Becoming a Homeowner in Quebec: Key Assistance Programs to Know in 2025
Planiprêt | 22 September 2025
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
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
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