Pro Forma Tool
Our Pro Forma Tool is designed to help craft developers in Canada evaluate the financial feasibility of their housing projects with ease. Complete the sections to determine your project's feasibility.
Crunch your Project Numbers
Sale Income
Number of units: 0
/Total: $0
Input the specifics for each unit included in your project. Include the number of each unit type, the area of each unit, and sale price per unit.
Unit Profile 1
Project Costs
Total Cost: $0
Land Cost
$0The cost of your land or land + existing building cost.
Hard Cost
$0Costs related to the physical construction of your project such as: labour, materials, utilities, landscaping, off-site improvements, etc.
Soft Cost
$0Costs not directly related to the physical construction, but necessary to the development project. This includes costs such as pre-development studies, design, financing, legal and administrative expenses.
Contingency
$0A reserve fund to cover unexpected costs during the project development.
Financing
Annual Debt Service: $0
The total cost of debt over the construction period
Equity
$0Equity may be a downpayment in cash, land, or deferred fees.
Equity Rate 30% %Project Cost $0
Project Total Cost Equity
Project Total Cost Equity
Loan Amount
$0
The total cost of your project not covered by equity. This is the amount you will borrow.
Equity
The amount you must repay each month on your loan.
Mortgage Calculator
Monthly payment:
$0
Annual payment:
$0
Additional Expenses
Return on Investment: 0%
Taxes
$0HST or GST applied to goods and services
Commission
$0Typically paid to real estate agents selling pre-construction units
Estimate 6% on the first $100,000 of each unit, 3% on the remaining amount
Over $100,000
Legal and Other Costs
$0Legal costs may include title searches, document preparation, and closing facilitation
Estimate $7,500 per units (0)
Rebates, Grants or Other Funding to the Benefit of the Project
Recovery of some of the HST paid for a new house that is for use as the individual's primary place of residence
Net Sale Income
$0
The total revenue generated by the project.
Total Sale Price Total Project Cost Total Debt Service Taxes Commission Legal and Other Costs
Return on Investment
0%
Measures the profitability of investment / project