Why is Montreal a unique place to move to?
Montreal, a cosmopolitan and vibrant metropolis of Quebec, emerges as one of the most compelling real estate destinations, offering a unique living environment at the crossroads of North American and European cultures. This dynamic city captivates through the diversity of its neighborhoods, each with its own personality and distinctive charm. From the cobblestone streets of Old Montreal to modern districts like Griffintown, and the verdant residential sectors of Rosemont, Mile End, or Outremont, Montreal offers a rich and varied real estate palette that meets the aspirations of all buyer profiles, from young professionals to established families.
Montreal's appeal lies in its ability to offer more than just housing: it's a complete lifestyle. A city of innovation and creativity, it stands out for its diversified economic ecosystem, numerous world-renowned higher education institutions, and incomparable cultural scene. Buyers find not only properties with varied architectures – from historic triplexes to contemporary condos – but also a stimulating environment where quality of life is measured by the richness of experiences. With its extraordinary parks, one of the most efficient public transportation networks in North America, its safety and user-friendliness, Montreal positions itself as a smart, promising, and profoundly human real estate destination.
Thinking about moving in Montreal? Here's how to calculate the Montreal welcome tax
To calculate this tax, you must use the higher value of the municipal assessment and the purchase price of the house.
Take this amount and distribute it according to the following brackets. Note that these brackets vary from one municipality to another.
Online calculation of transfer tax for a house for sale in Montreal
Using the calculator on this page, calculate online in a few seconds the amount of welcome tax to pay in Montreal for your situation. Simply enter the asking price of the house for sale and launch the calculation to obtain the amount of your transfer fees.
Brackets and calculations for the city of Montreal *
Bracket | Amount |
---|---|
$0 to $58,900 | %0.50 of the amount in this bracket |
$58,900 to $294,600 | %1.00 of the amount in this bracket |
$294,600 to $552,300 | %1.50 of the amount in this bracket |
$552,300 to $1,104,700 | %2.00 of the amount in this bracket |
$1,104,700 to $2,136,500 | %2.50 of the amount in this bracket |
$2,136,500 to $3,113,000 | %3.50 of the amount in this bracket |
$3,113,000 and more | %4.00 of the amount in this bracket |
Then you add these amounts together. The total you obtain corresponds to the amount of your welcome tax.
You can also make your life easier by using the online calculator available here :)
Examples of calculating transfer rights in Montreal *
Here are some examples that you can also use to check your understanding of the calculation of welcome taxes:
Example #1: Purchase of a $420,000 house
- $0 to $58,900 = $58,900 x %0.50 = $294.50
- $58,900 to $294,600 = $235,700 x %1.00 = $2,357.00
- $294,600 to $420,000 = $125,400 x %1.50 = $1,881.00
- Amount to pay: $294.50 + $2,357.00 + $1,881.00 = $4,532.50
Example #2: Purchase of a $690,000 house
- $0 to $58,900 = $58,900 x %0.50 = $294.50
- $58,900 to $294,600 = $235,700 x %1.00 = $2,357.00
- $294,600 to $552,300 = $257,700 x %1.50 = $3,865.50
- $552,300 to $690,000 = $137,700 x %2.00 = $2,754.00
- Amount to pay: $294.50 + $2,357.00 + $3,865.50 + $2,754.00 = $9,271.00
Example #3: Purchase of a $849,000 house
- $0 to $58,900 = $58,900 x %0.50 = $294.50
- $58,900 to $294,600 = $235,700 x %1.00 = $2,357.00
- $294,600 to $552,300 = $257,700 x %1.50 = $3,865.50
- $552,300 to $849,000 = $296,700 x %2.00 = $5,934.00
- Amount to pay: $294.50 + $2,357.00 + $3,865.50 + $5,934.00 = $12,451.00
Example #4: Purchase of a $2,350,000 house
- $0 to $58,900 = $58,900 x %0.50 = $294.50
- $58,900 to $294,600 = $235,700 x %1.00 = $2,357.00
- $294,600 to $552,300 = $257,700 x %1.50 = $3,865.50
- $552,300 to $1,104,700 = $552,400 x %2.00 = $11,048.00
- $1,104,700 to $2,136,500 = $1,031,800 x %2.50 = $25,795.00
- $2,136,500 to $2,350,000 = $213,500 x %3.50 = $7,472.50
- Amount to pay: $294.50 + $2,357.00 + $3,865.50 + $11,048.00 + $25,795.00 + $7,472.50 = $50,832.50
Calculations last updated on July 12, 2024 based on information available on the website of the city of Montreal.