Buyer tool
New-build total cost calculator
Enter any Ellison Landing price and see what it really costs: GST, the first-time buyer GST rebate, BC property transfer tax and the newly built home exemption, your deposit, mortgage and monthly carrying costs.
- Sheet
- 05 / 17
- Updated
- September 2026
- By
- Sean Phillips, REALTOR®
Worked example: $1,399,000, plus GST
- GST (5%)
- $69,950
- First-time buyer rebate (if eligible)
- −$10,100
- BC property transfer tax
- $25,980
- Newly built home exemption
- −$0
- Price + GST + PTT (no rebate)
- $1,494,930
Turn on JavaScript to run your own numbers, or ask Sean to run them for you.
Estimate only, not financial, legal or tax advice. Verify with your lawyer or notary, accountant and lender.
How the calculator works
Every rule below is taken from a government or CRA source and was checked in September 2026. The calculator shows its working so you can check it against your lawyer’s statement of adjustments.
| Home | Price | GST 5% | PTT | Price + GST + PTT | First-time rebate, if eligible |
|---|---|---|---|---|---|
| #32-799 (Woodside) | $1,399,000 | $69,950 | $25,980 | $1,494,930 | $10,100 |
| #1-799 (Woodside) | $1,465,000 | $73,250 | $27,300 | $1,565,550 | $3,500 |
| #27-799 (Woodside) | $1,480,000 | $74,000 | $27,600 | $1,581,600 | $2,000 |
| #28-799 (Woodside) | $1,545,000 | $77,250 | $28,900 | $1,651,150 | $0 |
| 818 (Vale) | $1,885,000 | $94,250 | $35,700 | $2,014,950 | $0 |
| 822 (Vale) | $1,995,000 | $99,750 | $37,900 | $2,132,650 | $0 |
Before legal fees, adjustments and moving. If a price turns out to include GST, the GST and PTT figures fall.
GST
GST is 5% of the price before GST. If you select “GST included”, the calculator divides the price by 1.05 to find the pre-GST price first. The developer’s pages don’t say which applies at Ellison Landing, so it defaults to “plus GST”, the more conservative assumption.
First-time home buyers’ GST rebate
Up to $50,000 in full on new homes to $1,000,000, reducing in a straight line to nothing at $1,500,000 (CRA). The formula is: $50,000 × ($1,500,000 − price) ÷ $500,000. At $1,399,000 that gives $10,100; at $1,465,000, $3,500. Check the eligibility rules before you tick the box; they are strict.
Older GST new housing rebate
36% of the GST up to $6,300, phasing out between $350,000 and $450,000. It is included for completeness and is $0 at every Ellison Landing price. Where both rebates apply, the calculator caps the total at the GST paid; confirm how your builder applies them.
Property transfer tax and the newly built home exemption
1% on the first $200,000, 2% to $2,000,000, 3% above that, plus 2% on residential value over $3,000,000 (BC government). The newly built home exemption removes all PTT up to a fair market value of $1,100,000 and part of it up to $1,150,000, if you meet the principal-residence and citizenship tests (BC government). The calculator applies PTT to the pre-GST price; your lawyer will confirm the fair market value used on your return.
Mortgage and monthly costs
Payments use Canadian fixed-rate convention, compounded semi-annually. The mortgage is calculated on the price plus net GST, less your down payment. Mortgage default insurance, lender fees and bridge financing are not included; ask your mortgage broker what applies at your price and down payment.
At Ellison Landing’s published prices, taxes alone add roughly $96,000 to $138,000 to the price: 5% GST plus full transfer tax, before legal fees. The only meaningful relief is a partial first-time buyer rebate on Woodside homes under $1.5 million. Knowing that before you negotiate changes the conversation, for example about whether an incentive is worth more than a price reduction.
Want to see this against a resale home? Try the new vs resale comparison. Selling first? The net proceeds estimator shows what your current home could contribute.
Questions? Call or text Sean. 778-363-0542 (cell) · 604-227-4810 (Info Hotline) · chaletsean@gmail.com
Questions? Call or text
Talk it through before you sign anything
Sean Phillips is a REALTOR® with Coldwell Banker Executives Realty in Vernon. He is not part of the developer’s sales team, so his job is to look after you: compare homesites and plans, read the disclosure statement with you, check the GST and transfer tax numbers, and weigh Ellison Landing against resale homes at Predator Ridge.
778-363-0542Sean’s direct cell · call or text
604-227-4810Info Hotline