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 are around 3.99% in 2026, with select lenders offering as low as 3.79%. 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
Monthly payment
$2,173.60
Your selected frequency (Monthly): $2,173.60
Bi-weekly: $1,002.65 · Weekly: $501.21
Principal vs interest (life of loan)
| Down | Down payment | CMHC | Monthly |
|---|---|---|---|
| 5% | $24,315 | $18,479 | $2,684.40 |
| 10% | $48,630 | $13,568 | $2,521.11 |
| 20% | $97,260 | — | $2,173.60 |
| 25% | $121,575 | — | $2,037.75 |
| 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 the qualifying rate of 5.99% (3.99% + 2%), you need gross annual income of approximately $90,000–$100,000 to pass the stress test.
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 are around 3.99% in 2026, with select lenders offering as low as 3.79%. Variable rates are typically around 3.35%–3.50% for qualified borrowers.
To afford Quebec City's median home of $486,300 with 5% down at 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.