Yes But With Guidelines

Can Ontarians Buy Property in Quebec?

Yes, but with Guidelines

For the first time in 50 years, more Ontarians are relocating to Quebec due to the affordability of housing. While it is possible for Ontario residents to purchase property in Quebec, there are specific guidelines to consider.

Eligibility for Non-Residents

To purchase a property in Quebec as a non-permanent resident, you must meet certain criteria. These include:

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Intending to live in the property full-time

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Having a work permit or authorization for study

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Having sufficient financial means to purchase and maintain the property

Additional Considerations

In addition to meeting the eligibility requirements, Ontario residents should be aware of the following considerations:

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Land Transfer Tax: Quebec has a higher land transfer tax than Ontario, which can impact the overall cost of purchasing a property.

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Income Tax: Quebec has a different income tax system than Ontario, which may affect your tax liability if you own property in both provinces.

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Property Insurance: Home insurance rates may vary between Ontario and Quebec due to factors such as the location and type of property.

Finding a Property

The best way to find a property for sale in Quebec is online. Real estate websites such as Centris and DuProprio offer a wide range of listings. You can also contact a real estate agent for assistance in finding and purchasing a property.