What first-time buyers ask most
Where do I start as a first-time buyer?
With your finances: compare what a lender would lend you with a budget that stays comfortable, put together your down payment, check your credit report, then get a mortgage pre-approval before visiting properties.
What is the minimum down payment in Quebec?
It is 5% of the first $500,000 of the price, then 10% on the portion up to $1,500,000. You also need cash for closing costs.
How much can I take from my RRSP with the Home Buyers' Plan?
Up to $60,000 per person, repaid over 15 years. The HBP can be combined with the FHSA for the same home.
Is the welcome tax refunded to first-time buyers?
Since 2026, Quebec offers a refundable access-to-property tax credit of up to $5,875. It replaces the City of Montreal program, which stopped accepting applications on July 7, 2026.
