Home Ownership Program Montreal: Save Thousands Buying a New Home or Condo

By Andrew Mitchell | Buying Real Estate

As a real estate broker I work a lot with first-tine home buyers on a budget who are looking to purchase a new home or condo and would like to know what government programs they can benefit from. While I will sit down and analyze each client’s personal situation to determine which programs they could be eligible for, one program that many buyers may want to apply for is Montreal’s Home Ownership Program.

Here’s how to qualify for thousands of dollars of refunds as a new home or condo buyer in Montreal.

If you’ve been dreaming of purchasing a new home or condo, the program can help that dream become a reality! The Home Ownership Program offered by the City of Montreal is designed to encourage tenants to become home owners more easily and for young families who will become future owners of revenue properties to have the means to maintain their properties.

Indirectly builders of affordable housing will also benefit from increased sales. The program helps first-time buyers purchase new affordable housing and families with at least one child under age 18, to purchase an existing duplex or triplex where they will become owner-occupants. The program is available for properties throughout the city of Montreal.

Who Can Qualify for the Home Ownership Program Montreal?

Refunds for First-Time Buyers of New Construction Units

Singles and Couples Without Children

For a single first-time buyer without children, purchasing a new construction residential unit of $200,000 or less (all prices are including taxes), the Home Ownership Program will provide a lump sum refund of $2,250. Couples or two first-time buyers without children can purchase up to $250,000 to receive the same benefit. For first-time buyer households with at least one child, they can purchase a new residential unit up to $280,000 and receive a lump sum of $5,000 and a full refund of their welcome tax!


For first-time buyer families purchasing a new residential unit of 3 bedrooms or more, less than 1,033 sqft up to $360,000, they also will receive a refund of $5,000 and full refund of their welcome tax. Finally, for families first-time purchasing new units over 1,033 sqft, the refund is $6,250 and a full refund of the welcome tax.

Refunds for First-Time Buyers of Existing Properties

For first-time buyers with at least one child, they can purchase an existing property with two above-ground units (duplex for example) up to $450,000 or a building with 3 above-ground units (triplex for example) up to $490,000 and both receive a full refund of their welcome tax, which could add up to over $5000 in refunds.

Duplexs and Triplexs

Eligible duplexs and triplexs must be over 10 years old or converted to residential at least 10 years ago.

How Do Buyers Receive Their Refund?

The buyers pay the welcome tax as required by law and the amount is then refunded in one lump sum payment providing the at least one of the other units is rented out and the new owner is occupying at least one unit.

…the buyer must remain an owner-occupant for a minimum of 3 years from the date of purchase

As with many programs of this type once the funds allocated for the program have run out there will not be funds for additional applicants. The big but for this program however is that the buyer must remain an owner-occupant for a minimum of 3 years from the date of purchase. However they may sell the property within 3 years as long as they purchase another residential property in the city of Montreal.

If you are currently renting and would like to purchase your first home or condo, but don’t know where to start, there are many programs offered by the government and banks that you may qualify for that could help make that dream a reality. I invite you to contact me to discuss your situation.

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An earlier version of this article I wrote appeared in the Montreal Times newspaper. 


About the Author

I'm Andrew Mitchell, Chartered Real Estate Broker and Owner of Vistacor Realty Group. I help buyers, sellers and investors in the West Island, Montreal and Vaudreuil-Soulanges areas buy and sell homes. My goal is to provide you with useful, straight-forward insights and relevant real estate market updates. Contact me with any questions. Follow me on twitter here.