Quebec has officially joined the ranks of provinces offering relief to first-time homebuyers. Premier Christine Fréchette recently unveiled a new refundable tax credit for first-time purchasers, providing a rebate of up to $5,875 on provincial land transfer duties—often referred to as the “welcome tax.” The measure, retroactive to January 1, 2026, is designed to assist younger generations as property prices across the province have doubled over the last decade.
For GTA buyers, this move highlights a growing national conversation around housing affordability. While Ontario and Toronto already offer land transfer tax rebates, Quebec’s aggressive move to assist 38,000 households annually at a $140 million cost signals a continued policy focus on lowering entry barriers. As Quebec’s market faces double-digit price growth in regions like Quebec City, this relief aims to keep the dream of ownership alive. To dive deeper into the policy specifics and the broader impact on Canadian real estate, read the full report at [MPA Mag](https://www.mpamag.com/ca/mortgage-industry/industry-trends/quebec-premier-unveils-welcome-tax-rebate-in-bid-to-keep-first-time-buyers-in-the-market/572540).
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