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
$492,723
Deposits plus everything due on completion day
Monthly carry
$8,386
Deposits
$91,245
Cash to close
Deposits paid during construction5% across construction$91,245
Balance of down payment$273,735
GST at 5%$91,245
Property transfer tax$34,498
Legal and closing$2,000
Total cash required$492,723
Every month
Mortgage payment4.29% over 25 years$7,911
Strata fee$330
Property tax$145
Monthly cost$8,386
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