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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.
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$512,730
Deposits plus everything due on completion day
Monthly carry
$8,707
Deposits
$284,850
Cash to close
Deposits paid during construction15% across construction$284,850
Balance of down payment$94,950
GST at 5%$94,950
Property transfer tax$35,980
Legal and closing$2,000
Total cash required$512,730
Every month
Mortgage payment4.29% over 25 years$8,232
Strata fee$330
Property tax$145
Monthly cost$8,707
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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