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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
$539,460
Deposits plus everything due on completion day
Monthly carry
$9,136
Deposits
$299,700
Cash to close
Deposits paid during construction15% across construction$299,700
Balance of down payment$99,900
GST at 5%$99,900
Property transfer tax$37,960
Legal and closing$2,000
Total cash required$539,460
Every month
Mortgage payment4.29% over 25 years$8,661
Strata fee$330
Property tax$145
Monthly cost$9,136
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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