Real Estate and Mortgage Calculators

BC GST Tax & Rebate Calculator including PTT for Vancouver Real Estate

**** PLEASE NOTE – This Calculator is for entertainment purposes only and cannot be relied upon for making actual GST calculations. *****



British Columbia Goods and Services Tax for Properties & Property Transfer Tax Calculator

During the Summer of 2011 BC voters by a margin of 55% rejected the Harmonized Sales Tax in favour of the Goods and Services Tax.

There is a huge amount of confusion surrounding taxes on property sales here in BC.

 

Thinking of Selling?

Use this form to find out how to sell your home sooner and for more money.

Are you a realtor? Click here

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I get so many questions on this topic that I have added this BC GST Rebate and PTT Calculator to my website to try to dispel some of the confusion surrounding taxes and real estate in BC.

Looking for HST Calculations? Check out this HST Calculator!

What is the Goods and Services Tax (GST) on Real Estate in BC?

The BC GST for property is a 5% Federal  Continue Reading…

Basement Suite Calculator for Houses in Vancouver

Basement Suite Calculator for Vancouver Houses

Expensive Vancouver Houses = Basement Suites

Let’s face it, single family houses in Vancouver are expensive.

To make owning a house more affordable many in Vancouver install a basement suite or purchase a house with a suite.

Basement/Secondary Suite Calculator for Vancouver Homes

The last two houses I have owned in   Continue Reading…

Commission Calculator for Realtor Fees in Vancouver with Net Proceeds for Sellers!

Vancouver Real Estate Commission Calculator

Thinking of Selling a Property in Vancouver? Get Advice for Proven Results Here!

How much are real estate fees in Vancouver, BC?

I charge a real estate commission of 7% on the 1st $100,000 and 2.5% on the the balance of the sale price for properties in Vancouver.

Around half (50%) of the 7% on the 1st $100,000 and 2.5% on the the balance  is payable to a buyers agent who brings the seller an offer that completes at the Land Titles Office.

According to Canada’s Competition Act, there we Realtors are not supposed to say there is a standard real estate commission.

Real Estate commissions and the net proceeds (ie the amount a Seller receives from a real estate sale after costs) are often confusing for prospective property Sellers in Vancouver.

Most Sellers aren’t sure about how much commission they will have to pay (Check out my great video on what I charge for Real Estate Commissions) and how much tax (GST/HST) will be payable on the real estate commission fee once the property sells.

This calculator clears up this confusion!

Thinking of Selling?

Use this form to find out how to sell your home sooner and for more money.

Are you a realtor? Click here

  • Should be Empty:

Realtor Commissions with HST/GST Calculated!

All you need to do is input the potential sale price of the property in question (Not sure how much the sale price is? Check out this great video on Comparative Market Analysis or call me at 604-763-3136!) in the form above.

Then click “Calculate” and you will get the   Continue Reading…

HST Rebate Calculator | Vancouver Real Estate

Looking for GST Rebate Calculator for Real Estate in BC?

Misconceptions and the Need for an HST Calculator for New Homes and Presales in Vancouver!

When the Harmonized Sales Tax (HST) replaced British Columbia’s Provincial Sales Tax (PST) and the Federal Goods and Services Tax (GST) July 1st, 2010 there was a LOT of confusion among those interested in Vancouver Real Estate to say the least!

One of the greatest misconceptions about the HST was that the Harmonized Sales Tax was payable on all real estate transactions in BC.

Fortunately, HST is only payable on new properties in British Columbia.

I speak to a lot of people about Presales in Vancouver and a constant question I hear is “Do I have to pay the full 12% on any new property or presale in Vancouver?” to which I answer “No, there is an HST Rebate in BC.” The next question is a toughie and is always “How much is the HST Rebate on new property in BC?” which until recently I would answer with “I don’t know exactly, best to ask your accountant…” Not anymore!

I found this great Net Harmonized Sales Tax (HST) and Net Property Transfer Tax Calculator that actually calculates the NET taxes payable on a new home purchase here in BC.

This tool calculates the HST rebate as well as the First Time Home Buyers Exemption for BC Property Transfer Tax. Remember, I am not an accountant and I am NOT giving tax advice. Confirm all tax details and calculations with your accountant.

How Much HST will be payable on New Properties in Vancouver?  Continue Reading…