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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 Timber's Edge, from $2,251,899Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$610,532
Deposits plus everything due on completion day
Monthly carry
$10,237
Deposits
$225,190
Cash to close
Deposits paid during construction10% across construction$225,190
Balance of down payment$225,190
GST at 5%$112,595
Property transfer tax$45,557
Legal and closing$2,000
Total cash required$610,532
Every month
Mortgage payment4.29% over 25 years$9,762
Strata fee$330
Property tax$145
Monthly cost$10,237
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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