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
$94,978
Deposits plus everything due on completion day
Monthly carry
$2,490
Deposits
$46,489
Tax relief saves you $30,542
Cash to close
Deposits paid during construction10% across construction$46,489
Balance of down payment$46,489
GST at 5%$23,244
First time buyer GST rebate100% under $1M, phased out to $1.5M-$23,244
Property transfer tax$7,298
Newly built home exemptionFull relief to $1.1M, any buyer, principal residence-$7,298
Legal and closing$2,000
Total cash required$94,978
Every month
Mortgage payment4.29% over 25 years$2,015
Strata fee$330
Property tax$145
Monthly cost$2,490
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