Becoming a homeowner in Montreal is an exciting milestone, and the city offers several rebates and programs to make this dream more affordable, especially for first-time homebuyers and families. Let’s break down some of the key options available for you!
1. Home Purchase Assistance Program
The City of Montreal provides financial assistance to encourage the purchase of residential properties, especially for first-time homebuyers and families. If you’re buying a house, condo, or a triplex for the first time, this program can offer you significant rebates to help with your down payment or other costs.
How it works:
– First-Time Buyers: If you’re a first-time homebuyer, you can receive a financial rebate depending on the type of property you’re purchasing. This includes:
– New condos or single-family homes: Buyers can receive a one-time financial rebate based on the size of the property.
– Multiplexes (duplex, triplex): Additional rebates are available for families looking to buy larger homes with rental income potential.
Eligibility Requirements:
– At least **one buyer must be a first-time homeowner**.
– Your household income must be below a certain threshold, which varies depending on the size of your household.
– You must live in the property for at least one year after the purchase.
2.Rebates for Families with Children 
Montreal is committed to keeping families within city limits, and there are even more incentives if you’re a family with young children.
Key Benefits:
– Families with at least **one child under the age of 18** are eligible for additional rebates.
– For families purchasing a property in Montreal, the amount of financial assistance can increase based on the number of children.
– You can combine these family-specific rebates with other first-time buyer rebates for added savings!
This is a great opportunity for growing families who want to stay close to schools, parks, and the city’s vibrant cultural life while making a long-term investment.
3. Eligibility Based on Neighborhood 
Montreal encourages home purchases in specific areas by offering targeted rebates. Some neighborhoods have **extra financial assistance** to boost homeownership in sectors undergoing revitalization. These areas typically offer more affordable real estate options and are perfect for families seeking a balance between urban living and affordability.
4. Rebate for School Taxes 
First-time homebuyers and families can also benefit from **rebates on school taxes**. If your property is eligible, you may receive a reimbursement for a portion of the taxes you paid in the first few years of ownership.
5. CMHC Green Home Program 
If you’re looking to buy an energy-efficient home or renovate an existing one, the **Canada Mortgage and Housing Corporation (CMHC)** offersthe Green Home Program, which provides a **refund on your mortgage loan insurance premium** if your home meets certain energy-efficiency standards. Not only do you save on your mortgage insurance, but you also reduce your energy bills over time!
Whether you’re a first-time buyer or a growing family, these programs can make homeownership in Montreal more affordable. With the right knowledge and guidance, you can maximize your savings and make your dream home a reality. Always check with a real estate professional or visit Montreal’s official site to ensure you meet the eligibility requirements and deadlines for these rebates.
If you’re ready to take the next step toward homeownership, these rebates are just the boost you need! 
Please see the following link below for details on the programs mentioned above: https://ville.montreal.
