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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 Evelyn by Onni - Single-Family Homes, from $3,239,900Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$891,970
Deposits plus everything due on completion day
Monthly carry
$14,520
Deposits
$161,995
Cash to close
Deposits paid during construction5% across construction$161,995
Balance of down payment$485,985
GST at 5%$161,995
Property transfer tax$79,995
Legal and closing$2,000
Total cash required$891,970
Every month
Mortgage payment4.29% over 25 years$14,045
Strata fee$330
Property tax$145
Monthly cost$14,520
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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