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What a BC presale actually costs you
Deposits, GST, property transfer tax and the monthly carry, using the current BC and federal rules, including the first-time-buyer GST rebate.
Based on 1818 Alberni, from $2,300,500Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$624,140
Deposits plus everything due on completion day
Monthly carry
$10,447
Deposits
$345,075
Cash to close
Deposits paid during construction15% across construction$345,075
Balance of down payment$115,025
GST at 5%$115,025
Property transfer tax$47,015
Legal and closing$2,000
Total cash required$624,140
Every month
Mortgage payment4.29% over 25 years$9,972
Strata fee$330
Property tax$145
Monthly cost$10,447
Estimates only. Rates, fees and taxes change, and eligibility depends on your situation. This is not financial or tax advice. Confirm with your mortgage broker, lawyer and accountant before committing.
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