Financial assistance- Montréal launches a new Home Ownership program for families - The details

According to the Ville the Montreal website Applications for financial assistance can only be submitted towards the end of April, once the municipal council has adopted the new program and it comes into effect.

 

New property

Type of household

Maximum eligible purchase price1

Financial assistance

Lump sum

Reimbursement of real estate transfer tax

Household without children

$200,000

$4,500

40%

Household without children of two people buying together

$235,000

Household with at least one child

$265,000

$10,000

100%

$295,000
for a three-bedroom “family housing unit”

$12,500

 

1 Including taxes and extras. The maximum purchase price is increased by $2,500 for a Novoclimat-certified building or by $5,000 for a LEED-compliant building.

Existing property

Type of household

Maximum eligible purchase price2

Financial Assistance
Reimbursement of real estate transfer tax

Household without children

Duplex
$360,000

40%

Triplex
$400,000

Household with at least one child

Duplex
$360,000

100%

Triplex
$400,000

2 Including land and building.

 

Marlene Ofter

Marlene Ofter

Certified Real Estate Broker
CENTURY 21 Max-Immo
Contact Me

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