Free Quebec Calculator
How Much House Can I Afford in Quebec? (2026)
Province-scoped defaults pre-loaded for Quebec: 0.76% property tax rate (Montréal), $95/mo electricity (Montréal), and Quebec closing costs. All figures are editable; enter your own numbers for accuracy.
All defaults are estimates; enter your own figures. The interest rate shown is a typical 5-year fixed rate as of July 2026. Rates change frequently; use the rate from your pre-approval or your lender's quote.
Quebec Closing Costs at a Glance
Land/Transfer Tax: Quebec charges a Welcome Tax (Bienvenue Tax / Droits de mutation). The provincial base tranches for 2026 are 0.5% up to $62,900; 1% from $62,900 to $315,000; 1.5% from $315,000 to $552,300. Above $552,300 municipalities may set higher rates by by-law, and Montréal does: 2% to $1,104,700; 2.5% to $2,136,500; 3.5% to $3,113,000; 4% above that.
First-Time Buyer: Quebec has no provincial first-time-buyer LTT rebate. Some municipalities offer programs; check with your municipality. Federal FHSA and HBP apply.
Quebec requires a notary (not a lawyer) for all real estate transactions; fees are typically regulated and similar to legal fees in other provinces. Quebec's 9% QST applies to the CMHC premium in cash at closing. Hydro-Québec makes electricity the cheapest in Canada (~$95/mo), and most Quebec homes use electric heat, no separate gas heating bill.
Quebec Home Buying: Frequently Asked Questions
How much house can I afford in Quebec?
Quebec requires a notary (not a lawyer) for all real estate transactions; fees are typically regulated and similar to legal fees in other provinces. Quebec's 9% QST applies to the CMHC premium in cash at closing. Hydro-Québec makes electricity the cheapest in Canada (~$95/mo), and most Quebec homes use electric heat, no separate gas heating bill. Use the calculator above; it pre-fills Quebec-specific property tax and utility defaults. Always stress-test at your contract rate + 2% (minimum 5.25% OSFI floor). Verify all figures with a licensed mortgage professional.
What are the closing costs in Quebec?
Quebec charges a Welcome Tax (Bienvenue Tax / Droits de mutation). The provincial base tranches for 2026 are 0.5% up to $62,900; 1% from $62,900 to $315,000; 1.5% from $315,000 to $552,300. Above $552,300 municipalities may set higher rates by by-law, and Montréal does: 2% to $1,104,700; 2.5% to $2,136,500; 3.5% to $3,113,000; 4% above that. Quebec has no provincial first-time-buyer LTT rebate. Some municipalities offer programs; check with your municipality. Federal FHSA and HBP apply. Beyond land transfer tax: legal/notary fees (~$1,200–$2,500), title insurance (~$250–$600), home inspection (~$400–$700), and property-tax/utility adjustments.
What is the Welcome Tax in Quebec?
Quebec's Welcome Tax (droits de mutation) is a transfer duty billed by the municipality. It is exigible from the thirty-first day after the account is sent. The provincial base tranches for 2026 are 0.5% up to $62,900, 1% to $315,000 and 1.5% to $552,300, and above $552,300 a municipality may set its own higher rates, as Montréal does. Confirm the current thresholds and your municipality's rates before you budget.
Why is electricity so cheap in Quebec?
Hydro-Québec's large hydroelectric generating capacity, most of it amortized over decades, gives Quebec the cheapest electricity in Canada at roughly $95/mo for 1,000 kWh including tax. Quebec homes typically use electric baseboard or heat-pump heat, which is already captured in the electricity estimate; there is no separate gas heating bill.
Related guides for Quebec
All figures are estimates based on provincial averages as of July 2026. Property tax rates are major-city estimates from Zoocasa 2024 data. Electricity figures from Hydro-Québec 2025 comparison report. LTT/PTT/DTT figures verified against official provincial government sources. Not financial or legal advice.