Updated regularly
Buying a home in Quebec: full cost guide
Buying in Quebec is different from the rest of Canada. Beyond the mortgage, you need to plan for the Welcome Tax (droit de mutation), a mandatory notary, municipal and school taxes, and the specifics of Quebec real estate law.
This guide walks through the real numbers so your first-year budget is not a surprise.
Welcome Tax (droit de mutation)
Every property transfer in Quebec triggers a municipal Welcome Tax, calculated on brackets of the property's higher of purchase price or municipal assessment.
It is billed a few months after closing — set the money aside from day one.
Notary and closing costs
In Quebec, the notary is mandatory (not a lawyer). Fees typically run between $1,200 and $2,000 depending on complexity.
Add title insurance, adjustments for municipal and school taxes, and inspection costs.
Ongoing taxes
Municipal tax is billed by the city; school tax by the CGTSIM (or regional equivalent). Both are based on the municipal assessment.
FAQ
- How much is the Welcome Tax in Montreal?
- It follows progressive brackets. On a $500,000 home in Montreal, expect roughly $6,000 to $7,000.
- Is a notary really required?
- Yes — Quebec is a civil-law jurisdiction, and the mortgage deed must be received by a notary.
- When are the school and municipal taxes billed?
- Municipal is usually billed in one or two annual instalments; school tax annually in the summer.