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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 Piero Lissoni x Oakridge, from $1,688,980Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$456,025
Deposits plus everything due on completion day
Monthly carry
$7,797
Deposits
$168,898
Cash to close
Deposits paid during construction10% across construction$168,898
Balance of down payment$168,898
GST at 5%$84,449
Property transfer tax$31,780
Legal and closing$2,000
Total cash required$456,025
Every month
Mortgage payment4.29% over 25 years$7,322
Strata fee$330
Property tax$145
Monthly cost$7,797
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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