Mortgage calculator Quebec (2026): payments, welcome tax and first-time buyer programs

Mortgage calculator for Quebec

It opens on the Montreal CMA benchmark price of $583,900 (August 2026). Pick another Quebec market or type your own price, then set your down payment, rate and amortization. The rate starts at 4.5%, our rounded assumption from Bank of Canada data, not a quote.

$2,585.38monthly mortgage payment

Down payment: $116,780 (20.0%)
CMHC insurance premiumNot needed with 20% or more down: $0
Mortgage amount: $467,120

Cash you need on closing day

Down payment: $116,780
Quebec welcome tax (provincial rates): $6,869
Total cash to close: $123,649

Plus Quebec’s first-time buyer tax credit of about $5,467, claimed on your Quebec tax return after you buy, not at closing.

CMHC says closing costs usually run 1.5% to 4% of the price: $8,759 to $23,356 on this home.

Prices: CREA MLS® Home Price Index, composite benchmark, August 2026. Payments use semi-annual compounding, as Canadian fixed-rate mortgages do. CMHC premiums and the minimum down payment follow CMHC’s published rules. Your own estimates stay in your browser.

Quebec at a glance

FIRST-TIME BUYERS

First-time buyer programs in Quebec

Quebec’s main help for first-time buyers is new for 2026: a refundable income tax credit that pays back most or all of the welcome tax. You still pay the tax to your municipality, then claim the credit on your Quebec return or ask for advance payments. On the $583,900 Montreal CMA benchmark, the credit comes to about $5,467.

Provincial

Refundable tax credit for access to homeownership

Up to $5,875of the welcome tax back, from the 2026 tax year

WHO QUALIFIES Quebec residents buying their first home: you didn’t own a home you lived in from the start of the fourth calendar year before the purchase, and a spouse didn’t own one you lived in together.

It covers 100% of the first $5,000 of welcome tax and 25% of the next $3,500, up to $875 more.
It shrinks by 2.35% of the tax base above $750,000 and is zero at $1 million.
If you expect more than $1,000, you can ask for advance payments by direct deposit; apply by December 1 of the year.

Official details

ProvincialNew builds

GST and QST rebates on new homes

GST and QST backon new homes, claimed through Revenu Québec

WHO QUALIFIES Buyers of a new or substantially renovated home they or a relative will live in. The QST rebate applies under $300,000; the regular GST rebate under $450,000.

In Quebec, Revenu Québec, not the CRA, runs the GST rebates as well as the QST one.
First-time buyers can also get up to $50,000 of GST back on a new home up to $1 million through the federal FTHB rebate.

Official details

Federal programs for first-time buyers in Quebec

These work the same in every province. Many first-time buyers can use several together: the FHSA and the Home Buyers’ Plan for the down payment, the home buyers’ amount at tax time, and the GST rebates on a newly built home.

In Quebec, Revenu Québec runs the GST rebates as well as the separate QST rebate on new homes, so you apply there rather than to the CRA.

Federal

First Home Savings Account (FHSA)

$8,000 a year$40,000 lifetime: deductible going in, tax-free coming out

WHO QUALIFIES Canadian residents aged 18 to 71 who haven’t lived in a home they or their spouse owned in the current year or the previous four calendar years.

Contributions are deductible like RRSP contributions, and a qualifying withdrawal to buy your first home is tax-free and never repaid.
Unused room carries forward up to $8,000, so the most room you can have in one year is $16,000. Room only starts once you open the account.
The account has to close by the end of the year of the 15th anniversary of opening it, the year you turn 71, or the year after your first qualifying withdrawal.

Official details

Federal

Home Buyers’ Plan (HBP)

$60,000per person from your RRSP, with no tax withheld

WHO QUALIFIES First-time buyers (the same four-year test) with a written agreement to buy or build a qualifying home in Canada that they’ll live in within a year.

You repay it to your RRSP over up to 15 years. For a first withdrawal between January 1, 2026 and December 31, 2028, repayments start in the fifth year after the withdrawal.
Any year you repay less than the minimum, the shortfall is added to your income.
You can use the HBP and an FHSA withdrawal for the same home, and the home must be bought or built before October 1 of the year after your first withdrawal.

Official details

Federal

Home buyers’ amount (first-time home buyers’ tax credit)

$10,000claimed on line 31270 as a non-refundable federal credit

WHO QUALIFIES First-time buyers (no home owned and lived in by you or your spouse in the year of purchase or the four years before), and buyers eligible for the disability tax credit.

