Home Purchase Assistance Program

Dreaming of owning a home in Montréal? Thanks to the city’s subsidy program, you can receive financial assistance to purchase a condo, a house or a residential building.

Grant Deadline

Deadline not available

Funding Amount

$22,500

Type of Grant

Grant, Funding

Sectors

Construction

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

quebec, market expansion, Purchasing new equipment, First come first serve grant, Expanding or improving my physical location, Research and development, housing, Real Estate

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

Description

Depending on your situation, you could receive: 

• A lump sum when you purchase a new property.
• A refund of your real estate transfer tax (welcome tax) when you purchase an existing property.

You must meet eligibility criteria to benefit from the program, and the value of the property must not exceed the maximum amount established.

This program may be combined with other financial assistance programs or tax credits for new homeowners or first-time buyers offered through the provincial or federal governments.

Who is eligible for financial assistance

First-time buyers

• New homes: All types of households are eligible.
• Existing homes: You must have at least one child under 18.

Experienced buyers

New or existing home: You must have at least one child under 13.

Definitions

First-time buyer: You have not owned a home in Québec in the five years preceding the purchase, with the exception of a cottage.

Child: May be a child that is already born or that will be born or adopted no more than nine months after the home is purchased. In addition, the child must live with you at least 40 per cent of the time.

Financial assistance

Financial assistance and the eligible purchase price vary, depending on:

• The type of home (new or existing).
• The type of household (one or several buyers, with or without children).
• The location of the home (downtown or outside downtown).

New homes

The financial assistance for a new home is between $5,000 and $15,000.

The purchase price includes taxes and extras (e.g., appliances, upgrades). 

If the home includes a parking space, its value is not considered in the maximum eligible purchase price.

The maximum eligible amount is higher if the home has environmental certification:

• Novoclimat certification: + $2,500 
• LEED certification: + $5,000

Existing homes

Financial assistance for an existing home is reserved for families:

• Experienced buyers: You must have at least one child under 13.
• First-time buyers: You must have one child under 18.

This financial assistance takes the form of a reimbursement of the real estate transfer tax. 

• Maximum purchase price: $725,000 
• Financial assistance: Between $5,000 and $7,000 

You must pay the real estate transfer tax in full by no later than 12 months after the date on which the bill was issued in order to be eligible for financial assistance.

Conditions

The applicable conditions differ, depending on whether it is a new home or an existing home.

Undivided co-ownerships are not eligible for this program.

You must commit to remaining the owner for at least 3 years and to making the home your primary residence. If you sell the home during this period, you must purchase another home in Montréal and make it your primary residence within a month of the sale.

Keep the documents showing your eligibility. The city could verify that the eligibility requirements of the program are being met up to 5 years after the assistance is paid. In the event that you have failed to meet your commitments, or in the absence of the required documents, you could be obliged to repay the assistance received.

Submit an application

Applicable deadlines

You must meet the following deadlines in order for your application to be deemed admissible:

Accepted purchase offer

If the purchase offer has been accepted (preliminary contract), but the transaction has not yet been concluded, you must submit the application:

• No earlier than 18 months before the planned date of signing the deed of sale
• No later than one day prior to the signing of the deed of sale

You must provide the deed of sale and other required documents within 6 months of the signing.

Property already purchased

If the transaction has already been concluded, you must submit the application:

• No later than 6 months after the transaction is recorded in the Land Register of Québec

Grant Application website

https://montreal.ca/en/programs/home-purchase-assistance-program

Contact

By e-mail: acquisition.habiter@montreal.ca

In person: At an Accès Montréal office

By postal mail: Service de l’habitation, 303 Rue Notre-Dame Est, 4th floor, Montréal QC H2Y 3Y8