Becoming a Homeowner in Quebec: Key Assistance Programs to Know in 2025

Francois Poulin (8682) s

Mortgage Broker

Language(s):
French
English

Buying a home remains a major challenge for many Quebec households. With high interest rates and rising property prices, the dream of homeownership can feel out of reach. Fortunately, several government programs - federal, provincial, and municipal - are still in place to help reduce upfront costs or lower the overall financial burden.

Federal Programs

Home Buyers’ Plan (HBP)
Since April 17, 2024, the maximum withdrawal from an RRSP has increased to $60,000 per person. Must be repaid over 15 years.
First Home Savings Account (FHSA)
Tax-deductible contributions up to $8,000/year, lifetime maximum $40,000. Withdrawals are tax-free for a qualifying first home purchase.
CMHC Eco Programs
Refunds of up to 25% of mortgage insurance premiums for new or renovated energy-efficient homes.

Provincial Programs (Quebec)

Quebec Home Buyers’ Tax Credit
A non-refundable credit of $1,400 for an eligible home acquired after January 1, 2022.
Novoclimat Program
inancial support for purchasing a certified Novoclimat new home, plus additional CMHC rebate.

Municipal Programs

Montreal: Financial assistance of $5,000 to $15,000 depending on the property type and family situation.

Quebec City: Interest-free down payment loan through the Accès Famille program.

To Watch

In May 2025, the federal government announced plans to eliminate GST on first-time new home purchases under $1M. This measure is still a legislative proposal and not yet in force.

Summary

Federal: HBP ($60,000), FHSA ($40,000), CMHC eco rebates.

Quebec: $1,400 tax credit, Novoclimat.

Municipal: targeted assistance in Montreal and Quebec City.

Sources
The Home Buyers' Plan (HBP) - Government of Canada
First Home Savings Account (FHSA) - Government of Canada
Eco Improvement - CMHC
Home Buyers' Tax Credit – Revenu Québec
Novoclimat Financial Assistance– Transition énergétique Québec
Home Purchase Assistance Program – Ville de Montréal
Programme Accès Famille – Ville de Québec
GST relief for first-time home buyers - Government of Canada

TERMS	BANKS	MORTGAGE PLANNERS
1 Year Fixed	7.14%	4.89%
2 Years Fixed	6.69%	4.24%
3 Years Fixed	6.35%	3.99%
3 year closed Variable	6.35%	4.70%
4 Years Fixed	6.29%	4.04%
5 Years Fixed	6.34%	4.09%
5 years Variable	5.40%	3.85%
Refinance Fixed or variable	8.15%	4.10%
7 Years Fixed	6.69%	4.59%
10 Years Fixed	7.14%	5.04%
HELOC	5.95%	5.20%

TERMS

BANKS

MORTGAGE PLANNERS

1 Year Fixed

7.14%

4.89%

2 Years Fixed

6.69%

4.24%

3 Years Fixed

6.35%

3.99%