Free guide
Newcomers: buying your first home in Québec
I arrived in Montréal over 15 years ago, so I’ve been there too. Here is what to know before buying: status, credit, down payment, assistance programs and closing costs.
Book a call4 steps before your first purchase
Your status
Permanent resident or work permit: your status determines the financing options available.
Your credit
Little Canadian history? Some lenders accept a foreign credit report or a letter from your home-country bank.
Your down payment
Minimum 5% on the first $500,000, then 10% on the next portion. The FHSA and HBP can help.
Closing costs
Notary, inspection, welcome tax, tax adjustments and moving: plan a cushion on top of your down payment.
Your questions, my answers
Can I buy with no Canadian credit history?
Often, yes. CMHC’s Newcomers program is for permanent residents and people authorized to work in Canada buying a home to live in. With little Canadian credit, a foreign credit report or a letter from your home-country bank may be considered. Criteria vary by lender, so I connect you with a mortgage partner from the start.
What help is available for a first purchase?
The FHSA lets you save up to $8,000 a year ($40,000 lifetime), tax-deductible and tax-free on withdrawal. The HBP lets you withdraw up to $60,000 from your RRSP, repaid over 15 years. Federal and Québec tax credits also exist for a first purchase. Amounts can change, so we confirm your situation together.
How much is the welcome tax?
It depends on the purchase price and municipality, and is paid a few months after you buy. Use the site’s welcome tax calculator for an estimate. Since 2026, Québec also offers a refundable credit to first-time buyers, under conditions: your notary and I will confirm your eligibility.
Let’s talk about your project
A call, a message or a visit to the office: whatever suits you.
