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 Sun Towers II, from $609,300Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$123,860
Deposits plus everything due on completion day
Monthly carry
$3,116
Deposits
$30,465
Tax relief saves you $40,651
Cash to close
Deposits paid during construction5% across construction$30,465
Balance of down payment$91,395
GST at 5%$30,465
First time buyer GST rebate100% under $1M, phased out to $1.5M-$30,465
Property transfer tax$10,186
Newly built home exemptionFull relief to $1.1M, any buyer, principal residence-$10,186
Legal and closing$2,000
Total cash required$123,860
Every month
Mortgage payment4.29% over 25 years$2,641
Strata fee$330
Property tax$145
Monthly cost$3,116
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