Home Buying

First-Time Home Buyers Incentives in Quebec

First-Time Home Buyers Incentives in Quebec

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    First-time homebuyers in Quebec have many incentives available to help them get into their first property. Support ranges from non-refundable tax credits to lump sums that help with downpayments. To be considered a first-time buyer, you or your spouse cannot be currently living in or have lived in another home within the previous 4-5 years that you or your spouse owned or co-owned.

    With Quebec housing stock diminishing and prices rising, we’ll help you understand what incentives are available if you’re looking to purchase a home as a first-time buyer in Quebec.


    Key Takeaways

    • Quebec has several incentive programs for first-time home buyers, like the Quebec Home Buyers’ Tax Credit.
    • Montreal offers its own incentives, including up to $15,000 under the Home Purchase Assistance Program.
    • First-time home buyers in Quebec can also benefit from federal incentives, including a withdrawal of up to $60,000, as part of the RRSP Home Buyers’ Plan.

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    Quebec First-Time Home Buyer Incentives

    First-time buyers in Quebec are eligible for two non-refundable tax credits: 

    As long as you’re considered a resident of Quebec on December 31st of the year you purchased your first home, and the property is located in Quebec, you’re eligible for the tax credit. 

    First-time buyers in Montreal are also eligible for up to $15,000 under the Home Purchase Assistance Program. First-time buyers are eligible if they have not owned a home in Quebec for the last 5 years and will occupy their new home as a primary residence.

    First-time buyers should also know that the Quebec City Family Access Program (Programme Accès Famille) offers interest-free, downpayment loans for homes under $370,000.

    Incentive: Government of Quebec’s Home Buyers’ Tax Credit

    Quebec offers up to a maximum of $1,500 as a tax credit for all eligible first-time buyers. The qualifying amount may be split among everyone eligible to claim the credit for the same qualifying home.

    To be eligible, you must be a resident in Quebec on December 31st of the year you purchase your first home, and the property is a qualifying property located in Quebec. You may also be eligible if you bought a qualifying home intending to make it the principal residence of a relative who is a disabled person. 

    Qualifying Homes

    To qualify for the Quebec Home Buyers’ Tax Credit, the home must be located in Quebec, will be your principal place of residence, and fit into one of the following build styles:

    • a detached, semi-detached or row house,
    • a manufactured home,
    • a mobile home,
    • an apartment in a condominium building or a multiple-unit residential complex

    The qualifying property can also be a share of the capital stock of a cooperative housing corporation, granting you the right to own a housing unit as long as your right to own that housing unit is published in the land register.

    Completing the Home Buyers’ Tax Credit Form (TP-752.HA-V)

    The Home Buyers’ Tax Credit Form (TP-752.HA-V) can be found here. The form should only be completed if you claim the home buyers’ tax credit on line 396 of your income tax return.

    To complete the form, you’ll need information about the property, yourself (including your latest income tax return) and any other owners (including their latest income tax return). 

    Incentive: City of Montreal’s Home Purchase Assistance Program

    First-time homebuyers (FTHB) and experienced buyers with at least 1 child under 13 in Montreal are eligible for between $5,000 and $15,000 under the Home Purchase Assistance Program

    To be eligible as a first-time buyer, you cannot have owned a home in Quebec 5 years before purchase, except for a non-primary residence such as a cottage. To qualify as an experienced buyer, you must have at least 1 child under the age of 13 or have a child that will be born or adopted within 9 months after the home is purchased. In both cases, the child must live with you at least 40% of the time.  

    The financial assistance you are eligible for varies depending on whether the home is new or existing and whether you qualify as a first-time or experienced buyer. 

