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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 EIGHT in Edgemont Village, from $2,475,000Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$673,000
Deposits plus everything due on completion day
Monthly carry
$11,204
Deposits
$371,250
Cash to close
Deposits paid during construction15% across construction$371,250
Balance of down payment$123,750
GST at 5%$123,750
Property transfer tax$52,250
Legal and closing$2,000
Total cash required$673,000
Every month
Mortgage payment4.29% over 25 years$10,729
Strata fee$330
Property tax$145
Monthly cost$11,204
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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