Quebec's welcome tax explained, median prices, and buyer tips for Montreal's bilingual, culturally rich real estate market.
Montreal presents one of Canada's most compelling value propositions in 2026. As the only major bilingual city in North America and home to world-class universities, a booming tech and AI sector (anchored by Mila and major companies like Microsoft, Google, and Amazon), and a vibrant cultural scene, Montreal punches far above its weight in quality of life per dollar spent. Median prices remain roughly 50% below Toronto's comparable properties.
The Montreal market has recovered from a brief 2022–2023 correction. The Island of Montreal shows moderate growth, while the suburbs of Laval, Longueuil, and the South Shore communities continue to attract families seeking space and value. The rental market remains tight, pushing more renters toward ownership. Immigration-driven demand is particularly strong in Brossard and the South Shore.
| Property Type | Median Price | YoY Change | Days on Market |
|---|---|---|---|
| Detached (Island of Montreal) | $625,000 | +3.4% | 30 |
| Plex (2–5 units) | $850,000 | +4.1% | 28 |
| Condo (Island) | $385,000 | +2.8% | 38 |
| Detached (Laval) | $520,000 | +5.2% | 25 |
| Detached (South Shore) | $480,000 | +6.1% | 22 |
Quebec does not call it a land transfer tax — it's officially the droits de mutation immobilière, colloquially known as the "bienvenue tax" or welcome tax. Quebec does NOT offer a first-time buyer rebate on this tax, unlike Ontario and BC.
| Purchase Price | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 – $250,000 | 1.0% |
| $250,001 – $500,000 | 1.5% |
| $500,001 – $1,000,000 | 2.0% |
| Over $1,000,000 | 2.5% |
Note: Some Montreal boroughs may add a surcharge above $500,000. The tax is payable to the municipality within 30 days of receiving the invoice (typically 6–12 months after closing).
Estimate your Quebec droits de mutation for a Montreal purchase. No FTB rebate in Quebec.
In Quebec, real estate transactions are handled by a notary (notaire) rather than a real estate lawyer. Both the buyer and seller may use the same notary, which is common and accepted. Budget $1,500–$2,500 for notarial fees. The notary also registers title and discharges mortgages.
Quebec uses a promesse d'achat (promise to purchase) which is legally binding upon acceptance by the seller. Unlike some provinces where conditions can be loosely worded, Quebec's legal framework makes conditions very specific. Ensure your inspection condition, financing condition, and any other conditions are clearly drafted.
Buying a duplex or triplex and renting additional units is uniquely viable in Montreal. A well-maintained triplex in NDG, Rosemont, or Villeray can have your rental income covering 40–60% of mortgage costs. Lenders allow rental income to be included in qualification calculations.
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