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Quebec City's median single-family home price is projected at $486,300 in 2026, up approximately 8% year-over-year — one of the strongest appreciation rates in Canada. Quebec City applies the provincial welcome tax (taxe de bienvenue) on property purchases, with rates up to 2% on values above $500,000. First-time buyers in Quebec can access a provincial welcome tax rebate of up to $5,000–$15,000. Best 5-year fixed insured mortgage rates in Quebec City follow the national market: 4.39% fixed and 3.60% variable as of November 9, 2026. Quebec City's market is driven by a stable government-heavy employment base and strong quality-of-life appeal at prices far below Montreal or Toronto.
Quebec (QC): welcome tax and rebates are closing costs — not in payment results. Defaults ~$486,300 / 20% down.
20.0% of home price
| Down | Down payment | CMHC | Monthly |
|---|---|---|---|
| 5% | $24,315 | $18,479 | $2,659.24 |
| 10% | $48,630 | $13,568 | $2,497.48 |
| 20% | $97,260 | — | $2,153.23 |
| 25% | $121,575 | — | $2,018.65 |
Canadian mortgages use nominal rates compounded semi-annually (converted to an effective annual rate, then to your payment frequency). Chart shows cumulative principal and interest paid each year; ending balance trends down toward zero.
Total interest paid
$256,929
Total amount paid
$645,969
Principal + interest on the loan
Interest vs purchase price
53%
of home price goes to interest (illustrative)
Same loan amount, rate, and amortization as above. Semi-monthly and bi-weekly match your monthly cash flow; accelerated bi-weekly uses half the monthly payment every two weeks (13 monthly equivalents per year).
| Frequency | Payment amount | Total interest | Payoff time | Savings vs monthly |
|---|---|---|---|---|
| Monthly | $2,153.23 | $256,929 | 25 years | — |
| Semi-monthly | $1,076.62 | $255,831 | 24 years 11 months | $1,098 |
| Bi-weekly | $993.80 | $255,747 | 25 years | $1,182 |
| Accelerated bi-weeklyRecommended | $1,076.62 | $217,965 | 21 years 8 months | $38,965 |
Savings vs monthly shown on wider screens.
| Year | Median Price | Change YoY |
|---|---|---|
| 2024 | ~$420,000 | +5.1% |
| 2025 | ~$450,000 | +7.1% |
| 2026 (forecast) | $486,300 | +8.0% |
| Property Evaluation | Welcome Tax Rate |
|---|---|
| Up to $61,500 | 0.5% |
| $61,501–$307,800 | 1.0% |
| $307,801–$500,000 | 1.5% |
| $500,001–$750,000 | 2.0% |
On Quebec City's median home of $486,300, the welcome tax is approximately $5,500–$6,500. First-time buyers in Quebec may qualify for a provincial welcome tax rebate of up to $5,000–$15,000, potentially eliminating most or all of this cost.
| Home Price | Minimum Down Payment | CMHC Insurance Required |
|---|---|---|
| Up to $500,000 | 5% (e.g. $24,315 on $486,300) | Yes |
| $500,001–$999,999 | 5% on first $500K + 10% on remainder | Yes |
| $1,000,000+ | 20% | No |
At Quebec City's median price of $486,300 with 5% down ($24,315), your insured mortgage is $461,985 plus CMHC premium (~$18,479), totalling approximately $480,464. At an example qualifying rate of 5.99% (a 3.99% contract rate + 2%), you need gross annual income of approximately $90,000–$100,000 to pass the stress test.
At the best 5-year fixed rate we track (4.39% on November 10, 2026), a $500,000 home in Quebec with 20% down costs about $2,189 a month over a 25-year amortization.
| Home price | Down payment | Mortgage (incl. CMHC) | Monthly payment | Interest over 25 years |
|---|---|---|---|---|
| $350,000 | $35,000 (10%) | $324,765 | $1,778 | $208,539 |
| $350,000 | $70,000 (20%) | $280,000 | $1,533 | $179,794 |
| $500,000 | $50,000 (10%) | $463,950 | $2,540 | $297,913 |
| $500,000 | $100,000 (20%) | $400,000 | $2,189 | $256,849 |
| $650,000 | $130,000 (20%) | $520,000 | $2,846 | $333,904 |
Monthly payments, semi-annual compounding, one rate for the full 25 years. Down payments under 20% add CMHC insurance to the loan. The lowest advertised rates are often for insured mortgages, so 20%-down borrowers may be quoted slightly more. Property tax, home insurance and land transfer tax are not included.
The median single-family home price in Quebec City is approximately $486,300 in 2026, up about 8% year-over-year. Quebec City offers significantly lower prices than Montreal or Toronto while providing strong cultural appeal and quality of life.
Quebec City buyers pay a provincial welcome tax (taxe de bienvenue) ranging from 0.5% on the first $61,500 to 2% on amounts above $500,000. On a $486,300 home, the welcome tax is approximately $5,500–$6,500. First-time buyers may qualify for a provincial rebate of up to $5,000–$15,000.
Yes. Quebec offers a provincial welcome tax rebate for first-time buyers that can reduce or eliminate the welcome tax on qualifying purchases. Federal programs including the FHSA (First Home Savings Account) and Home Buyers' Plan (HBP) are also available to Quebec City buyers.
Best 5-year fixed insured mortgage rates in Quebec City follow the national market: 4.39% fixed and 3.60% variable as of November 9, 2026.
To afford Quebec City's median home of $486,300 with 5% down at an example rate of 3.99%, you need approximately $90,000–$100,000 in gross annual income to pass the mortgage stress test at 5.99%.
Quebec City's 2026 residential property tax rate is approximately 0.9–1.2% of assessed value, with a 1.9% average increase for 2026. On a $486,300 home, annual property taxes are approximately $4,400–$5,800.
Educational estimates only. Not a lender pre-approval.