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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.
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$485,676
Deposits plus everything due on completion day
Monthly carry
$8,273
Deposits
$179,880
Cash to close
Deposits paid during construction10% across construction$179,880
Balance of down payment$179,880
GST at 5%$89,940
Property transfer tax$33,976
Legal and closing$2,000
Total cash required$485,676
Every month
Mortgage payment4.29% over 25 years$7,798
Strata fee$330
Property tax$145
Monthly cost$8,273
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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