Home purchase assistance program

Program

Are you dreaming of a property in Montréal?

With its many benefits, the Home purchase assistance program could make your dream more attainable.

If you’re buying a residential property, take advantage of:

  • A lump sum financial assistance when you purchase a new property;
  • A refund of your real estate transfer tax when you buy an existing property (a divided co-ownership, a single-family home, or a rental property with 2, 3, 4, or 5 above-ground dwelling units) if you are a family with at least one child under 18 or a child who will be born or adopted no later than 9 months after the property is purchased.

If you buy a home and are already a home owner, or were a home owner over the past five years, you could receive:

  • A lump sum when you buy a new residential property, if you are a family with at least one child under 13 or a child who will be born or adopted no later than 9 months after the property is purchased;
  • A refund of your real estate transfer tax when you buy an existing property (a divided co-ownership, a single-family home, or a rental property with 2, 3, 4, or 5 above-ground dwelling units) if you are a family with at least one child under 13 or who will be born or adopted no later than 9 months after the property is purchased.

This program may be combined with other programs providing financial assistance or tax breaks (ex. tax credits) for new home owners or first-time buyers offered through the provincial or federal governments. Contact the relevant government agencies to learn more.

Reference: http://ville.montreal.qc.ca/portal/page?_pageid=9437,143036185&_dad=portal&_schema=PORTAL​
Angela Langtry

Angela Langtry

Real Estate Broker
CENTURY 21 Immo-Plus
Contact Me

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