How much tax do you pay when you buy a house in Quebec When you buy a house or property in Montreal, you are required to pay a property transfer tax also known as welcome tax. The amount of tax you pay is based on the value of the property. The tax rate is: 0.5% […]
How much is a downpayment on a condo in Montreal? There are several things to consider when trying to calculate a downpayment on a condo in Montreal. When looking to purchase a condo in Montreal, one of the first questions you’ll ask is “How much is a downpayment?” Several factors come into play when calculating […]
Working With Buyers Agent | Full Guide Since I work with quite a lot of buyers in Montreal and surroundings I thought I would put together a full guide that will give you all the details on how it is like to be represented during a real estate transaction by a buyer’s broker, the advantages […]
What is Welcome tax?
By ALP PEREZ in Blog with 0 Comments
What is Welcome tax? The “welcome tax”, also referred to as the “property transfer tax”, is an amount collected by a municipality when a property located within its borders is transferred. This tax allows municipalities to generate revenue from real estate transactions within their jurisdictions. The funds generated from the tax are used to support […]