Buck Up $85,000 for Sophia

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If you missed it this morning’s (03/13) City TV’s ticker tape claims Sophia buyers must pay $85,000 to keep their condos.

This close to completion $85,000 seems like a lot to finish a unit.

I don’t know which sharp pencil came up with this number. According to the Canada mortgage calculator it will cost an extra $538 per month for a 5 year term and a 25 year amortization. By the way, that’s an extra $23,000 in interest.

Got a Vancouver Real Estate question? I’ll do my best to answer it. Call or send me an email. Larry

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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