Mortgages · Grand Montréal
Mortgage broker in Montréal
What really changes from one Quebec city to the next is not the rate — it is the municipal bill. Here is the land transfer tax in Montréal, on the scale in force.
Land transfer tax$8,392.00on $650,000
Scale appliedMunicipal4 brackets
Median price[TO CAPTURE]APCIQ source to wire
What changes in Montréal
- Its own brackets: past $552,300 the rate climbs to 4%, where the provincial scale stops at 1.5%.
- A rebate of up to $5,000 for a first home, specific to Montreal.
- The municipal assessment often exceeds the price paid: the tax applies to whichever is higher.
The calculation, bracket by bracket
up to $61,5000.5%$307.50
up to $307,8001.0%$2,463.00
up to $552,3001.5%$3,667.50
up to $1,104,7002.0%$1,954.00
Payable to the notary
$8,392.00