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THE AVERAGE REAL ESTATE COMMISSION RATE IN ONTARIO

As of 2024, the real estate market in Ontario, Canada continues to thrive and evolve, despite all the obvious challenges that came with the recent global pandemic. This remarkably resilient and adaptable real estate market continues to punch above its weight, and with it, real estate commission rates hold steady as ever.

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Toronto Skyline in daylight

UNDERSTANDING REAL ESTATE COMMISSION RATES IN 2O24

Commissions are the lifeblood of the real estate industry, and both brokers and agents work hard to earn them on each and every property that is sold and purchased. Typically, commission rates in the Toronto area tend to hold stable, with minor fluctuations in the percentage amount that are dependent on a number of different factors.

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HOW DOES REAL ESTATE COMMISSION ACTUALLY WORK?

If you’re new to the real estate business, and just getting your bearings, you might be wondering how exactly the process of commissions works. From the outside, it seems like a pretty simple affair, but there’s more to it than you might think.

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UNDERSTANDING STANDARD REAL ESTATE COMMISSION RATES IN ONTARIO

Commission fees are a routine part of the real estate buying and selling process, since both agents and brokers are regularly involved in each deal. There’s a lot of legwork and due diligence on the part of the real estate agent to help buyers and sellers through each transaction, and commission rates are designed to reward them for a job well done.

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