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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 Grande at Suter Brook Village - West Tower, from $2,148,900Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$689,137
Deposits plus everything due on completion day
Monthly carry
$9,790
Deposits
$537,225
Cash to close
Deposits paid during construction25% across construction$537,225
Balance of down payment$0
GST at 5%$107,445
Property transfer tax$42,467
Legal and closing$2,000
Total cash required$689,137
Every month
Mortgage payment4.29% over 25 years$9,315
Strata fee$330
Property tax$145
Monthly cost$9,790
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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