First Time Home Buyer Incentives in Quebec 2021

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First Time Buyer Calculator Québec

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I live in the city of Montreal
I live in Québec City

Property Type

Existing/ResaleNew Construction

You could qualify for...

Quebec Home Buyers' Tax Credit
$750750
*See details below
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Montreal Home Ownership Program
$00
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Shared-Equity Incentive
$25,00025k
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Home Buyer's Plan (RRSP)
up to$35,00035k
Find out more about national incentive programs
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Goverment Incentive Option

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5
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$25,00025k
10
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Your Monthly Payment
$1,9651.96k
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Down Payment
(Incl. Incentive)
$50,00050k
Mortgage Amount
(Incl. CMHC Premium)
$463,950464k

Quebec First-Time Home Buyer Incentive

The Government of Quebec's Home Buyers' Tax Credit gives a maximum tax credit of $750 per qualifying home for first-time home buyers in Quebec. This amount is split between those eligible to claim the tax credit per home.

Frequently Asked Question

Who qualifies as a first-time home buyer in Quebec?

To qualify as a first-time home buyer under the Home Buyers' Tax Credit program, you must not have been an owner or co-owner of a home after January 1, 2015. Your spouse also must not have been an owner or co-owner.

How do I qualify for Quebec’s Home Buyers’ Tax Credit?

To qualify, the property must be located in Quebec. You must have been a resident in Quebec during the year you are purchasing, and the home must become your principal residence within one year. To claim the credit, you will fill out form TP-752.HA-V on your income tax return.

Montreal Home Ownership Program

The City of Montreal's Home Ownership Program helps first-time home buyers to purchase a home in Montreal. The amount of financial assistance provided varies depending on your household and the property purchase price.

The financial assistance includes a maximum lump-sum payment of $6,250 and a 100% real estate transfer tax refund ("Welcome" tax).

To be eligible, you must not have owned a home in Quebec in the past five years. You must occupy the home as your principal residence for at least three years afterwards. If you do not, you may be required to repay the financial assistance. You do not have to repay if you sell your home to purchase another home in Montreal within one month of sale.

Montreal Financial Assistance for New Construction

First-Time BuyersMaximum Purchase PriceFinancial Assistance
Single without Children$200,000$2,250
Household without Children$250,000$2,250
Household with Children under 18$280,000$5,000
Household with Children under 18$360,000 (For a Family Housing Unit)$5,000 if less than 1033 sq. feet + 100% real estate transfer tax refund $6,250 if more than 1033 sq. feet + 100% real estate transfer tax refund
Non-First Time BuyersMaximum Purchase PriceFinancial Assistance
Household with Children under 18$360,000 (For a Family Housing Unit)100% real estate transfer tax refund
Montreal Financial Assistance for Existing/Resale
First-Time BuyersMaximum Purchase PriceFinancial Assistance
Household with Children under 18$450,000 (Single Family House)100% real estate transfer tax refund
Household with Children under 18$475,000 (Building with 2 Units)100% real estate transfer tax refund
Household with Children under 18$490,000 (Building with 3 Units)100% real estate transfer tax refund
Source: https://ville.montreal.qc.ca/portal/page?_pageid=9437,143036184&_dad=portal&_schema=PORTAL

Quebec City Family Access Program

The City of Quebec's Accès Famille program provides an interest-free loan of 5.5% of the value of a home for home buyers to use as a downpayment. Only homes with a price less than $300,000 and at least two bedrooms in the city of Quebec are eligible.

This calculator is provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.