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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 Granville Street & West 52nd Avenue, from $1,848,888Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$499,200
Deposits plus everything due on completion day
Monthly carry
$8,490
Deposits
$277,333
Cash to close
Deposits paid during construction15% across construction$277,333
Balance of down payment$92,444
GST at 5%$92,444
Property transfer tax$34,978
Legal and closing$2,000
Total cash required$499,200
Every month
Mortgage payment4.29% over 25 years$8,015
Strata fee$330
Property tax$145
Monthly cost$8,490
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.
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