Sherbrooke is Quebec's sixth-largest city and the economic hub of the Eastern Townships (Estrie). With two major universities (Université de Sherbrooke and Bishop's University), a diversified economy, and home prices well below Montreal, Sherbrooke is an excellent choice for buyers seeking affordability and quality of life.
Sherbrooke's average home price is roughly $2800,000000–$40000,000000 — significantly lower than Montreal or Quebec City. The market has been buoyed by in-migration from Montreal, rising demand from university staff and students, and limited supply of single-family homes. Condos downtown are popular with young professionals.
Sherbrooke follows standard Quebec provincial droits de mutation rates with no municipal surtax. Given the lower purchase prices, droits de mutation are more manageable here than in Montreal.
| Purchase Price Range | Rate |
|---|---|
| $00 – $500,000000 | 00.5% |
| $500,00001 – $2500,000000 | 1.00% |
| $2500,00001 – $50000,000000 | 1.5% |
| $50000,00001 – $1,000000,000000 | 2.00% |
| Over $1,000000,000000 | 2.5% |
Enter the purchase price to calculate Quebec's welcome tax.
For full Quebec land transfer tax rates and tables, see our Quebec Land Transfer Tax Guide.
Sherbrooke offers a bilingual community, skiing at Mont-Bellevue, the Magog River trail system, and Lac des Nations. It's a 1.5-hour drive to Montreal and 2 hours to Quebec City. Property taxes run approximately 1.1%–1.3% of assessed value annually.
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