Estimate your monthly mortgage payment based on Quebec home prices. Quebec offers some of the most affordable housing in Canada, with average prices well below the national average. Combined with strong social programs and lower cost of living, Quebec is an attractive market for first-time buyers.
The average home price in Quebec is approximately $420,000. With a minimum down payment of $21,000 (5%) and CMHC insurance, the total mortgage would be approximately $414,981. At a 4.25% interest rate over 25 years, the monthly mortgage payment would be $2,244.
5-year term summary:
25-year summary:
Quebec mortgage payment examples
Here are estimated monthly payments at typical Quebec price points, assuming 10% down, CMHC insurance included, and 25-year amortization:
| Home Price | Down Payment | Mortgage + CMHC | Monthly at 4% | Monthly at 5% | Monthly at 6% |
|---|---|---|---|---|---|
| $250,000 | $25,000 | $232,200 | $1,224 | $1,356 | $1,495 |
| $350,000 | $35,000 | $324,870 | $1,712 | $1,898 | $2,091 |
| $420,000 | $42,000 | $389,844 | $2,055 | $2,278 | $2,510 |
| $550,000 | $55,000 | $510,225 | $2,689 | $2,980 | $3,285 |
| $700,000 | $90,000 | $628,910 | $3,314 | $3,673 | $4,047 |
| $900,000 | $115,000 | $809,350 | $4,265 | $4,728 | $5,210 |
Quebec welcome tax (droits de mutation)
Quebec’s welcome tax (droits de mutation immobilières) is the province’s version of land transfer tax, paid on every property purchase:
| Purchase Price Bracket | Marginal Rate |
|---|---|
| First $58,900 | 0.5% |
| $58,901 – $294,600 | 1.0% |
| $294,601 – $500,000 | 1.5% |
| Over $500,000 | 2.0% |
Example: On a $420,000 home in Quebec, the welcome tax would be approximately $4,172.
Montreal surtax
Properties purchased in Montreal are subject to higher rates:
| Purchase Price Bracket | Montreal Rate |
|---|---|
| First $58,900 | 0.5% |
| $58,901 – $294,600 | 1.0% |
| $294,601 – $500,000 | 1.5% |
| $500,001 – $1,043,900 | 2.0% |
| $1,043,901 – $2,087,800 | 2.5% |
| Over $2,087,800 | 3.0% |
No first-time buyer rebate
Unlike Ontario and BC, Quebec does not offer a provincial first-time homebuyer rebate on the welcome tax. This means all buyers pay the full amount. However, some municipalities may offer partial exemptions — check with your local municipality.
Quebec property tax rates
Property taxes in Quebec are composed of municipal and school taxes:
| Municipality | Approximate Municipal Rate | Annual Tax on $420,000 Home |
|---|---|---|
| Montreal | 0.87% | $3,654 |
| Quebec City | 0.78% | $3,276 |
| Laval | 0.72% | $3,024 |
| Gatineau | 0.87% | $3,654 |
| Longueuil | 0.71% | $2,982 |
| Sherbrooke | 1.07% | $4,494 |
| Trois-Rivières | 0.95% | $3,990 |
School taxes (approximately 0.10%–0.11%) are charged separately in Quebec, adding roughly $400–$500/year on a $420,000 home.
Quebec housing cost breakdown
| Cost Category | Typical Monthly Range |
|---|---|
| Mortgage payment (on average home) | $2,100 – $2,400 |
| Municipal property taxes | $250 – $375 |
| School taxes | $35 – $42 |
| Home insurance | $80 – $175 |
| Utilities & heating | $150 – $350 |
| Maintenance (1% of value/year) | $350 – $420 |
| Condo fees (if applicable) | $200 – $600 |
Total estimated monthly cost: $2,965 – $3,762 (house) or $3,165 – $4,362 (condo)
Quebec’s total housing costs are among the most affordable in Canada, significantly lower than Ontario and BC.
Quebec-specific homebuyer considerations
- Quebec Sales Tax (QST) — New homes are subject to 5% GST + 9.975% QST (14.975% total). The federal GST New Housing Rebate can refund up to $6,300 of the GST, and the Quebec QST rebate can refund up to $9,975 on new homes under $300,000.
- Notary requirement — Quebec uses notaries (not lawyers) for real estate transactions. Notary fees typically range from $1,500–$2,500.
- Home inspection — While not legally required in Quebec, a home inspection ($400–$600) is strongly recommended. Quebec’s Civil Code provides some buyer protections against hidden defects.
- First Home Savings Account (FHSA) — Save up to $40,000 tax-free for a down payment. See the FHSA calculator.
- RRSP Home Buyers’ Plan — Withdraw up to $60,000 ($120,000 per couple) interest-free.
- Revenu Québec Home Buyers’ Tax Credit — Quebec offers its own home buyers’ tax credit worth up to $1,500 in provincial tax savings.
Quebec housing market overview
Quebec’s housing market is more affordable than the national average:
- Montreal — The largest market, with average prices around $550,000. A diverse economy and growing tech sector drive demand. See the Montreal mortgage calculator.
- Quebec City — Very affordable for a major Canadian city, averaging around $350,000. The strong government and education sectors provide stability.
- Gatineau — Benefits from proximity to Ottawa, with prices around $400,000–$450,000 — significantly cheaper than across the river.
- Sherbrooke / Trois-Rivières — Smaller cities with average prices around $300,000–$350,000.
- Rural Quebec — Some of the most affordable housing in Canada, with homes available under $250,000.
For the latest data, see the Quebec housing market report.
Related calculators
- Quebec Welcome Tax Calculator — Calculate your Quebec droits de mutation
- Montreal Mortgage Calculator — Calculate payments at Montreal home prices
- Mortgage Affordability Calculator — How much house can you afford in Quebec?
- Mortgage Down Payment Calculator — Calculate your minimum down payment
- Closing Costs Calculator — Estimate all purchase costs
- CMHC Mortgage Insurance Calculator — Estimate your insurance premium