Tools › Pre-construction
Interim occupancy cost
Between occupancy and final closing on a new condo you pay the builder an occupancy fee: interest on your unpaid balance, plus estimated taxes and common expenses. It looks like a mortgage payment. It is rent.
Your numbers
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You get this page as a PDF. We get your figures, so if you want to talk, the conversation starts from your actual situation.
Estimates only, for information. Not mortgage, tax or legal advice. Rates, rules and rebates change; confirm every figure with your lender, lawyer and the CRA before you rely on it.
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