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
$95,520
Deposits plus everything due on completion day
Monthly carry
$2,502
Deposits
$23,380
Tax relief saves you $30,732
Cash to close
Deposits paid during construction5% across construction$23,380
Balance of down payment$70,140
GST at 5%$23,380
First time buyer GST rebate100% under $1M, phased out to $1.5M-$23,380
Property transfer tax$7,352
Newly built home exemptionFull relief to $1.1M, any buyer, principal residence-$7,352
Legal and closing$2,000
Total cash required$95,520
Every month
Mortgage payment4.29% over 25 years$2,027
Strata fee$330
Property tax$145
Monthly cost$2,502
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