Free, no sign up
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.
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$140,180
Deposits plus everything due on completion day
Monthly carry
$3,470
Deposits
$103,635
Tax relief saves you $46,363
Cash to close
Deposits paid during construction15% across construction$103,635
Balance of down payment$34,545
GST at 5%$34,545
First time buyer GST rebate100% under $1M, phased out to $1.5M-$34,545
Property transfer tax$11,818
Newly built home exemptionFull relief to $1.1M, any buyer, principal residence-$11,818
Legal and closing$2,000
Total cash required$140,180
Every month
Mortgage payment4.29% over 25 years$2,995
Strata fee$330
Property tax$145
Monthly cost$3,470
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.
Related calculators