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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 Brookswood Estates, from $2,339,900Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$635,172
Deposits plus everything due on completion day
Monthly carry
$10,618
Deposits
$350,985
Cash to close
Deposits paid during construction15% across construction$350,985
Balance of down payment$116,995
GST at 5%$116,995
Property transfer tax$48,197
Legal and closing$2,000
Total cash required$635,172
Every month
Mortgage payment4.29% over 25 years$10,143
Strata fee$330
Property tax$145
Monthly cost$10,618
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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