Closing Cost Calculator Quebec
Buying a home in Quebec comes with various closing costs that can add up quickly. Our Closing Cost Calculator helps you estimate these costs so you can plan your budget accurately. Just fill in the details below to get an instant estimate of your closing costs.
Explanation of Costs
Land Transfer Tax
The Land Transfer Tax in Quebec varies based on the purchase price of the property. It’s calculated as follows:
- 0.5% on the first $50,000
- 1.0% on the portion from $50,001 to $250,000
- 1.5% on the portion from $250,001 to $500,000
- 3.0% on the portion over $500,000
Legal Fees
Legal fees typically range between $1,000 and $1,500, depending on the complexity of the transaction.
Inspection Fees
Home inspection fees usually cost between $400 and $700.
Title Insurance
Title insurance is generally around $300.
GST/QST on New Homes
For new homes, GST (5%) and QST (9.975%) apply, but there are rebates available that reduce the total amount payable.
Adjustments
Adjustments can include property taxes, utilities, and other pre-paid expenses by the seller. These typically range from $500 to $1,000.
