Everything you know about land transfer tax in Quebec to buy your dream house in the province. Estimate your tax amount with our below Quebec land transfer tax calculator.
Property land tax is part of your closing, which should not be overlooked as the amount might be pretty high, especially when buying a pricy property.
Every municipality in Quebec must collect Land Transfer Tax (LLT) on the transfer of real property within the province of Quebec. The Land Transfer Tax rate in Quebec could be as high as three percent, which is applied to the property’s value to determine the tax amount.
The guide also everything you need about land transfer tax in the province of Quebec
Quebec Land Transfer Tax Calculator
Living In Quebec
Quebec is the “cradle of French-speaking North America.” The quality of life and living conditions makes Quebec one of the best provinces to consider in the country. Canada’s second most populous province, bustling city life, and French-Canadian culture make Quebec a unique province.
Quebec is an economic powerhouse and major housing player in the pharmaceutical, tech, aerospace, and utility industries. The real estate prices in Montreal and Quebec City are just 72% of the country’s average, making it a great place to enter the housing market. Quebec City is ranked among the 68 most affordable cities in North America. You will enjoy lower home prices if you move outside these major cities.
Brief Facts About Living In Quebec
"Je me souviens" (I Remember)
Median House Price
$475,577
Average Mortgage
$228,612
Population
8,653,184
Median Household Income
$87,080
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