTT administration fee + HST$0
No first-time homebuyer rebates or non-resident taxes are assumed.
Other Purchase Costs
$
$
$
$
$
$
$
$
Offer Deposit Planning
%
There is no universal legislated minimum offer deposit in Ontario. The deposit is negotiated and forms part of your down payment.
Planning deposit amount$0
Minimum down payment required$0
Estimated Net From Your Sale$0
Estimated Purchase Closing Costs$0
Cash Available Toward Next Home$0
Estimated Mortgage Required$0

Sale Side

Estimated sale price$0
Mortgage / secured debt payouts$0
Commission + HST$0
Other selling costs$0
Estimated net proceeds$0

Purchase Side

Purchase price$0
Land transfer tax$0
Other purchase costs$0
Mortgage insurance premium added to mortgage$0
Ontario tax on mortgage insurance premium$0
Minimum cash needed to buy$0
Enter a sale price and purchase price to see the complete picture.
Review My Numbers With DREG
Keep the Numbers

Email Me My Right-Sizer Summary.

Send yourself a copy of the planning snapshot you just created. DREG will receive the same numbers so, if you want to talk them through, we can start with the information already in front of you.

Estimated net from sale $0
Estimated purchase costs $0
Estimated down payment $0
Estimated mortgage required $0

Your requested calculator email is separate from marketing. You will only be added to real estate updates if you choose the optional checkbox.

Send My Results

Planning estimates only. Your information is used to send the requested summary and respond to your inquiry.

What Belongs in the Number?

The Costs People Forget Are Usually the Ones That Change the Plan.

Some costs are formula-based. Others depend on your lender, lawyer, property and moving plan. That is why every planning allowance in the calculator can be changed.

When You Sell

Realtor commission5% + 13% HST default
Mortgage discharge fee$400 planning default
Mortgage prepayment penaltyLender-specific
Legal fees + disbursements$2,000 planning allowance
Repairs / preparation / stagingEnter your plan
Property tax / utility adjustmentsLawyer confirms
Bridge financing / carrying costsIf applicable

When You Buy

Ontario Land Transfer TaxCalculated automatically
Toronto Municipal LTTCalculated if applicable
Buyer legal + disbursements$2,000 planning allowance
Title insurance$800 planning allowance
Home inspection$600 planning allowance
Appraisal$500 planning allowance
Moving + storage$2,500 planning allowance
Mortgage insuranceEstimated automatically if needed
Deposit vs. Down Payment

They Are Related. They Are Not the Same Thing.

Your offer deposit is money delivered as part of the agreement to purchase. Your down payment is the total amount of your own money going into the purchase at closing.

The deposit is credited toward the down payment. Ontario does not have one universal statutory minimum offer deposit, so the amount should be planned around the property, market and offer strategy.

The Number to Protect

Do Not Confuse “I Can Buy It” With “It Fits the Plan.”

A mortgage approval is one number. Your comfort level, retirement income, monthly carrying costs, emergency reserve and lifestyle goals are different numbers.

The right home has to work financially after closing too.

Planning Tool — Not a Closing Statement

Use This to Start the Conversation. Then Verify the Numbers.

This calculator is for general Ontario planning and illustration only. It is not a mortgage approval, appraisal, legal opinion, tax opinion or statement of adjustments. Actual commissions, mortgage penalties, legal fees, insurance premiums, taxes, rebates, adjustments and closing costs can differ.

The calculator uses current Ontario Land Transfer Tax rates, Toronto Municipal Land Transfer Tax rates effective April 1, 2026, federal minimum down-payment rules, and standard CMHC homeowner mortgage-insurance premium bands. It assumes an owner-occupied residential purchase and does not calculate first-time buyer rebates, non-resident taxes or special exemptions.

One Move. Two Transactions.

Know the Numbers Before You Choose the Next Home.

We can model both sides of your move before anything is listed, so you understand what is possible before you have to make a decision.