Can GST be added to mortgage?

[Havan8655]

For new residential construction purchases in BC, does 5% GST would be added to the mortgage loan amount or does one has to pay it when closing?

 

[Thomas Beyer]

It has to be paid but you can apply for a rebate. Usually it is NOT borrowed, although some sellers/developers do legally clean tricks, ie give you a decorating allowance, of say $20,000. That is then deducted on the closing table and GST added.

 

[lendmorefinancial]

Yes it has to be paid but you can apply for a rebate only.