Plan every deposit before you sign.
This pre-sale deposit calculator maps your deposit schedule against your savings, and shows the GST, transfer tax and mortgage you will need at completion.
What this pre-sale deposit calculator tells you.
Pre-sale deposits are paid in stages, often over years. Make sure your savings can keep up before you sign the contract.
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Every pre-sale deposit and due date
See exactly how much is due and when, from signing to completion.
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Savings vs deposits
Check that the money you save each month will cover each deposit on time.
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Cash at completion
GST, legal fees and the rest of your down payment, all in one place.
How to use the pre-sale deposit calculator.
It only takes a couple of minutes. Every result updates while you type.
Want me to check your numbers? Book a free call
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Enter the price
Use the price before GST, as shown in the developer's price list.
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Match the pre-sale deposit schedule
Set each deposit and when it is due, as written in the disclosure statement.
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Add your savings
Enter what you have today and what you can save each month.
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Check completion
Review the cash needed at completion and the mortgage payment at your expected rate.
Your savings vs deposits due
Deposit timeline
At completion
Where these numbers come from
Every rule in this calculator is taken from these official pages.
- Mortgage loan insurance costPremium rates by loan-to-value, added to the mortgage.
- First-Time Home Buyers' GST Rebate (Department of Finance)GST relief of up to $50,000 on new homes, full to $1 million and phased out to $1.5 million.
- Saving for a down payment (FCAC)Minimum down payment of 5% and 10%, 20% from $1.5 million, and when insurance is required.
- Pre-sold strata unitsTransfer tax on the total amount paid, including upgrades and assignment fees.
- Property transfer taxTax rates of 1%, 2%, 3% and the extra 2% over $3 million on residential property.
- Newly built home exemptionFull exemption to $1.1 million, partial to $1.15 million.
- First-time home buyers' exemptionFull exemption to $835,000, partial to $860,000, on the first $500,000.
Pre-sale deposit calculator: good questions to ask.
Short, plain answers. Still have questions? Ask me anything on a free call.
Still have a question? Book a free call 778 900 1010
How much are pre-sale deposits in Vancouver?
Usually 15% to 20% of the price, split into two to four payments over the first year or so. Some projects ask for less. The schedule is in the contract.
When do I get the mortgage for a pre-sale?
At completion, often two to four years after you sign. You can get a pre-approval early, but the final approval is based on your situation and rates at completion.
Do I pay GST on a pre-sale?
Yes, GST applies to new homes and is usually due at completion. First-time buyers may qualify for a federal GST rebate. Check the contract to see whether the price includes GST.