Buying Your First Home Quebec

A qualifying home of an individual is a housing unit located in québec that was acquired at a particular time after december 31 2017 by.

Buying your first home quebec. The government of canada offers a first time home buyer shared equity incentive program that shares part of the ownership and costs of buying your home with the government. Under the program the government will contribute 5 or 10 of the home s price towards your downpayment in exchange for the same amount of equity in your home. For spouses who work these refunds can be between 20 000 and 30 000 which is quite sufficient to purchase your first home. Consult buying your first home in canada. Condominiums or condos are shared properties that contain individual housing units.

First time home buyers tax credit hbtc the federal government offers a tax credit for the purchase of a first home. Each unit has its own owner. The amount for a qualifying home is 5 000 and the credit is applicable to single family homes townhouses semi detached houses mobile homes condos and apartments in a duplex triplex quadruplex or building. Quebec first time home buyer education centre for more information on calculating cmhc insurance land transfer tax and closing costs in ontario and for more information on basic mortgage terms such as ammortization and down payment please visit our first time home buyer education centre if you are already close to buying a home go to myclosingcosts ca to find ontario home inspectors and. Owners share the common areas outside of the unit such as the lobby and parking lot.