Free tool
What does buying really cost in Quebec?
Price, mortgage, insurance premium, welcome tax, notary adjustments and recurring expenses: two financing scenarios, side by side, down to the real monthly cost.
Enter a purchase price to see your real monthly cost.
Scenario A · Monthly cost
—
Scenario B · Monthly cost
—
Monthly gap
—
Cash at signing · A / B
— / —
+ — welcome tax, billed later by the municipality
The property
Optional
Optional
Duplex or triplex only — deducted from the grand total.
Municipality
Financing — two scenarios
Scenario A
$0
No premium — down payment of 20% or more.
Scenario B
$0
No premium — down payment of 20% or more.
Recurring expenses
- Municipal taxes$
- School tax$
- Insurance$
- Electricity$
- Propane gas$
- Maintenance / repairs$
- Condo fees$
- Various contracts$
- Services (phone, TV, internet)$
- Other$
At closing
Welcome tax
Taxable base: $0
Tax and fee adjustments
Municipal taxes prorated to December 31, school tax to the following June 30, condo fees to the end of the closing month.
Starting value — adjust to your quote.
Transaction costs
At signing, at the notary
Down payment
Tax and fee adjustments
Notary fees
9% tax on the insurance premium
Cash required at signing
Later — municipal invoice
Welcome tax
Payable within 30 days of the invoice, usually a few months after signing.
Total transaction cost
The welcome tax is not paid at the notary: the municipality bills it after the deed is registered, often several months after signing.
2026 schedules: Quebec and City of Montreal welcome tax, mortgage insurance premium grid, 9% tax on the premium.
Grand total
Scenario A
Scenario B
Real cost of buying
Purchase price
$0
Municipal assessment
—
Municipality
Rest of Quebec
Closing date
2026-11-10
| Scenario A | Scenario B | |
|---|---|---|
| Down payment | 0 % · $0 | 0 % · $0 |
| Annual rate | 0.00 % · 25 yrs | 0.00 % · 25 yrs |
| Mortgage insurance premium | — | — |
| Financed amount | $0 | $0 |
| Mortgage payment | $0 | $0 |
| Total expenses | $0 | $0 |
| Monthly cost | $0 | $0 |
| Principal repaid after 5 years | — | — |
| Cash required at signing | $1,500 | $1,500 |
| Welcome tax (billed later) | $0 | $0 |
| Total transaction cost | $1,500 | $1,500 |
Recurring expenses
At signing, at the notary
2026 schedules: Quebec and City of Montreal welcome tax, mortgage insurance premium grid, 9% tax on the premium. Estimation tool for information purposes only. Actual amounts depend on your file, your municipality and your lender. This is not financial, mortgage, tax or legal advice.
What the calculation includes
The mortgage payment, the loan insurance premium and its tax, the welcome tax, notary tax adjustments and every recurring expense you enter.
Welcome tax
The calculation applies the progressive bracket schedule, including the City of Montreal's additional brackets when the property is located there.
Mortgage insurance premium
Below a 20% down payment, loan insurance is mandatory. The premium is added to the financed amount, but its 9% tax is paid in cash at closing.
Closing adjustments
Depending on the closing date, you reimburse the seller for the portion already paid: municipal taxes to December 31, school tax to June 30, condo fees to the end of the month.
The other free tool
Mortgage comparison toolCompare two rate or amortization scenarios and see the real savings: monthly payment, interest paid and remaining balance.Open the toolSee all toolsEstimation tool for information purposes only. Actual amounts depend on your file, your municipality and your lender. This is not financial, mortgage, tax or legal advice.