It lowers the federal tax you owe; there’s no refund if you owe no tax.
Two eligible buyers can split it, but not above the $10,000 total for the home.
You must plan to live in the home within one year of buying it.

Official details

FederalNew builds

First-time home buyers’ GST/HST rebate

Up to $50,000all the GST, or the federal part of the HST, on a new home up to $1 million

WHO QUALIFIES First-time buyers 18 or older, citizens or permanent residents, who haven’t lived in a home they or their spouse owned this year or the previous four, buying or building a new home to live in.

Full rebate at $1 million or less, shrinking to nothing at $1.5 million. CRA’s example: a $1.25 million home gets $25,000.
Bought from a builder: the agreement must be signed on or after March 20, 2025 and before 2031, with construction starting before 2031.
It tops up the regular GST/HST new housing rebate, and applies only to newly built or substantially renovated homes.

Official details

FederalNew builds

GST/HST new housing rebate

Up to $6,30036% of the GST on new homes under $450,000

WHO QUALIFIES Anyone buying or building a new home as their own or a relative’s main residence, first-time buyer or not.

The full rebate applies at $350,000 or less and phases out by $450,000.
A builder can credit it to you at closing; otherwise you apply to the CRA, or to Revenu Québec for a home in Quebec.

Official details

Federal

CMHC Home Start: 30-year insured amortization

30 yearsinstead of 25 on an insured mortgage

WHO QUALIFIES Insured mortgages (under 20% down) where at least one borrower is a first-time buyer or the home is newly built.

The premium is 0.20 points higher: 4.20% instead of 4.00% with 5% to 9.99% down.
A longer amortization lowers the payment but adds interest over the life of the mortgage. Try both in the calculator.

Official details

Federal

First-Time Home Buyer Incentive

Closedno new applications since March 21, 2024

WHO QUALIFIES No longer open to new buyers.

It was a shared-equity mortgage with the Government of Canada worth 5 or 10% of the price toward the down payment.
CMHC granted no new approvals after March 31, 2024.

Official details

How welcome tax works in Quebec

Quebec’s duties on transfers of immovables, known as the welcome tax, are collected by your municipality. The 2026 provincial rates are 0.5% up to $62,900, 1% up to $315,000 and 1.5% above that; the brackets are indexed every year. On the $583,900 Montreal CMA benchmark that’s $6,869.

A municipality can charge more on the part above $500,000, up to 3% outside Montréal. The City of Montréal has its own brackets, rising to 4% above $3,113,000; on the same price in Montréal, the tax is $7,027.

The tax base is the highest of the price paid, the price in the deed and the market value from the municipal roll, so a low assessment doesn’t lower it.

Quebec welcome tax, general 2026 rates
Part of the price	Rate	Tax on the $583,900 benchmark
Up to $62,900	0.5%	$314.50
$62,900 to $315,000	1%	$2,521
Above $315,000	1.5%	$4,033.50

Montréal welcome tax, 2026 rates
Part of the price	Rate	Tax on the $583,900 benchmark
Up to $62,900	0.5%	$314.50
$62,900 to $315,000	1%	$2,521
$315,000 to $552,300	1.5%	$3,559.50
$552,300 to $1,104,700	2%	$632
$1,104,700 to $2,136,500	2.5%	$0
$2,136,500 to $3,113,000	3.5%	$0
Above $3,113,000	4%	$0

Source: Quebec official rates. For a full breakdown at any price, try the land transfer tax calculator.

Closing costs in Quebec

CMHC puts closing costs at 1.5% to 4% of the price. In Quebec the main ones are the welcome tax, notary fees, a home inspection and adjustments for taxes the seller prepaid.

Quebec also applies its 9% tax on insurance premiums to the CMHC premium, paid in cash at closing because it can’t go on the mortgage. With the minimum down payment on the Montreal CMA benchmark, that’s about $1,982. The rate rises to 9.975% for premiums paid after December 31, 2026.

On the $583,900 Montreal CMA benchmark
Cost	Amount	Notes
Welcome tax	$6,869	Paid at registration
Sales tax on the CMHC premium	$1,982	9% of a $22,020 premium at the minimum down payment
Notary fees	Get a quote	The deed of sale is signed before a notary
Home inspection	Get a quote	Optional; you can make your offer conditional on one
Title insurance	Get a quote	Optional; often arranged by your lawyer or notary
Property tax and utility adjustments	Varies	Repaying the seller for anything they prepaid past closing
CMHC’s rule of thumb	$8,759 to $23,356	1.5% to 4% of the price for all closing costs together

THE GUIDE

Buying a home in Quebec: what else to know

The notary’s role in a Quebec purchase

In Quebec, a purchase ends with a deed of sale signed in front of a notary. Budget for notary fees alongside the welcome tax, and ask for a quote early.

