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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 Landmark on Robson - East Tower, from $1,663,900Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$449,253
Deposits plus everything due on completion day
Monthly carry
$7,688
Deposits
$249,585
Cash to close
Deposits paid during construction15% across construction$249,585
Balance of down payment$83,195
GST at 5%$83,195
Property transfer tax$31,278
Legal and closing$2,000
Total cash required$449,253
Every month
Mortgage payment4.29% over 25 years$7,213
Strata fee$330
Property tax$145
Monthly cost$7,688
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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