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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 Yorkson Meadows, from $1,571,333Change
Your numbers
$
sq ft
%
%
yrs
$/mo
$/mo
CASH YOU NEED TO CLOSE
$424,260
Deposits plus everything due on completion day
Monthly carry
$7,287
Deposits
$235,700
Cash to close
Deposits paid during construction15% across construction$235,700
Balance of down payment$78,567
GST at 5%$78,567
Property transfer tax$29,427
Legal and closing$2,000
Total cash required$424,260
Every month
Mortgage payment4.29% over 25 years$6,812
Strata fee$330
Property tax$145
Monthly cost$7,287
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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