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
$192,130
Deposits plus everything due on completion day
Monthly carry
$4,596
Deposits
$95,065
Tax relief saves you $64,546
Cash to close
Deposits paid during construction10% across construction$95,065
Balance of down payment$95,065
GST at 5%$47,533
First time buyer GST rebate100% under $1M, phased out to $1.5M-$47,533
Property transfer tax$17,013
Newly built home exemptionFull relief to $1.1M, any buyer, principal residence-$17,013
Legal and closing$2,000
Total cash required$192,130
Every month
Mortgage payment4.29% over 25 years$4,121
Strata fee$330
Property tax$145
Monthly cost$4,596
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