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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 The Arbutus, from $1,845,000Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$498,150
Deposits plus everything due on completion day
Monthly carry
$8,473
Deposits
$184,500
Cash to close
Deposits paid during construction10% across construction$184,500
Balance of down payment$184,500
GST at 5%$92,250
Property transfer tax$34,900
Legal and closing$2,000
Total cash required$498,150
Every month
Mortgage payment4.29% over 25 years$7,998
Strata fee$330
Property tax$145
Monthly cost$8,473
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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