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.
Based on La Riviere, from $386,600Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$79,320
Deposits plus everything due on completion day
Monthly carry
$2,151
Deposits
$57,990
Tax relief saves you $25,062
Cash to close
Deposits paid during construction15% across construction$57,990
Balance of down payment$19,330
GST at 5%$19,330
First time buyer GST rebate100% under $1M, phased out to $1.5M-$19,330
Property transfer tax$5,732
Newly built home exemptionFull relief to $1.1M, any buyer, principal residence-$5,732
Legal and closing$2,000
Total cash required$79,320
Every month
Mortgage payment4.29% over 25 years$1,676
Strata fee$330
Property tax$145
Monthly cost$2,151
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