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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 Hollybridge at River Green, from $2,398,000Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$771,340
Deposits plus everything due on completion day
Monthly carry
$10,870
Deposits
$599,500
Cash to close
Deposits paid during construction25% across construction$599,500
Balance of down payment$0
GST at 5%$119,900
Property transfer tax$49,940
Legal and closing$2,000
Total cash required$771,340
Every month
Mortgage payment4.29% over 25 years$10,395
Strata fee$330
Property tax$145
Monthly cost$10,870
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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