    Eligible Purchase Prices

    Circumstances Maximum Purchase Price Eligible Rebate*
    First-Time Buyers – New Homes
    Single-buyer, no children $305,000 $5,000
    Several buyers, no children $308,000 $5,000
    At least one child under 18, property located within downtown $610,000 $15,000
    At least one child under 18, property located outside of downtown $540,000 $10,000
    Experienced Buyers – New Homes
    At least one child under 13, property located within downtown $610,000 $15,000
    At least one child under 13, property located outside of downtown $540,000 $10,000
    Existing Homes – reimbursement of the real estate transfer tax

    First-time buyers – must have at least 1 child under 18 $725,000 Between $5,000 and $7,000
    Experienced buyers – must have at least 1 child under 13 $725,000 Between $5,000 and $7,000
    Additional Amounts for Environmental Certifications
    Novoclimat certification  $2,500
    LEED certification $5,000
    *Combined total for all buyers on the application for financial assistance.

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    Quebec City Family Access Program 

    The Quebec City Family Access Program (Programme Accès Famille) offers financial assistance through an interest-free loan. Couples with or without children and single-parent families who make a maximum gross income of $150,000 and meet the eligibility criteria can qualify for a loan of up to 5.5% of the property value. The maximum purchase price of the home cannot exceed $370,000, and you cannot have owned a home for 5 years prior to the purchase. 

    If the home is Novoclimat-approved, you will receive an additional credit in the form of a direct rebate on the mortgage of 3.5%. 

    If you decide to sell or rent the home, refinance or the original amortization ends, the loan must be repaid. The amount you will repay is the equivalent of the original loan plus an additional 5.5% of the added value of the home (without energy efficiency certification) or 9% of the added value of the home (with Novoclimat approval). 

    Incentives: Federal First-Time Home Buyer Programs

    In addition to the province-specific programs available for Quebec residents, there are additional federal programs that first-time buyers can use to maximize savings. 

    RRSP Home Buyer’s Plan (HBP)

    The Home Buyer’s Plan (HBP) allows you to withdraw up to $60,000 from your RRSP to buy or build a qualifying home for yourself or a disabled relative. If you have a spouse or common-law partner, they can withdraw up to $60,000 for a combined maximum of $120,000 under the plan for couples. 

    Withdrawals under the HBP must be repaid into your RRSP account within 15 years; otherwise, the amount will become fully taxable income. There is a 2-year grace period following the year of withdrawal where no repayments are required. For example, if you withdraw from your RRSP in 2024, your repayments will start when you file your taxes for 2026. 

    Home Buyers’ Amount

    You may be eligible for the Home Buyers’ Amount rebate of up to $1,500 when purchasing a qualifying home. You can claim up to $10,000 on line 31270 of your tax return or split this amount with your spouse or common-law partner for a combined total of $10,000. 

    GST/HST New Housing Rebate 

    The GST/HST New Housing Rebate reduces the taxes you pay on new builds or significantly renovated properties. You can recover some of the GST or HST paid on the home if you meet the eligibility criteria. The amount of the rebate and eligibility criteria will depend on the province where the home is located. 

    Quebec is known for its historic cities and towns and its unique blend of Francophone culture. As one of the more affordable provinces in Canada, here are some of the most popular places to look for your first home in Quebec.

    Location Avg. Price (2023) Avg. Price (2024) Y/Y%
    Montréal $499,200 $509,400 +2.0%
    Gatineau $423,086 $450,068 +6.4%
    Sherbrooke $387,748 $451,686 +16.5%
    Trois-Rivières $278,553 $303,351 +8.9%

    Frequently Asked Questions 

    Can any resident qualify as a first-time home buyer in Quebec? 

    Only Quebec residents at the time the property is purchased can qualify as first-time buyers in Quebec.

    What do I need to qualify for Quebec’s Home Buyers’ Tax Credit?

    You qualify for the Quebec Home Buyers’ Tax Credit as long as:

    1. You or your spouse bought an eligible home for the first time, and you intend to make it your primary residence or
    2. You are purchasing a qualifying home for someone disabled, and that home can be demonstrated to be more accessible or provide a better environment for their care.

    Final Thoughts

    First-time homebuyers in Québec already have so much on their plate. The cost and process only add to their long list of anxieties about owning their first home. It’s never easy to find somewhere to call home, especially during times of economic uncertainty. However, a combination of federal and provincial incentives in Québec can help first-time buyers get into the property market.

    If you’re looking for a place to call home, explore some of the best mortgage rates on the market and get in touch with one of nesto’s mortgage experts today.


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