Buying a Home in Montréal as a Newcomer

Have you just settled in Québec, or are you preparing your move? Buying a house or a condo may be possible sooner than you think, as long as you understand the rules and the financing steps. Here are the essentials, explained simply.

Who can buy property in Canada?

Since 2023, a federal law prohibits most non-Canadians from buying residential property in major cities. This ban is in effect until January 1, 2027, and new rules may be announced.

• Canadian citizens and permanent residents: you can buy without restriction.
• Work or study permit holders: some people are exempt, under specific conditions (permit length, number of properties, etc.).
• Canadians returning from abroad: you can buy, even if you still live outside the country.

Every situation is different: let's talk to confirm yours before you start your search.

Getting financing without a Canadian credit history

This is the number one question for newcomers. It is often possible: some financial institutions have programs designed for newcomers. A financing professional, such as a bank advisor or a mortgage broker, can review your file based on your status, your employment and your situation.

I can refer you to trusted financing professionals, so you start your search with a clear budget.

Preparing your budget

The required down payment and purchase costs (notary, inspection, welcome tax) vary depending on your situation and your financial institution. Make a first estimate with my tools, then confirm it with your financial institution.

Estimate now: mortgage calculator and welcome tax calculator.

The steps to buying in Québec

1. Get pre-approved

A pre-approval from a financial institution tells you what budget to aim for and reassures sellers. I can refer you to trusted professionals.

2. Define your needs and neighbourhoods

Schools, transit, work, community: choose based on your life, not only the price. The commute-time search helps you target the right areas.

3. Visit and make a promise to purchase

I negotiate for you and include the conditions that protect you: financing, inspection, documents.

4. Inspection and final financing

An inspector checks the condition of the property, and your lender confirms the loan.

5. Signing at the notary

In Québec, the notary makes the sale official. Then you receive your keys.

Frequently asked questions

Can I buy a home in Montréal as a permanent resident?

Yes. Permanent residents can buy property in Canada without restriction, just like citizens.

Can I buy with a work permit?

In some cases, yes. Some work permit holders are exempt from the federal ban under specific conditions. Your situation should be checked before making an offer.

Will the rules change in 2027?

The federal ban is scheduled to end on January 1, 2027. The government is studying a new framework. I am following this closely and will update this page as soon as the new rules are known.

The information on this page is general and does not constitute legal or financial advice. Rules may change; every situation must be confirmed based on your own file.