WHY NEW CONDOS MAKE BETTER INVESTMENTS

Home > WHY NEW CONDOS MAKE BETTER INVESTMENTS

Home Ownership Program

If you’re buying a condo in Montreal for the first time, take advantage of:

  • A lump sum financial assistance when you purchase a new property;
  • A refund of your "welcome" tax if you are a family with at least one child who is under 18 and you purchase a new property or an existing residential building with 1, 2 or 3 above-ground dwelling units;
  • Easier eligibility to the Ville de Montréal Major Residential Renovation and Renovation à la carte programs when you purchase an existing residential building with 1, 2 or 3 above-ground dwelling units.

If you already own a property, or have owned one in the last five years, you are entitled to receive:

  • A refund of your "welcome" tax if you are a family with at least one child who is under 18 and you purchase a new 3-bedroom property.

Bonus for families!

Families with at least one child who is under 18 are entitled to receive: If you already own a property, or have owned one in the last five years, you are entitled to receive:

  • 6 months of free public transit on purchase of a one-year OPUS full-fare pass (one free pass per household);
  • 2 Access Montréal cards to take advantage of discounts on many activities offered in the cultural metropolis.

Who is eligible?

  • Households who buy a first property that is a new residential unit;
  • Families with at least one child under 18 who buy a first property that is an existing residential building with 1, 2 or 3 above-ground dwelling units;
  • Families with at least one child under 18 who already own a property (or have owned one in the last 5 years) and purchase a newly-built 3-bedroom property.

The amount of financial assistance varies according to the type of household and the type of property. The financial assistance for the purchase of a new property includes a lump-sum payment and, for families, the refund of the real estate transfer tax ("welcome" tax).

For more information visit: ville.montreal.qc.ca/housingfinancialassistance