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
$137,360
Deposits plus everything due on completion day
Monthly carry
$3,409
Deposits
$101,520
Tax relief saves you $45,376
Cash to close
Deposits paid during construction15% across construction$101,520
Balance of down payment$33,840
GST at 5%$33,840
First time buyer GST rebate100% under $1M, phased out to $1.5M-$33,840
Property transfer tax$11,536
Newly built home exemptionFull relief to $1.1M, any buyer, principal residence-$11,536
Legal and closing$2,000
Total cash required$137,360
Every month
Mortgage payment4.29% over 25 years$2,934
Strata fee$330
Property tax$145
Monthly cost$3,409
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