If you buy a new home directly from a builder or developer, they must give you a preliminary contract, and you can change your mind within 10 days of signing it, although the termination may involve a penalty.

Down payment rules in Quebec

The minimum is 5% of the first $500,000 of the price and 10% of the part above, so the $583,900 Montreal CMA benchmark needs at least $33,390. At $1.5 million or more you need 20%.

With less than 20% down the mortgage must be insured. The CMHC premium is 4.00% of the loan with under 10% down and is added to the mortgage; the 9% tax on it is not.

Montréal and Quebec City

The Montreal CMA benchmark is $583,900 and the Quebec City benchmark is $436,100 (August 2026). At Quebec City’s benchmark, the welcome tax at the general rates is $4,652, and an eligible first-time buyer’s credit would be about $4,652.

Inside the City of Montréal, the city’s own brackets apply; the calculator has a Montréal switch for them.

Using your FHSA and RRSP in Quebec

The FHSA and the Home Buyers’ Plan are federal and work the same in Quebec. Each first-time buyer can withdraw their FHSA tax-free and take up to $60,000 from an RRSP for the same home.

FHSA withdrawals are never repaid. The Home Buyers’ Plan goes back into your RRSP over up to 15 years.

Mortgage lenders in Quebec

The big banks lend across Canada, including in Quebec, alongside Desjardins and National Bank. Listed for convenience, not ranked here. See every lender’s current rates on mortgage rates in Canada.

Frequently Asked Questions

How do I use this Quebec mortgage calculator?

Pick Montréal or Quebec City to start from its benchmark price, or type your own. Set your down payment, rate and a 25 or 30 year amortization. You get the monthly payment, the CMHC premium and Quebec’s 9% tax on it, the welcome tax, and the first-time buyer credit you’d claim later.

What is the monthly mortgage payment on a typical Montréal home?

On the Montreal CMA benchmark of $583,900 (August 2026), with 20% down at 4.5% over 25 years, about $2,585 a month.

What help is there for first-time home buyers in Quebec?

Quebec’s refundable credit pays back up to $5,875 of the welcome tax from 2026. Federally there’s the FHSA, up to $60,000 from an RRSP through the Home Buyers’ Plan, the $10,000 home buyers’ amount and up to $50,000 of GST back on a new home, claimed through Revenu Québec.

How much is the welcome tax in Quebec?

At the 2026 general rates, 0.5% up to $62,900, 1% up to $315,000 and 1.5% above. A $500,000 home pays $5,610.50; the $583,900 Montreal CMA benchmark pays $6,869. Some municipalities charge more above $500,000.

Do first-time buyers pay the welcome tax in Quebec?

Yes, you pay it to the municipality, but from 2026 a refundable Quebec tax credit gives back 100% of the first $5,000 and 25% of the next $3,500, up to $5,875. It shrinks for homes above $750,000 and ends at $1 million.

How much is the welcome tax in Montréal?

Montréal uses its own 2026 brackets, from 0.5% up to 4% above $3,113,000. On a $500,000 home that’s $5,610.50; first-time buyers can claim the Quebec credit on it.

Is there tax on CMHC insurance in Quebec?

Yes. Quebec’s 9% tax on insurance premiums applies to the CMHC premium, rising to 9.975% for premiums paid after December 31, 2026. It’s paid at closing and can’t be added to the mortgage.

Do I need a notary to buy a house in Quebec?

Yes. The purchase ends with a deed of sale signed in front of a notary, so notary fees are part of your closing costs.

How much down payment do I need in Quebec?

5% of the first $500,000 and 10% of the rest, or 20% at $1.5 million or more. On the Montreal CMA benchmark that’s $33,390.

Do first-time buyers get the GST back on new homes in Quebec?

Yes. The federal FTHB rebate returns up to $50,000 of GST on a new home up to $1 million, shrinking to nothing at $1.5 million. In Quebec you claim it from Revenu Québec, which also runs the QST rebate on new homes under $300,000.

Sources

General information, not financial or legal advice. Programs have conditions on residency, past ownership and price; your lawyer or notary and the program will confirm what you qualify for. Rules checked October 16, 2026. See our methodology.